Fisker future in deeper doubt as rescue talks fall through

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Failure to strike deal with "large auto maker", widely reported to be Nissan, put $150m of investment at risk

Fisker’s rescue talks with a "large auto maker", widely reported to be Nissan, have fallen through, putting the future of the American electric car start-up into deeper doubt. Fisker last week paused production of its Ocean SUV as it sought crucial funding from the company, with a potential $400 million on the table.

It continued: “Such alternatives may include in- or out-of-court restructurings, capital markets transactions , repurchases, redemptions, exchanges or other refinancings of its existing debt, the potential issuance of equity securities, the potential sale of assets and businesses and/or other strategic transactions and/or other measures.

 

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