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Autocar Trucks Press Release / September 15, 2020 Another #Autocar DC64 ready to get to work! #AlwaysUp -
Any chance you can change the title to read what the thread is about? Like "Pictures of Macks you find interesting" -
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Financial Times / September 16, 2020 Jeff Ubben, the founder of activist hedge fund ValueAct and an early investor in Nikola, has strenuously defended the electric truck start-up and its leadership against fraud allegations from a short-seller. Mr Ubben, who sits on Nikola’s board of directors, says the company and its founder Trevor Milton were misunderstood. He said Nikola could revolutionise transport and compared it to Apple. In a scathing report released last week, short-seller Hindenburg Research called Nikola “an intricate fraud” and claimed the company was exaggerating progress on its potentially revolutionary technology. “Nikola is a prototype shop,” Mr Ubben said. “You have the biggest company in the world which is a prototype shop and it’s called Apple. That is what we are doing. We are not trying to sell trucks, we are trying to sell hydrogen.” Mr Ubben recently left ValueAct, taking with him an environment-focused investment fund that he now runs at a new firm called Inclusive Capital Partners. That fund has an investment in Nikola. Mr Ubben sold more than half the Nikola stake in late August and he now has 5 per cent of the company, versus 12 per cent before. The sale was forced on him by investor redemptions during the transition from ValueAct, he said. Nikola is currently developing a hydrogen cell battery, he said, but the real profit will come from hydrogen stations, which he said were about seven or eight years away. The bulk of Nikola’s value lies in that hydrogen network, he said, not the trucks itself. “We are different from Tesla. They are going to make their money on cars and trucks. That’s a tough model. We will be selling fuel to all the other hydrogen vehicles. It is the end game solution,” Mr Ubben said.
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The new GM 2500 and 3500 HD's are all steel (I checked with magnets!) but you are right about the 1500's. Every panel that moves is aluminum. Funny I was at the local Line-X shop last week. They are located right across the street from a big Ford dealer. Guy was telling me that particular dealership actually didn't order the 'factory' spray-in bed liners on their new trucks but instead steered their customers to him. His Line-X jobs were much thicker and he did a better job prepping the surface of the bed for adhesion. He said he also took the time to fill in any gaps between the bed sides and floors you sometimes see on the aluminum beds.
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