Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy.
The company had already warned it was in trouble. When it published quarterly earnings in February, it said it might not have enough money to survive another year. Fisker added then that it was in discussions with an existing investor about possibly putting more money into the company.
He blamed the issues on software from different suppliers that worked poorly together and said they were being addressed through updates. Besides its own troubles, Fisker has had to deal with a jump in competition from established automakers since the company was established in 2016. Now, besides Tesla, heavyweights like Hyundai, Kia, Ford and General Motors offer electric SUVs that are similar to the Ocean but without the risks of dealing with an unknown startup.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fisker, Maker Of The Ocean SUV, Files For BankruptcyThe company filed for Chapter 11 protection in the District of Delaware yesterday and is planning on selling its assets.
Read more »
Fisker issues recall over more Ocean SUV software problemsFisker issued a recall for some 11,000 Ocean SUVs over malfunctioning software that could cause a power loss. It's the latest issue for the EV startup's only model.
Read more »
McLaren Working On PHEV SUV That Isn’t An SUV: CEOMaking money in the supercar market inevitably leads to an SUV. Just don’t call it that, though.
Read more »
Nio EL8 Is A Luxurious Six-Seater Electric SUV For EuropeNio has revealed its flagship model for Europe, the six-seater EL8 luxury electric SUV, which starts at over $100,000 with the battery included.
Read more »
Nio EL8 Electric SUV Premieres As Europe’s Version Of Six-Seat ES8 From ChinaThe EL8 comes equipped with 33 high-performance sensors, including a LiDAR
Read more »
New Smart #5 electric SUV packs up to 637bhpFinal design of brand's largest model revealed, along with towering tech specs and dimensions
Read more »