EV startup has collapsed after running out of money and offers to save it
Fisker has filed for bankruptcy protection. US-based startup claims to have assets worth $500 million to $1 billion, but liabilities of up to $500 million. Rescue talks with Nissan and other big OEMS earlier this year fizzled out. To no one’s surprise, Fisker has filed bankruptcy after months of turmoil. The US-based EV startup will now try to sell its assets and restructure its debt to avoid total obliteration.
That turned out to be an optimistic assessment and production of the firm’s Ocean SUV, which is built by Magna Steyr in Austria, ground to a halt in March. The automaker claimed to have held talks with other OEMs about a possible rescue deal, and negotiations with Nissan looked the most promising. But they came to nothing.
Fisker Fisker Ocean Industry Reports
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