Nikola CEO Michael Lohscheller, Company's Fourth in As Many Years, Steps Down (wsj.com) 8
Nikola Chief Executive Michael Lohscheller, an auto industry veteran, has stepped down due to a family health matter, and Nikola Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. From a report Girsky is Nikola's fourth CEO in almost as many years after the 2020 departure of Nikola founder Trevor Milton, who was later convicted of defrauding investors. Lohscheller, who took over as CEO of Nikola earlier this year, previously served as chief financial officer and then CEO of German automaker Opel, now owned by Stellantis. Before that, he was CFO of Volkswagen's U.S. business. Nikola credited Lohscheller with reducing the company's cash burn and improving production capabilities. Girsky previously served as CEO of the special-purpose acquisition company that merged with Nikola and took the company public in 2020. He previously served as vice chairman of General Motors. From 2005 to 2006, he was special adviser to the CEO and CFO of GM.
improving production capabilities (Score:4, Interesting)
Are they making anything? whole company was a scam 3 years ago, did anything change?
Re:improving production capabilities (Score:4, Informative)
Re: (Score:2)
Nikola motors is hated most of the electric truck industry because of the fraud they perpetrated causing others to look bad as well.
Edison Motors goes over briefly why those 111 trucks may not mean anything in the end - basically, it boils down to parts and how they no longer have a partnership with the company that actually builds their truck. All NIkola Motors does is take out the diesel engine and put in an electric drivetrain. Iveco, who makes the truck, is European, so now you have to import parts from
How convenient (Score:1)
Re: (Score:2)
He could have prevented that by not taking the job in the first place. It's not as if the Trevor Milton Fraud Scheme only recently popped up in the news.
Re: (Score:3)
Nikola (Score:1)