General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.
GM and Nikola announced a tentative agreement in September but have yet to come to final terms. Nikola’s stock price has plunged in the wake of allegations of deception by a short seller, raising questions from investors about GM’s due diligence and commitment to a deal.
