Nikola agrees to $174 million fine for lying to investorsDerek Fung Nikola will pay back US$125 million ($174 million) to investors that were misled by its false technology and engineering claims.6 months ago
Nikola CEO charged with fraudDerek Fung Former Nikola CEO Trevor Milton took the company to the edge of a spectacular deal with GM, but is now looking at serious jail time.10 months ago
GM pulls plug on plans to build Badger ute, invest in NikolaDerek Fung With Nikola accused of serious fraud, General Motors has extracted itself from a deal which would see it take an 11 per cent stake in the startup.1 year ago
Nikola founder steps down amid fraud claimsDerek Fung Trevor Milton, Nikola's founder and executive chairman, has stepped down amid allegations the company lied about its engineering achievements.1 year ago
Nikola Badger electric ute to be engineered, produced by GMDerek Fung Startup car maker Nikola has signed up GM to produce its Badger electric ute, and supply it with batteries and hydrogen fuel-cells.1 year ago
Nikola Badger: Tesla Cybertruck rival targeting AustraliaDerek Fung Startup car and truck maker Nikola Motors will begin taking reservations for the Badger electric and fuel cell ute late this month, with a full reveal scheduled for some time this year.2 years ago
