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Friday 15 March 2024

Fisker Is Preparing For Possible Bankruptcy: WSJ

Fisker is preparing for a possible bankruptcy filing, according to a new report from The Wall Street Journal. The news comes after Fisker told investors about its "substantial doubt" that it could meet all of its financial obligations without a cash infusion.

The troubled EV startup founded by Henrik Fisker has hired bankruptcy advisors to assist in a potential filing, according to the WSJ. The company has produced—err, its supplier Magna has produced—around 10,000 of its Ocean electric crossovers. It has sold around half of them.

The product launched at a time of slackening demand for EVs last summer, and has faced high-profile issues, a regulatory probe over braking issues and a scorching review from one of the world's biggest tech reviewers.

Read the hole story on insideevs.com



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