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Nikola gets cash and Iveco’s Euro network behind its hydrogen strategy

Large motors conglomerate CNH Industrial has announced it will put $250 million into the Nikola Motor Company and wants to create a single lease plan for vehicles which includes the vehicle, service, maintenance, and fuel costs in a single lease price – this will be done to offer early adopters of the electronic and hybrid trucks predictable prices to run a zero emissions truck fleet. The investment is all about getting the three Nikola announced truck designs to market across the US, then bringing them to Europe, using the financial muscle of CNH Industrial commercial vehicle and its powertrain technology. Nikola expects to raise as much as $1 billion in the funding round, giving away 25% ownership to new investors.…

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