Fisker Inc, which is going public through a merger with a so-called blank check company, said on Thursday auto supplier Magna International Inc will supply the vehicle platform and build the electric carmaker’s Ocean SUV. As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, worth about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. Fisker, which is merging with Spartan Energy Acquisition Corp , said it had finalized a deal with Canada’s Magna to build the Ocean in Europe, marking the Canadian supplier’s first entry into …read more
Source:: Yahoo Finance
