Shares of Fisker (FSR) are trading higher after a rough Friday morning. The company warned it would cut 15% of its workforce and miss its production target by 13,000 vehicles, amounting to losses of 37%. Part of Fisker's afternoon jump is thanks to a Reuters report, which detailed Nissan's (NSANY) possible investment of $400 million in the automaker's truck platform.
Fisker CEO Henrik Fisker joins Yahoo Finance to discuss the company's performance, including its layoffs and pivot toward a dealer model.
While Fisker could not comment on the reported deal with Nissan, though he did respond to questions regarding the automaker's talks with original equipment manufacturers (OEMs): "We started talking to several OEMs, I think over 6 months ago, so we obviously have done a lot of work already. So I hope a deal closes as soon as possible."
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