Nikola sets date for Badger debut
By Jeff Gifford | Phoenix Business Journal As Phoenix-based Nikola Corp. gets ready to start taking reservations for its full-size pickup, the zero-emissions vehicle maker has set a date for the truck’s official debut. Nikola (Nasdaq: NKLA) founder and Executive Chairman Trevor Milton said in a June 25 tweet the Nikola World 2020 event will […]
Read More →Nikola announces Coolidge groundbreaking
The Nikola One semi-truck operates on hydrogen and electricity. The trucks are to be built in Coolidge.Nikola Corp./Pinal Central By Rofida Khairalla | Coolidge Examiner COOLIDGE — Nikola Motor Company will break ground on a highly anticipated manufacturing plant in Coolidge on July 23, though there is still a process ahead before construction can begin. […]
Read More →Nikola becomes Arizona’s newest public company, one of state’s most valuable
By Russ Wiles | The Republic With more than $700 million in additional funding and with its shares now trading in the stock market, it’s time for Arizona’s newest public corporation to bring home the bacon. Or better yet, drive it home. “Now it’s about executing our business model,” said Trevor Milton, the founder and […]
Read More →Nikola poised to become $11B public company
By Russ Wiles | The Republic The Phoenix-based maker of zero-emission heavy trucks Nikola Corp. will become a publicly traded corporation later this week, possibly worth $11 billion or more, if a vote to approve its merger with another company succeeds as expected. More than $700 million in proceeds from the reverse-merger transaction with VectoIQ Acquisition Corp. will […]
Read More →Saint Holdings President, CEO Jackob Andersen to Elon Musk: Bring Tesla to AZ
By Corina Vanek | Phoenix Business Journal After eccentric Tesla Inc. CEO Elon Musk recently threatened to move the company out of California, one of Arizona’s largest private landowners is looking to capitalize on the opportunity. When Musk first tweeted he planned for Tesla to leave California over the state’s stay-at-home order that shut down his […]
Read More →Lucid installing robotic machinery in CG plant
By Suzanne Adams-Ockrassa | Casa Grande Dispatch CASA GRANDE — Lucid Motors has started installing the equipment for the assembly line for its electric luxury sedan at its new manufacturing plant in Casa Grande. “Our team of automotive experts and industry partners have started installing the main line in the “Body in White” shop along […]
Read More →Taiwan company’s Arizona investment seen as big deal
By Russ Wiles, Lorraine Longhi and Uriel J. Garcia | The Republic A $12 billion advanced chip factory in Phoenix to be built by industry giant Taiwan Semiconductor Manufacturing Co. will take years to develop and promises to propel Arizona as a technology leader. Taiwan Semiconductor Manufacturing Co.’s products are used in computers, smartphones, automobiles and many other applications. […]
Read More →Deal to take Nikola public clears latest hurdle, merger vote set
By Jeff Gifford | Phoenix Business Journal A plan to transform Phoenix-based electric vehicle startup Nikola Corp. into a publicly traded company rolled ahead Tuesday after stockholders at VectoIQ Acquisitions Corp. agreed to extend the time to complete the deal beyond this week’s deadline. The special meeting vote on Tuesday paves the way for the […]
Read More →Lucid helping build training center at CAC
By Suzanne Adams-Ockrassa | PinalCentral CASA GRANDE — The coronavirus outbreak has put only a minor dent in Lucid Motors’ plans to start production of its new Lucid Air luxury electric sedan in Casa Grande. The company canceled the world premier it had planned for the car in April in New York City due to […]
Read More →Intel advancing technology to combat coronavirus
Facebook By Victoria Harker | Chamber Business News Intel and the Intel Foundation have announced a $50 million global initiative to put technology to work toward understanding and fighting the coronavirus. The initiative is supporting measures to innovate in areas like employing artificial intelligence (AI) technology to use CT scans to detect coronavirus infections and […]
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