By Ben Klayman
DETROIT (Reuters) – General Motors Co <GM.N> and Nikola Corp <NKLA.O> have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.
“Our transaction with Nikola has not closed,” GM spokeswoman Juli Huston-Rough said in a statement. “We are continuing our discussions with Nikola and will provide further updates when appropriate or required.”
A statement by Nikola echoed GM’s. Huston-Rough and a Nikola spokeswoman declined to comment further when asked if terms of the deal were being renegotiated.
Shares of Nikola were down 7.1%, while GM’s stock was off 1.5% in midday trading.
When the deal was announced, Nikola said it expected it to close before Sept. 30, adding either side could terminate the agreement if it wasn’t finalized by Dec. 3.
The alliance, announced Sept. 8,