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mahatmakanejeeves

(57,805 posts)
Mon Apr 29, 2024, 12:01 PM Apr 29

Fisker Up For Sale And Four Automakers Are Apparently Interested

Fisker Up For Sale And Four Automakers Are Apparently Interested

The embattled automaker's share price is at all-time low, but Fisker may yet find a savior.

BY SEBASTIAN CENIZO
PUBLISHED 3 HOURS AGO

KEY TAKEAWAYS
* Fisker in talks with 4 automakers for potential buyout, but no solid offers yet.
* Current share price is extremely low.
* Poor administration and canceled orders could lead to Fisker's downfall unless a savior steps in.

Troubled EV startup Fisker has had a terrible start to the year, but there may be a glimmer of hope: founder and CEO Henrik Fisker reportedly told employees last week that the automaker was in talks with four automakers who are interested in potentially initiating a buyout. As reported by Business Insider, an all-hands meeting on Thursday was the setting as the CEO updated staff on the company's current position.

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