The 53-year-old manager is to become head of Nikola Motor, as the Nikola Corporation group announced on Tuesday in the US city of Phoenix. Lohscheller is to ramp up the global truck business and report directly to CEO Mark Russell.
The company, which was founded in 2015 and is now listed on the stock exchange, relies entirely on electric commercial vehicles that are powered by batteries or additional fuel cells. In addition to a factory in Arizona, a truck production facility is set up in Ulm together with Iveco.
Lohscheller has global experience in the automotive business and was, among other things, Volkswagen CFO in the USA. Since 2017, as CEO, he had restructured the car manufacturer Opel in the new parent company PSA, which in turn was merged with Fiat Chrysler in the new Stellantis group at the beginning of 2021. An engagement as head of Vietnam’s first automaker, Vinfast, remained an episode in 2021, lasting just four months.
The NASDAQ-listed Nikola share temporarily fell by 1.77 percent to $7.78.
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