Tag Archives: talks

Reports: Nissan in talks over £316m Fisker lifeline

Nissan is reportedly in talks to speculate $400 million (£316m) in ailing electric car start-up Fisker.

Fisker yesterday introduced it has paused improvement of its inexpensive compact EV, the Pear, having made a loss of $463.6 million (£366m) in the course of the fourth quarter of 2023.

CEO and founder Henrik Fisker added that the corporate was looking for a collaboration with one other automobile agency to generate money or scale back prices.

He stated: “Fisker is in negotiations with a large auto maker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms and North America manufacturing.”

Bloomberg and Reuters have now reported that the producer in query is Nissan, citing nameless sources accustomed to the matter.

Reuters added that the talks concern a $400 million (£316m) money injection from Nissan, in trade for entry to the platform underpinning the Fisker Alaska pick-up. Nissan would additionally produce the Alaska at certainly one of its US-based factories, alongside its personal mannequin constructed on the identical structure.

Fisker Alaska – side

Fisker Chief monetary officer Geeta Gupta-Fisker stated on Thursday’s earnings name that continued improvement of the Alaska trusted a profitable tie-up with an unnamed automobile agency.

Henrik beforehand stated that the “large auto maker” the corporate was in talks with was not contract producer Foxconn, with which Fisker has beforehand negotiated about manufacturing vehicles in North America collectively.

The negotiation successfully ended Fisker’s relationship with Foxconn, stated Henrik Fisker.

The firm is presently focusing its remaining money reserves on ramping up manufacturing of the Ocean SUV, which is being constructed by contract producer Magna Steyr in Austria, in addition to rolling out additional software program updates for the automobile, he added.

Here’s Proof The Kia Pickup Truck Is Happening

The Kia truck has been spied in an underground parking zone, and Tesla talks a few next-generation platform.

This is AM Drive, Motor1’s every day have a look at the information you want earlier than you get in your automotive.

Kia Pickup Spied Up Close

After bolstering its portfolio with a lot of SUVs, sedans, and hatchbacks, Kia is getting ready to enter the profitable full-size pickup phase. Unlike the corporate’s Bongo over-cab pickup, this new mannequin has world aspirations. Ahead of its reveal, a closely camouflaged prototype has been filmed up shut.

Spotted in an underground parking zone in South Korea, Kia’s workhorse had a double cab physique model hiding beneath all that disguise. Judging by the cutouts within the camo, it appeared to have a Telluride-esque entrance fascia with vertical headlights flanking a large grille. However, the 2 are unlikely to share the platform for the reason that ute is anticipated to undertake a ladder body chassis whereas the full-size SUV has a unibody building.

Believed to be known as the Kia Tasman, the pickup sat on 17-inch wheels with Kumho Crugen 265/65 R17 tires. It’s believed to be nearer in measurement to the Ford Ranger somewhat than the compact Maverick, though it is frankly arduous to inform judging by this spy video. We do get a peek inside the place you possibly can inform it is only a prototype judging by a budget trying plasticky door panels.

There is one thing attention-grabbing happening subsequent to the gear lever. We see switches for 2H, 4H, 4L modes. That means this prototype has selectable two-wheel drive and a low-range four-wheel drive for when the going will get powerful.

Australian journal Car Sales reviews a four-cylinder 2.2-liter diesel will ship energy to the wheels by means of both automated or guide transmissions. Aside from this four-door model, the Kia Tasman is allegedly going to be provided as a single cab and at the same time as a chassis cab for industrial functions. Further down the road, a purely electrical setup is claimed to hit the market.

The Tasman (codenamed “TK”) goes to be constructed at house in Korea and could possibly be formally introduced as early as this March. The design is claimed to be revealed within the fourth quarter of 2024 forward of subsequent 12 months’s market launch. An even bigger electrical Kia truck made in North America is rumored to reach earlier than the top of the last decade.

Tesla Working On Next-Gen Platform

2024 Tesla Model 3 (US)

Tesla’s fourth-quarter earnings report contains some juicy tidbits extracted from an in any other case prolonged press launch chock-full of figures. The firm is engaged on a next-generation platform it reckons will “revolutionize how vehicles are manufactured.” The purpose is to convey this new structure to the market as quickly as doable and construct EVs using this {hardware} at Gigafactory Texas.

Tesla goes on to say that it has made progress with the brand new platform however with out going into particulars. However, Reuters reviews suppliers have been knowledgeable of a brand new compact crossover codenamed “Redwood.” It’s reportedly scheduled to enter manufacturing in June 2025. The timeline would align with Elon Musk’s assertion in a post-earnings name throughout which he stated a next-gen EV would hit the meeting line in Texas from the second half of 2025.

This entry-level Tesla is deliberate with a tentative beginning value of $25,000. It would permit the corporate to raised compete with gasoline automobiles in addition to the inflow of reasonably priced Chinese EVs. Right now probably the most attainable Tesla within the United States is the Model 3, priced from $38,990 (earlier than incentives).

After beginning manufacturing in Texas in mid-2025, Tesla may additionally add a budget crossover to its upcoming Gigafactory Mexico close to Monterrey. Reuters claims a call concerning the location of a 3rd manufacturing unit the place the EV could be assembled, outdoors North America, shall be taken later this 12 months.