To The Moon

$Fisker Inc.(FSR)$ 

March 21 (Reuters) - Nissan (7201.T), opens new tab is in advanced talks to invest in electric vehicle maker Fisker (FSR.N), opens new tab in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations.

The deal could close this month, said the sources, who asked not to be identified because the talks are ongoing and have not been finalized.

Terms being discussed include Nissan investing more than $400 million in Fisker's truck platform and building Fisker's planned Alaska pickup starting in 2026 at one of its U.S. assembly plants, one of the sources said. Nissan would build its own electric pickup on the same platform, the source said. Nissan has U.S. assembly plants in Mississippi and Tennessee.

Fisker said on Thursday, when it announced it might not be able to continue as a going concern and would cut 15% of its workforce, that it was in talks with a large automaker for a potential investment and joint development partnership. It did not name the automaker.

Cash-strapped Fisker's talks with a large automaker for a potential deal could be back on the cards and the New York Stock Exchange plans to look at the electric-vehicle startup's shares due to "abnormally low" price levels.

The NYSE has also suspended trading in the stock, it said on Monday, hours after trading was halted pending an announcement. Fisker's shares were trading at $0.09 before the halt and closed at $0.13 on Friday.