Fisker flagged doubts about its ability to remain in business in February and later failed to secure an investment from a big automaker, forcing it to rein in operations.
Fisker filed for bankruptcy protection late Monday, as the US electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.and Electric Last Mile Solutions, file for bankruptcy in the past two years as they grappled with weakening demand, fundraising hurdles and operational challenges from global supply chain issues.
In the Chapter 11 bankruptcy filing in Delaware, its operating unit, Fisker Group Inc., estimated assets of $500 million to $1 billion and liabilities of $100 million to $500 million.Neuralink employee was scratched by monkeys infected with herpes and fired after she became pregnant, suit claims The “asset light model” was meant to reduce development times for vehicles and lower costs to take a vehicle to the market.
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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.
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