Shares in Italy's CNH down 6.2% after Nikola founder steps down

Reuters

Published Sep 21, 2020 05:19

MILANO (Reuters) - Italy's CNH (MI:CNHI) was one of the top losers on Milan's bourse on Monday, its shares down over 6% in early trade, after the founder of U.S. electric truck maker Nikola Corp 's (O:NKLA) stepped down as executive chairman, a trader said.

"The news of Nikola's Trevor Milton stepping down is bringing (CNH) stock down," a Milan-based trader told Reuters.

CNH Industrial owns 7.1% of Nikola Corp.'s share capital.