Hauling Industry News

Wabco acquires stake in Nikola Motor Company in deal that will accelerate development of safety tech

By Pulltarps Mfg | December 27, 2017

Trucking OEM upstart Nikola Motor Company got an infusion of trucking technology knowhow and cash Wednesday through a $10 million investment from Wabco Holdings Inc.

As part of the deal, in which Wabco receives a 1 percent equity stake in Nikola Motor Company, the two companies agreed to accelerate development of safety technologies specifically designed for electric commercial vehicles, including electronic braking systems and traction and stability control technologies. Story by Jason Cannon / CCJdigital.com