The ghosts of Nikola's past are still clattering around in the startup commercial truck maker's corporate attic. But they aren't distracting CEO Michael Lohscheller, the 31-year auto industry veteran who became Nikola CEO just over a year ago.
The company, founded by disgraced former CEO Trevor Milton, convicted last year on three counts of fraud related to false statements made to investors, is now under professional management, thanks to Lohscheller and his team.
A former CFO of Mitsubishi Motors and Volkswagen, Lohscheller has also been CEO of Opel and Renault's German, Austrian and Swiss operations. He completed a short stint leading VinFast before moving to Nikola. So he knows a thing or two about fiscal responsibility, especially about making sure companies don't promise things they can't deliver.