Nikola Corporation (NKLA)

[srm4u]

Nikola Sets the Record Straight on False and Misleading Short Seller Report
Sep 14, 2020, 07:00 ET
Nikola believes that the Hindenburg report, and the opportunistic timing of its publication shortly after announcement of Nikola's partnership with General Motors Co. and the resulting positive share price reaction, was designed to provide a false impression to investors and to negatively manipulate the market in order to financially benefit short sellers, including Hindenburg itself.

Nikola has contacted and briefed the U.S. Securities and Exchange Commission (SEC) regarding Nikola's concerns pertaining to the Hindenburg report. Nikola intends to fully cooperate with the SEC regarding its inquiry into these matters.

Nikola, an early-stage growth company, has been through extensive due diligence processes, starting with Bosch in 2017, Hanwha Group and ValueAct Capital in 2018, CNH Industrial N.V. in 2019, and VectolQ Acquisition Corp. and General Motors in 2020. Nikola remains laser-focused on laying the groundwork toward becoming the global leader in zero-emissions transportation. The Company continues to make significant progress on its strategic initiatives:
https://www.prnewswire.com/news-releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-301129952.html

Exor N.V
The rapid expansion was interrupted by the war, but post-war reconstruction began a new cycle of investments and development. Istituto Commerciale Laniero Italiano (later renamed IFIL) was acquired and IFINT (IFI International) was established in 1964 to bring together the group’s international investments. In 1969, an agreement with the race-car entrepreneur Enzo Ferrari heralded the beginning of a partnership between the two families that saw the famous “Prancing Horse” become one of the most admired brands in the world.

The group companies flourished. In the 1990s, more world-famous names were added to the portfolio, including Chateaux Margaux, Club Méditerranée, and the iconic Rockefeller Center in New York City. By the end of the century, IFINT acquired Exor Group and extended its reach globally with investments in Asia.

The new millennium, however, began with a business crisis at Fiat. The Agnelli family responded by changing the leadership and injecting new capital, which set the stage for the company’s turnaround and a merger with Chrysler to create FCA.
https://www.exor.com/pages/exor/history

CNH Industrial is a leading global capital goods company engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defence and other uses, as well as engines, transmissions and axles for those vehicles and engines for marine and power generation applications.

It has industrial and financial services companies located in 45 countries and a commercial presence in approximately 180 countries around the world.
https://www.exor.com/pages/companies-investments/companies/cnh-industrial
https://en.wikipedia.org/wiki/Exor_(company)


CNH Industrial announces updates on its investment in Nikola Corporation
London, June 8, 2020
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced the following updates on the $250 million investment, made through its IVECO commercial vehicle segment, in Nikola Corporation (NKLA) as a consequence of the completion, on June 3, 2020, of the previously announced merger between VectoIQ Acquisition Corp., a publicly-traded special purpose acquisition company, and Nikola Corporation (the ‘Merger’).

Under the terms and conditions of the Merger, the former shareholders of Nikola received 1.901 shares of VectoIQ for every one share held in Nikola and became shareholders of VectoIQ, which, in turn, changed its name to “Nikola Corporation”. Nikola Corporation shares began trading on Nasdaq under the new ticker symbol “NKLA” on June 4, 2020.

As a result of the Merger, IVECO now holds 25,661,449 shares of Nikola Corporation, corresponding to approximately 7.11% of Nikola outstanding share capital.

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.
https://finance.yahoo.com/news/cnh-industrial-announces-updates-investment-053000013.html
https://en.wikipedia.org/wiki/CNH_Industrial

CNH Industrial
As part of the deal, CNH’s Iveco and FPT truck and powertrain units will provide engineering and manufacturing assistance to Nikola, which needs the funding to build a truck assembly plant near Phoenix and a network of hydrogen fuel and electric-vehicle charging stations. Nikola is already working with truck industry heavyweights including Bosch and Meritor, while Norway’s NEL Hydrogen is providing technology for its fuel stations that will be used by fleet customers like beermaker Anheuser-Busch, which is leasing up to 800 Nikola semi-trucks.
https://www.forbes.com/sites/alanohnsman/2019/09/03/heavy-duty-fuel-hydrogen-truck-startup-nikola-gets-250-million-investment-from-cnh-industrial/#774dc8313f58
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