Fisker Says It Is In Negotiations With A Large Automaker For Potential Transaction Which Could Include An Investment; Intends To Reduce Its Workforce By Approximately 15%
Portfolio Pulse from Benzinga Newsdesk
Fisker is negotiating with a large automaker for a potential deal that may involve an investment, joint electric vehicle development, and North American manufacturing. The deal's closure is contingent on due diligence and definitive agreements. Fisker also plans to reduce its workforce by about 15%.
February 29, 2024 | 9:27 pm
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Fisker is in discussions for a potential investment and collaboration on electric vehicles with a major automaker, alongside a workforce reduction of 15%.
The potential investment and collaboration with a large automaker could significantly benefit Fisker by providing financial resources and technical expertise, which is likely to be viewed positively by investors. However, the workforce reduction indicates cost-cutting measures, which could also be seen as a positive step towards financial stability but may have a short-term negative impact on morale and productivity.
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