Fisker's deal talks with large automaker ends (updated)
25/03/2024 13:12
(Adds shares in paragraph 2, background in paragraph 3)
March 25 (Reuters) - EV startup Fisker FSR.N said on
Monday talks with a large automaker for a potential transaction
has been terminated.
Shares of the company fell more than 18% before the bell.
Reuters had reported earlier this month that Nissan was in
advanced talks to invest in the company, in a deal that could
act as a financial lifeline for the cash-strapped EV startup.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi
Majumdar)
((Zaheer.Kachwala@thomsonreuters.com;))