Nikola Pitches US Facility as Valuable Amid Looming Auto Tariffs

Bankrupt electric vehicle maker Nikola Corp. won court permission to auction its Arizona manufacturing facility, an asset creditors said may prove especially valuable to automakers as the Trump administration continues to go back-and-forth on implementing tariffs.

The company’s 691,000-square-foot manufacturing plant in Coolidge, Arizona, is a “turn-key” facility could appeal to buyers interested in moving production to the US, Benjamin Butterfield, a lawyer representing Nikola’s unsecured creditors, said during a Friday hearing. The plant is part of a broader set of technology and other assets poised to hit the auction block in April.

The hearing follows Trump’s barrage and subsequent ...