Troubled EV maker Fisker Inc. is closing down its Manhattan Beach headquarters and moving employees to La Palma in Orange County in a bid to save money and stave off bankruptcy.
In an effort to stave off bankruptcy, electric-vehicle maker Fisker Inc. is closing its Manhattan Beach headquarters and has secured a $3.5-million lifeline as it continues to explore an acquisition or other strategic alternative.
The Ocean, a competitor to Tesla's Model Y, was released last year to mixed reviews; some praised its build and styling, but the car has been plagued by software glitches. The National Highway Traffic Safety Administration has four investigations into the vehicle, including one opened this month after complaints that the SUV's automatic emergency braking system randomly triggered.
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