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Magna To Build New Fisker

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Oct. 16, 2020—Fisker Inc. has announced that Magna International will build the brand's newest all-electric Ocean SUV as Fisker goes public. 

According to Autoblog, as part of the deal, Magna will receive warrants to purchase up to 6 percent in Fisker, which is valued at $3 billion total. 

Production of the Ocean SUV is projected to start November 2022. 

 

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