91��Ƶ

Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.

Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations.  

Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations.

Serial production of Kenworth Truck Co.'s hydrogen fuel cell electric T680 tractors will not begin in 2025 as previously announced, according to a senior executive.

Court documents show Lucid will pay $30 million for the 691,000-square-foot retooled manufacturing plant and offices after multiple auction rounds.

“This pardon is not just about me — it’s about every American who has been railroaded by the government, and unfortunately, that’s a lot of people,” Milton said in a press release.

If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.

Nikola won court permission to auction its Arizona plant, an asset creditors said may prove valuable to automakers as the Trump administration continues to go back and forth on tariffs.

The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.

The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.