Motoring Podcast - News Show

FOLLOW UP: BRITISHVOLT SEEKS EMERGENCY FUNDING[00:00:24] Britishvolt is searching for investors to plug a £200 million cash shortage it needs to survive until the summer of 2023. Nothing is ‘off the table’ as they look for anything from minority investors all the way up to new ownership. They currently have 300 staff, which is costing £3 million a month in wages, but are not expecting any income until at least 2025. To learn more about this story, click this Business Matters article link. NIKOLA FOUNDER GUILTY OF FRAUD[00:03:12] Trevor Milton, the founder of Nikola electric lorry firm, has been found guilty on three counts of fraud relating to the business and tech of the company. The prosecution claimed he lied about the progress of their development, the capability and the deals done. The start of all this was the advert which Nikola claimed showed the vehicle running along the road, which was exposed as it being dragged to the top of a hill and rolling down. On january 27 2023 Milton will find out what he