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Carmaker Deal

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business1 year ago

"Fisker's Strategic Talks and Funding Focus Amid Bankruptcy Concerns"

Fisker Inc addressed rumors of potential bankruptcy, stating it is working with advisers as standard practice and aiming to strike a deal with another carmaker. The company's stock plummeted following reports of exploring bankruptcy and hiring restructuring advisers. Fisker emphasized its focus on raising capital, pursuing a strategic partnership, and transitioning to a dealer model. With previous financial concerns and a sharp decline in stock value, Fisker seeks to secure a partnership amid industry competition and market challenges.