[ad_1] (Reuters) -Fisker’s talks with a major automaker for a possible deal have collapsed, it said on Monday amid growing uncertainty for the cash-strapped startup that last week halted production of electric vehicles. Trading in shares of the company, which did not name the automaker it was in talks with, was suspended pending an announcement. … Read more
[ad_1] Fisker has reportedly hired “restructuring advisers to help with a possible bankruptcy filing,” according to the Wall Street Journal on Wednesday. Update: Fisker responded with a statement, included below. Fisker has been going through a tough time lately, and its stock may have been delisted due to low share prices. He also indicated in … Read more
[ad_1] Henrik Fisker, CEO of Fisker. Mario Tama/Getty Images Tesla rivals Rivian, Lucid and Fisker were at the top a few years ago. Amid growing investor interest, electric vehicle makers boasted strong market capitalizations and talked of bright futures. Things look much less promising today. The electric vehicle sector is facing slowing growth, and even … Read more
[ad_1] Nissan’s possible $400 million investment in Fisker sparks optimism; Talks are ongoing, the deal could be finalized soon, boosting Fisker’s position in the electric vehicle market. Today, Nissan’s possible strategic investment in Fisker is generating quite a stir. News broke about this development shortly after Fisker stock hit an all-time low. According Reuters, Nissan … Read more
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[ad_1] Sales of electric vehicles have increased, but companies that depend their entire existence on plug-in power are not doing so well. Production struggles, declining demand and high interest rates threaten to wipe some of them off the map. The latest is Fisker, the California-based company with big ambitions but dwindling cash. Fisker said there … Read more