Founder of truck maker Nikola resigns after fraud allegations
Founder of truck maker Nikola resigns after fraud allegations

Washington (AFP) – The founder and executive chairman of embattled zero-emission truck maker Nikola has resigned, the company announced Sunday, after allegations of fraud which sparked a stock tumble and a regulatory investigation.The Phoenix-based company said in a statement that it had accepted Trevor Milton’s resignation and that he would be replaced by Stephen Girsky, a Nikola board member and former vice-chairman at General Motors (GM).Founded by Milton in 2015 to develop trucks and pick-ups powered by electric batteries or hydrogen fuel cells, Nikola has not yet built anything, but caugh…

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