On February 29th local time, American electric vehicle manufacturer Fisker announced plans to lay off 15% of its workforce due to operational difficulties, stating that it is in talks with a "large car company" for financing. In a statement, Fisker stated that without increasing funds, the company's existing capital may not be sufficient to support its development in the next 12 months. The CEO of the company, Henrik Fisker, stated that they are in talks with another "large car manufacturer" regarding financing matters.