Nikola taps its president for CEO post

Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola Board of Directors, effective immediately. He served as CEO of...

Hype, hope and money: Your guide to all the EV SPAC investigations going on

If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand. Nearly all of the electric vehicle manufacturers that took a shortcut to an IPO by merging with a special purpose acquisition company over the last two years are being...

Why EV startups should’ve hit the brakes before merging with a SPAC

The blank-check boom that made real many electric vehicle manufacturers’ dreams of going public may be nearing a close. One such company, Faraday Future, is even in danger of being delisted, according to a filing with the U.S. Securities and Exchange Commission...