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Written by Abhirup Roy and Norihiko Shiramizu
(Reuters) – Nissan Motor Co. is in talks to invest in electric car maker Fisker, according to two people familiar with the negotiations, in a deal that would give the Japanese automaker access to electric pickup trucks. At the same time, it could provide an economic lifeline to struggling startups.
The deal could be completed this month, the sources said, speaking on condition of anonymity because negotiations are ongoing and have not been finalized.
Nissan is considering investing more than $400 million in Fisker’s truck platform and considering building Fisker’s planned Alaska pickup truck at one of its U.S. assembly plants starting in 2026, one of the people said. one of the sources said. Nissan will build its own electric pickup on the same platform, the people said. Nissan has assembly plants in Mississippi and Tennessee in the United States.
Fisker said Thursday that it may not be able to continue operating as a going concern and is negotiating with major automakers for potential investments and co-development partnerships, as it announced it would cut 15% of its workforce. The name of the car manufacturer was not disclosed.
A Fisker spokesperson said the company does not comment on speculation, and Nissan officials were not immediately available for comment.
Fisker shares fell more than 43% on Friday, giving the company a market capitalization of about $222 million.
(Reporting by Abhirup Roy in San Francisco and Norihiko Shirazu in Austin, Texas; Editing by Ben Klayman and Diane Craft)
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