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Fisker Confirms Banking Relationship With JPMorgan Chase NA
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Rhea-AI Summary
Fisker Inc. (NYSE: FSR) announces a strengthened global banking and treasury management partnership with JPMorgan Chase NA, highlighting strategic financial stability as it prepares to launch its first vehicle, the Fisker Ocean. Chairman and CEO Henrik Fisker emphasizes that Fisker does not have any ties with Silicon Valley Bank, which was recently placed in receivership, thus reassuring stakeholders about its banking relationships. Additionally, JPMorgan Chase will offer retail financing to Fisker customers in the US through Fisker Finance, while Santander serves retail financing in Europe.
Positive
Partnership with JPMorgan Chase NA enhances financial stability.
Fisker Finance will provide retail financing to US customers.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world’s most emotional and sustainable electric vehicles, confirms its global banking and treasury management relationship with JPMorgan Chase NA.
“Amid turmoil in the banking sector, Fisker’s relationship with JPMorgan Chase provides us with strategic financial strength as we launch our first vehicle, the Fisker Ocean,” said Chairman and CEO Henrik Fisker.
He added that Fisker has no relationship with Silicon Valley Bank (SVB), the startup-focused lender that the FDIC recently placed in receivership. Fisker has received several media inquiries about its banking relationships and considers it important at this time to remind stakeholders of its relationship with JPMorgan Chase NA.
JPMorgan Chase NA1 also provides retail financing to Fisker customers in the US through Fisker Finance℠. Santander is Fisker’s main financing partner in Europe, providing retail financing to customers in the region.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by the vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.
Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
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1JPMorgan Chase Bank, NA will decide, originate, and service loans for Fisker customers in the US under the licensed program name, Fisker Finance℠.
What is the significance of Fisker's partnership with JPMorgan Chase NA?
Fisker's partnership with JPMorgan Chase NA is crucial as it enhances the company's financial stability, particularly during uncertain times in the banking sector.
Does Fisker have any ties with Silicon Valley Bank?
No, Fisker has confirmed that it has no relationship with Silicon Valley Bank, which was placed in receivership by the FDIC.
What financing options does Fisker offer for its customers?
Fisker customers in the US can access retail financing through Fisker Finance, managed by JPMorgan Chase, while Santander serves European customers.
What vehicle is Fisker preparing to launch?
Fisker is preparing to launch its first vehicle, the Fisker Ocean.
