Business
Tesla rival Nikola cuts $US4b factory cost by making GM build truck – The Australian Financial Review
News of the ‘big deal’ sent shares of both companies surging despite a broader-market downturn. Nikola’s were up 40.8 per cent
The move sets up GM for a new revenue stream and possibly a change in its business model, essentially becoming a parts supplier to other companies for electric vehicle frames, batteries, controls and components.
GM has been under pressure from Wall Street to more quickly monetise its electric vehicle technology and industry analysts have suggested spinning off its EV unit as a separate company.
Barra said on a conference call that GM has a platform that others can use that’s going to give us s…
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