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FILE - This Jan. 27, 2020, file photo shows a General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich. General Motors has effectively canceled a $2 billion agreement with truck maker Nikola, scuttling plans for the startup's electric and hydrogen-powered Badger project.   (AP Photo/Paul Sancya, File)

GM rethinks planned stake in electric vehicle maker Nikola

Nov. 30, 2020 11:37 AM EST

NEW YORK (AP) — General Motors will not be taking a stake in the electric vehicle company Nikola, and the company said Monday that it was scuttling one of its marquee vehicles, an electric and hydrogen-powered pickup, after GM pulled technological support from the project. Shares of Nikola plunged 24%. ...