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Fisker loses potential Nissan deal, putting rescue funds at risk
The EV startup had to keep negotiations alive to unlock near-term funding. Now, it has to scramble evaluate other options.
The negotiations between Fisker and a large automaker — reported to be Nissan — over a potential investment and collaboration have been terminated, a development that puts a separate near-term rescue funding effort in danger. But the company had to keep the negotiations going as part of one of the closing conditions for a potential $150 million convertible note announced last week. Some of the cars that have been delivered have been affected by a number of quality problems — ones that Fisker has, at times, has struggled to solve, according to internal documents.
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