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EV Maker Fisker Files for Bankruptcy After Halting Production in March

Posted on AllSides June 18th, 2024
From The Right

California-based electric vehicle maker Fisker has filed for Chapter 11 bankruptcy protection in the District of Delaware. This decision, announced on June 17, comes as the company faces significant financial challenges and seeks to restructure its operations. The company is currently in advanced discussions with financial stakeholders to secure debtor-in-possession financing and to facilitate the sale of its assets, according to a press release by the company announcing the filing. “Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in...

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