RE: US Hexagon Composites & Nikola Corp via Romeo Power25 Nov 2020 14:49
After some more research lookie lookie , if GM don't want the Nikola Deal then this guy will know all about it.
"Until August, Engle was president of GM’s $100 billion North American business unit. His team includes automotive experts like former supplier CEO and Ford Motor Co. executive Kathleen Ligocki and 15-year private equity veteran Sam Gabbita.
All three worked at Agility Fuel Solutions Holdings, a manufacturer of clean energy storage, delivery and conversion systems for commercial vehicle makers and fleets. Hexagon Composites ASA purchased the 50% of Agility it did not already own in November 2018.
Engle was CEO at Agility. He formerly led financially challenged European electric vehicle manufacturer Think EV. Engle joined GM in 2015. His roles included running GM’s global Chevrolet brand before taking on GM North America in 2019."
Maybe a the 1.5m bonds will help fund any cash needed to step in with the contract to supply Nikola with Hydrogen engines whilst partner Nel asa gets all the 448 electrolyser hydrogen fuelling stations just for Nikola Corp.
Announcement by Nikola on the Nel fuelling stations is due before year end as per presentations provided by Nikola on their website, also Nel CEO recently mentioned it in a conference call 2 months ago. Could be a big surprise for Hexagon Composites and their spin off mobility section Purus ?
Will happily wait and see.