"Fisker in Advanced Talks with Nissan for Lifeline Investment and Electric Pickup Partnership"

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Source: Yahoo Finance
"Fisker in Advanced Talks with Nissan for Lifeline Investment and Electric Pickup Partnership"
Photo: Yahoo Finance
TL;DR Summary

Nissan is in advanced talks to invest over $400 million in electric vehicle maker Fisker, potentially gaining access to Fisker's electric pickup truck platform and securing production at one of its U.S. assembly plants. The deal, which could close this month, would provide a financial lifeline to Fisker, which recently announced potential insolvency and job cuts. Nissan's move into the U.S. electric pickup market aligns with its efforts to develop growth plans in EVs and software independently of its alliance partner Renault. Fisker, struggling to sell its Ocean electric SUV, aims to deliver 20,000-22,000 vehicles in 2024 and is in talks with a debt holder for potential investment.

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