terminated

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. Fisker revealed in a Monday morning regulatory filing that the automaker terminated the negotiations on March 22. Fisker said in the filing that it will ask the unnamed investor to waive the closing condition. In February, Fisker laid of 15% of its staff (around 200 people) and last week reported having just $121 million in the bank. Fisker had held talks with other automakers, including Mazda, but only Nissan recently remained at the table.