{"id":1217054,"date":"2025-02-19T13:40:00","date_gmt":"2025-02-19T18:40:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1217054"},"modified":"2025-02-19T13:40:00","modified_gmt":"2025-02-19T18:40:00","slug":"nikola-files-for-bankruptcy-with-plans-to-sell-assets-wind-down","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1217054","title":{"rendered":"Nikola Files for Bankruptcy With Plans To Sell Assets, Wind Down"},"content":{"rendered":"<div>Nikola, the hydrogen-truck maker that briefly sported a market value comparable to Ford Motor, has filed for bankruptcy with plans to wind down its business. From a report: Nikola on Wednesday said that it made the chapter 11 filing with the U.S. Bankruptcy Court in Delaware and that it plans to conduct a court-supervised auction of its assets. <\/p>\n<p>The Phoenix company said it worked for months with its financial and legal advisers to find a way to sustain its operations before determining that a structured sale process was the best way to maximize the value of its assets.<\/p>\n<div class=\"share_submission\" style=\"position:relative;\">\n<a class=\"slashpop\" href=\"http:\/\/twitter.com\/home?status=Nikola+Files+for+Bankruptcy+With+Plans+To+Sell+Assets%2C+Wind+Down%3A+https%3A%2F%2Ftech.slashdot.org%2Fstory%2F25%2F02%2F19%2F1459220%2F%3Futm_source%3Dtwitter%26utm_medium%3Dtwitter\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/02\/twitter_icon_large-146.png\"><\/a><br \/>\n<a class=\"slashpop\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Ftech.slashdot.org%2Fstory%2F25%2F02%2F19%2F1459220%2Fnikola-files-for-bankruptcy-with-plans-to-sell-assets-wind-down%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/02\/facebook_icon_large-77.png\"><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/tech.slashdot.org\/story\/25\/02\/19\/1459220\/nikola-files-for-bankruptcy-with-plans-to-sell-assets-wind-down?utm_source=rss1.0moreanon&amp;utm_medium=feed\">Read more of this story<\/a> at Slashdot.<\/p>\n<p><iframe src=\"https:\/\/slashdot.org\/slashdot-it.pl?op=discuss&amp;id=23614591&amp;smallembed=1\" style=\"height: 300px; width: 100%; border: none;\"><\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nikola, the hydrogen-truck maker that briefly sported a market value comparable to Ford Motor, has filed for bankruptcy with plans to wind down its business. From a report: Nikola on Wednesday said that it made the chapter 11 filing with &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1217054\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,44],"tags":[],"class_list":["post-1217054","post","type-post","status-publish","format-standard","hentry","category-slashdot","category-technology"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1217054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1217054"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1217054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1217054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1217054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1217054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}