Phoenix-based Nikola Motors has filed for Chapter 11, becoming the latest start-up to go bust while targeting the EV and hydrogen fuel-cell markets. Nikola officials said the company now plans to sell off its assets, though it isn’t clear a buyer has yet emerged.
The EPA announced strict new emissions standards meant to slash CO2 emissions from the nation’s heavy truck and bus fleet – among the country’s largest source of global warming gases. But the regulations could face a fight, both in Congress and the courts.