General Motors has pushed back the closing date on its pending partnership with Nikola Corp., most likely to renegotiate the terms after Nikola’s stock price has plummeted.
The Phoenix-based electric-truck company faces allegations of fraud, but GM has said it intends to complete the deal with the company.
On Tuesday, GM issued a statement that read: “Our transaction with Nikola has not closed. We are continuing our discussions with Nikola and will provide further updates when appropriate or required.”
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GM was tentatively due to close on