Nikola Corp. (NKLA) said the company and Republic Services (RSG) have discontinued their collaboration on refuse truck development. The companies determined that the combination of the various new technologies and design concepts would result in longer than expected development time, and unexpected costs.
Nikola CEO Mark Russell said: "We support and respect Republic Services' commitment to achieving environmentally responsible, sustainable solutions for their customers. Nikola remains laser-focused on delivering on our battery-electric and fuel-cell electric commercial truck programs, and the energy infrastructure to support them."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.