The way forward for Fisker seems to be grim. The firm admitted on Friday it’d solely be a yr away from going out of enterprise following a internet lack of over $463 million in 2023. But not all hope is misplaced. The firm says it is negotiating with a “large automaker” that would convey further funding, joint automobile improvement alternatives, and North American manufacturing.

Fisker made no indication of which automaker it is negotiating with. Judging from the electrical model’s assertion, the potential associate has a producing footprint in North America. But such a partnership remains to be a methods off from changing into actuality.

“The closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements,” mentioned CEO Henrik Fisker.