Nikola chief resigns amid claims that firm’s electric truck technology is an “intricate fraud”


 

Trevor Milton, chief executive of electric and hydrogen-powered truck start-up Nikola Motor Company, has resigned amid claims the company made fraudulent claims about its technology. The resignation comes just two weeks after Nikola signed a $2bn (£1.6bn) partnership with General Motors. Nikola also has a joint venture with Iveco to produce an electric truck. The deal saw Iveco invest $250m in the joint venture in September last year. Milton’s departure follows a report from hedge fund firm Hindenburg Research earlier […]