EXCLUSIVE-Nissan and Fisker in advanced talks for investment and partnership – sources – 03/01/2024 at 8:49 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto)) by Abhirup Roy and Norihiko Shirouzu

Nissan 7201.T is in advanced talks to invest in electric vehicle maker Fisker FSR.N in a deal that could give the Japanese automaker access to an electric pickup while giving the struggling startup a lifeline. financial rescue, according to two people familiar with the negotiations.

The deal could close this month, said the sources, who asked not to be identified because negotiations are ongoing and have not been finalized.

Terms 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 US assembly plants. “United,” 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 Thursday, when it announced it may not be able to continue operations and would cut 15% of its workforce, that it was in talks with a major automaker about a potential investment and a joint development partnership. The name of the manufacturer was not mentioned.

A Fisker spokesperson said the company does not comment on speculation, while Nissan representatives were not immediately available for comment.

Fisker shares lost more than 43% on Friday, giving the company a market capitalization of about $222 million.

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