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Fisker (NYSE:FSR) is in talks with Japan’s Nissan Motor (OTCPK:NSANY) in an effort to try to save the stuggling electrical vehicle maker, according to media reports.
Nissan (OTCPK:NSANY) may invest as much as $400 million in Fisker’s truck platform and build Fisker’s planned Alaska pickup starting in 2026 at one of its U.S. assembly plants, according to a Reuters report on Friday, which cited people familiar the matter,
A deal could close this month, according to the Reuters report. The term sheet is ready and the transaction is going through due diligence, one of the sources told Reuters.
The report comes after Fisker (FSR) shares plunged 34% on Friday after the company expressed doubts it can continue as a going concern. The EV maker also said on Thursday that it’s currently in negotiations with a large automaker for a potential transaction which could include an investment in the company and/or joint development of one or more electric vehicle platforms.
Fisker (FSR) also said Thursday it intends to cut 15% of its workforce related to its pivot to its sales strategy to a Dealer Partner model.