Nikola Corp. to pause production in Coolidge as losses widen, stock falls

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Nikola Corp. to pause production in Coolidge as losses widen, stock falls
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Nikola said it will temporarily halt manufacturing at its Coolidge factory at the end of May. The company did not announce any furloughs or layoffs.

Nikola Corp. is pausing production of its Arizona-built, zero-emission heavy trucks for several weeks as it adjusts its vehicle mix and alters a relationship with a key European partner.

Nikola said it will temporarily halt manufacturing at its Coolidge factory at the end of May to convert production to accommodate both hydrogen fuel-cell and battery-electric trucks, with manufacturing expected to resume in July. The company is not furloughing or laying off workers, a spokeswoman said.last fall was convicted of three wire and securities fraud charges

“As we have sufficient inventory of the battery electric truck, we will temporarily pause production in Coolidge as we modify the assembly line to accommodate both hydrogen fuel-cell and battery-electric builds on the same line," the company said.Nikola and Iveco Group earlier said they are phasing down their four-year-old partnership, with Iveco concentrating on European production of its own battery-electric and fuel-cell electric trucks and Nikola focusing on North American operations.

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