GM says it is 'continuing discussions' with Nikola on alliance deal

U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca – RC2OND92IYIH

DETROIT (Reuters) – General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.

“Our transaction with Nikola has not closed,” GM spokeswoman Juli Huston-Rough said in a statement on Tuesday. “We are continuing our discussions with Nikola and will provide further updates when appropriate or required.” She declined to comment further and Nikola could not be reached to comment.

When the deal was announced, Nikola said it expected it to close before Sept. 30, adding either side could terminate the agreement if it wasn’t finalized by Dec. 3.

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