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Second Time: EV Startup Fisker Files For Bankruptcy Due To "Macroeconomic Headwinds"

Posted on AllSides June 18th, 2024
From The Right

Second Time: EV Startup Fisker Files For Bankruptcy Due To "Macroeconomic Headwinds" Electric vehicle startup Fisker filed for Chapter 11 bankruptcy in a Delaware federal court on Monday evening, intending to sell its assets. This decision comes after recently halting production of its "Ocean" SUVs. Joining the ranks of Arrival, Lordstown Motors, Proterra, and Electric Last Mile Solutions, Fisker's bankruptcy underscores the severe challenges faced by EV startups over the last several years. These challenges include depleted cash reserves, a high interest rate environment, and a downturn in EV sales,...

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https://zerohedge.com/markets/ev-startup-fisker-files-bankruptcy-due-macroeconomic-headwinds

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