Trucking news and briefs for Wednesday, Nov. 11, 2020:
Nikola subpoenaed by SEC, DOJ over fraud allegations
Nikola Motor Company confirmed in a regulatory filing Monday that the company, its officers and employees have received subpoenas from both the Securities and Exchange Commission (SEC) and Department of Justice as the agencies look into fraud allegations leveled at the company by short-seller Hindenburg Research.
According to the filing, the company and five of its officers and employees received SEC subpoenas Sept. 14, and another three of the company’s officers and employees were subpoenaed a week later. The SEC issued subpoenas to Nikola’s directors on Sept. 30.
The company and Trevor Milton also received grand jury subpoenas from the U.S. Attorney’s Office for the Southern District of New York on Sept. 19 and the company received a grand jury subpoena from the New York County District Attorney’s Office two days later. Nikola says it has cooperated and will continue to cooperate with these and any other regulatory or legal requests.
Freightliner electric trucks surpass 500,000 real-world miles
The 38-truck fleet of battery-electric Freightliner eCascadias and eM2s have surpassed 500,000 miles in real-world operation by Freightliner customers, the company announced this week.
The Freightliner Electric Innovation and Customer Experience (CX) Fleets consist of pre-series production battery-electric medium- and heavy-duty trucks and are used to test integration of the technology into large-scale fleet operations while providing real-time feedback and data to help future development.
Announced in 2018 and beginning operation in 2019, the Freightliner Electric Innovation Fleet includes 30 battery-electric trucks in operation by NFI and Penske Truck Leasing and its customers.
