Since 2019, the former GM Lordstown plant has seen a lot of change, from the closing of the long-term General Motors Assembly Plant after more than 50 years to Lordstown Motors' failed plans to build an EV truck at the facility from 2019 through 2022, followed by Foxconn's takeover in 2022.

Plans have come and gone, and now the latest blow was the planned California-based Fisker Incorporated to manufacture a small electric vehicle at Foxconn’s plant in Lordstown has been placed on the back burner as Fisker struggles with financial issues.

Last week, Fisker reported a loss of $463.6 million in the final quarter of 2023 primarily attributed to a combination of operating losses and adjustments related to its 2025 notes.
 
As previously announced, Fisker's CEO said his company is looking at what he described as a "large automaker" to develop an electric pickup, but not at the Foxconn facility.
 
Reuters reported Friday that Fisker is in talks with Nissan Motor Co. to include the potential of the automaker investing $400 million into the EV start-up company and build their EV truck, Alaska, by 2026 at one of Nissan's US assembly plants in Tennessee or Mississippi.
 
So far, Fisker and Nissan have not publicly commented on any deal between the two companies.
 

21 News reported last week during an investment conference call on Thursday the company was not planning to spend cash on future projects until it has a strategic partnership in place with an automaker, including the Alaska pickup truck and the PEAR electric vehicle.

Foxconn announced in October 2022 that it had reached an agreement with Fisker to manufacture the PEAR at Foxconn’s Lordstown facility, which is the former General Motors Assembly plant. 
 

Fisker originally planned to begin production of the PEAR in July 2025.

Ford last month scaled back production of its F-150 EV truck citing slower than expected sales, selling 24,000 trucks in 2023 and the Chevy Silverado EV had delays on production, only making just under 500 trucks in the same time frame.