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Embattled EV maker Nikola files for Chapter 11 bankruptcy protection

Nikola Corporation filed for Chapter 11 bankruptcy protection due to financial struggles and challenges in finding investors.
The company has approximately $47 million in cash to fund its bankruptcy process and intends to auction its assets.
Steve Girsky, CEO of Nikola, stated that market factors have adversely affected their operations.
Nikola plans to continue limited service for trucks and its hydrogen fueling operations until the end of March.

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