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Automakers

Fisker hit by delay in closing VW platform deal

Fisker Ocean web 1.jpg
The Spartan deal will provide Fisker with $1 billion in gross proceeds. Fisker said in the SEC filing that it will use those funds to launch its Ocean SUV (shown) by late 2022.
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By:
BEN KLAYMAN and JOSHUA FRANKLIN
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By:
Reuters
July 31, 2020 06:09 PM

Shares of the so-called blank-check company merging with electric car maker Fisker fell 20 percent on Friday after it disclosed it would not close a deal by the end of July to use Volkswagen Group's EV platform for its vehicles.

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