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Long beach press telegram
Long beach press telegram




Read our profile on the USA government’s influence on media. is the website for the paper covering local news, sports, crime, lifestyle, and opinion. CNN Sans ™ & © 2016 Cable News Network.The Long Beach Press-Telegram is a daily newspaper published in Long Beach, California, United States. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The cause of the fire is still under investigation, but Nikola said at the time that “foul play” was suspected. Several of Nikola’s trucks burned recently in an incident at the company’s headquarters. Before joining Nikola, Loscheller had, for less than a year, been CEO of the Vietnamese automaker VinFast, which recently began selling electric SUVs in the United States. In his career, Lohscheller has had executive roles at various major automakers, including Volkswagen Group, where he was head of Volkswagen USA. During his time as president and CEO, Nikola focused its business more tightly on the US market. He became president of Nikola in March 2022, and took over the CEO role in November of last year. Nikola’s shares fell 26% at Friday’s market closing on the news. The company’s loss from continuing operations was down compared to last year, though. Nikola reported a net loss of $387 million in the first half of the year, up from $326 million in the first half of last year. So far this year, the company has built 96 trucks and shipped 76 battery electric vehicles, according to earnings that were also announced Friday. Since then the company has started building and delivering trucks to customers. Milton still maintains a roughly 8% ownership stake in Nikola. Prosecutors said Milton had misled investors about how far along the company was in developing its hydrogen- and battery-powered electric semi trucks. Not long after leaving the company under acccusations of misleading investors, Milton was arrested and later convicted of fraud. The company has had a rocky start since it was founded in 2015 by its former chairman Trevor Milton, who left the company in 2021. Lohscheller’s predecessor, Mark Russell, also stayed in the CEO role for less than 18 months, meaning Girsky is the company’s fourth CEO in as many years. Girsky will retain a board seat, but give up the chairman role as he transitions to CEO, effective immediately. He will be replaced in the CEO role by Stephen Girsky, a former General Motors executive who had been chairman of the board. Michael Lohscheller is leaving the company so that he can return to Europe to focus on a family health emergency, the company said. The president and chief executive of Nikola, the Arizona-based electric and hydrogen semi truck manufacturer, is leaving the company effective immediately, the company announced Friday.






Long beach press telegram