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The electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection, it said Wednesday. Executives said in October the EV maker had enough cash to operate only until 2025's first ...
Nikola lost more than $200 million in the third quarter of 2024, and in October, the company said it only had enough cash to last until the first quarter of this year.
Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in ...
Money: US displaced China as Germany's biggest single trading partner last year; Tech: Google agrees to pay Italy $340 million to settle a tax evasion investigation; Science: Researchers link a gene to the emergence of spoken language; Health: Trump officials want to ban junk food from SNAP. Past efforts show it's not easy to do
Electric-truck maker Nikola Corp. filed for Chapter 11 bankruptcy protection on Wednesday after the company failed to overcome market and macroeconomic challenges.
Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in ...
The company, located in Gardner, Massachusetts, purchased the IBM Time Equipment Division in 1958. [7] This purchase included IBM's fire protection division. Originally, Simplex's fire alarm line simply consisted of relabeled IBM devices and control panels, but they began to introduce redesigned IBM products starting in the early 1960s.
The company's corporate offices were abandoned and stores across the United States emptied and shuttered, but the store's official website remained active with no reference to the closure. [19] [20] American Apparel closed all of its stores, a total of 110, in April 2017 after being acquired by Gildan Activewear. 2,400 workers were laid off ...