Ailing startup Fisker Inc. was aiming for a partnership with a larger automaker, reportedly Nissan, that won't happen now. Is bankruptcy next?
As Nissan outlines its plans for the immediate future, one thing is apparently not in the cards: a reported tie-up with Fisker Inc. that may have been a significant lifeline for the ailing EV startup. According to regulatory paperwork filed with the U.S. Securities and Exchange Commission today, Fisker received notice from 'the large automaker' it was said to be in talks with 'that the automaker terminated the negotiations.
That story claimed more than $400 million would've gone to make the truck at one of Fisker's U.S. plants, with Nissan getting its own version of the vehicle. But as InsideEVs also reported, the benefit to Nissan was far less obvious. Fisker's 'asset-light' business model means it contracts out with external partners to make its cars, like Austria's Magna Steyr, which builds the Ocean crossover.
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