General Motors acquires 11% stake in electric truck maker Ni

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General Motors said on Tuesday that it is acquiring an 11% stake in US electric truck maker Nikola Corp, worth about $ 2 billion, and will team up with the company to make a pick-up truck.

Nikola’s Shares rose more than 30% to $ 46.30 in pre-market trading after GM’s investment, helping the company take on the likes of Tesla and Ford.
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