Posted 3/25/2024, 1:52:55 PM
Fisker Deal with Nissan Falters, Putting EV Startup in Precarious Financial Position
- Fisker terminated negotiations with Nissan over a potential investment and collaboration deal
- The failed negotiations put at risk a separate $150 million rescue funding effort
- Fisker is struggling to sell its Ocean SUV, underperforming sales goals
- In February, Fisker laid off 15% of staff and has just $121 million left in the bank
- Fisker is evaluating other "strategic alternatives" to stay afloat, including debt restructuring, capital raises, asset sales, etc.
