MILANO, Sept 21 (Reuters) – Italy’s CNH CNHI.MI was one of many prime losers on Milan’s bourse on Monday, its shares down over 6% in early commerce, after the founding father of U.S. electrical truck maker Nikola Corp’s NKLA.O stepped down as government chairman, a dealer stated.
“The information of Nikola’s Trevor Milton stepping down is bringing (CNH) stock down,” a Milan-based dealer informed Reuters.
CNH Industrial owns 7.1% of Nikola Corp.’s share capital.
Nikola stated on Sunday Milton was leaving as the corporate is battling allegations from a short-seller that it misled traders and automakers. The group rejected the accusations and threatened to take authorized motion.
(Reporting by Giancarlo Navach, enhancing by Giulia Segreti)
((giancarlo.navach@thomsonreuters.com; +39 0266129518))
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