Monday, March 25, 2024

Report: Fisker's Talks For Funding From Nissan Collapse

A report this morning says that talks between Los Angeles-based EV maker Fisker Automotive and auto maker Nissan have collapsed, putting the company's future in jeopardy. According to a filing with the SEC, Fisker terminated its negotiations with an un-named auto-maker on March 22, without explaining the reasons. The publicly traded auto maker's stock has plunged in recent weeks, and the company laid off staff in February, and has been suffering from cash flow problems.