"Fisker's Desperate Search for a Lifeline: Partnering with Nissan to Avoid Bankruptcy"

1 min read
Source: Fortune
"Fisker's Desperate Search for a Lifeline: Partnering with Nissan to Avoid Bankruptcy"
Photo: Fortune
TL;DR Summary

Fisker Inc. is in talks with Nissan for a potential partnership and financial lifeline as it faces liquidity challenges and a going-concern warning. The electric vehicle maker reported weaker-than-expected earnings, plans to cut 15% of its workforce, and is struggling with production issues and technical glitches. Nissan may invest up to $400 million in Fisker's truck platform and build a planned pickup starting in 2026 at one of its US assembly plants. Fisker's shares plunged but recovered slightly on news of the potential rescue. The company expressed substantial doubt about its ability to continue as a going concern due to capital challenges.

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