Lucid Group Inc. has won a bankruptcy auction for Nikola Corp.’s manufacturing facility in Coolidge. The Saudi-backed California luxury electric vehicle company, which already produces vehicles at a ...

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Electric vehicle maker Lucid Group (NASDAQ:LCID) has won a bid to acquire select facilities and assets in Arizona previously belonging to now-bankrupt electric trucking company Nikola (OTC:NKLAQ).

The electric luxury carmaker is expanding its Arizona footprint by scooping up Nikola’s former manufacturing and development facilities out of bankruptcy. Lucid Motors is picking up the pieces of once ...

A passenger-EV startup has won an auction to acquire Nikola Corp.’s former headquarters and manufacturing facility. However, Lucid Group apparently will be using the facilities to expand the footprint ...

Nikola Corp. plans to lay off 855 workers between its Phoenix headquarters and Coolidge manufacturing facility as the electric truck maker moves forward with its Chapter 11 bankruptcy. Nikola on Feb.