DETROIT -- Fisker, which is going public through a merger with special-purpose acquisition company, said 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 percent in Fisker, worth about $3 billion, Fisker CEO Henrik Fisker told Reuters.
"We're full speed ahead," Fisker said in a telephone interview. "This is a huge turning point. We realized Magna would be an amazing partner because having skin in the game obviously means we both have the same goal of getting this car to market."