Fisker’s recent journey has been turbulent, to say the least. Amidst talks with Nissan that ultimately collapsed and drastic price cuts on inventory, the company’s future seemed uncertain. However, amidst the uncertainty, a faint glimmer of hope looks to have emerged as the company could soon be purchased.
According to reports from Business Insider, CEO Henrik Fisker recently convened an all-hands meeting, revealing that four automakers have expressed interest in potentially investing in the company. “We do have four car companies that have signed NDAs,” Fisker disclosed to employees, highlighting a potential avenue for salvation. Nevertheless, he acknowledged the need for time to conduct due diligence.
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Details regarding the interested parties remain undisclosed, leaving speculation to swirl. Notably absent from the list is Nissan, whose negotiations with Fisker previously faltered, despite rumors of a substantial deal. This setback followed talks of a multimillion-dollar agreement aimed at jumpstarting production of the Alaska pickup and an electric pickup for Nissan.
However, the window of opportunity for Fisker appears narrow. With a meager $54 million in cash equivalents, the company faces looming financial constraints. Failure to secure a deal within the next month could spell the inevitability of bankruptcy. This precarious situation is compounded by the company’s past struggles to collect payments, despite delivering hundreds of cars.
The coming weeks will be pivotal, determining whether Fisker can secure a lifeline and evade bankruptcy’s grasp or if financial turmoil looms large on the horizon.
