CW Detroit

Nikola Founder Steps Down Due To Fraud Accusations Amid New Partnership With GM

/ CW50 Detroit

(CBS DETROIT) – The founder of German electric automaker Nikola is stepping down over fraud allegations.

This comes just two weeks after General Motors announced a $2 billion partnership with the company to make electric vehicles.

Trevor Milton is accused of misleading investors over Nikola's vehicles.

Former GM Vice Chairman Stephen Girsky is set to replace him.

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First published on September 22, 2020 / 9:08 AM EDT

© 2020 CBS Broadcasting Inc. All Rights Reserved.

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