Nissan, Fisker in advanced talks on investment, partnership-sources
01/03/2024 19:49
By Abhirup Roy and Norihiko Shirouzu
March 1 (Reuters) - Nissan 7201.T is in advanced talks
to invest in electric vehicle maker Fisker FSR.N in a deal
that could provide the Japanese automaker with access to an
electric pickup truck while giving the struggling startup a
financial lifeline, according to two people familiar with the
negotiations.
The deal could close this month, said the sources, who asked
not to be identified because the talks are ongoing and have not
been finalized.
Terms being discussed include Nissan investing more than
$400 million in Fisker's truck platform and building Fisker's
planned Alaska pickup starting in 2026 at one of its U.S.
assembly plants, one of the sources said. Nissan would build its
own electric pickup on the same platform, the source said.
Nissan has U.S. assembly plants in Mississippi and Tennessee.
Fisker said on Thursday, when it announced it might not be
able to continue as a going concern and would cut 15% of its
workforce, that it was in talks with a large automaker for a
potential investment and joint development partnership. It did
not name the automaker.
A Fisker spokesman said the company does not comment on
speculation, while Nissan officials were not immediately
available to comment.
Fisker shares were off more than 43% on Friday, giving
the company a market capitalization of about $222 million.
(Reporting by Abhirup Roy in San Francisco and Norihiko
Shirouzu in Austin, Texas, editing by Ben Klayman and Diane
Craft)
((abhirup.roy@thomsonreuters.com; +1 415 941 8665;
@abhiruproy30;))