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Published 1 month ago

Electric-Vehicle Startup Fisker Files for Bankruptcy

  • Fisker, the electric vehicle maker, filed for Chapter 11 bankruptcy protection following struggles to expand beyond early adopters, becoming the second electric startup to do so in a year.
  • Fisker Group Inc. Reported assets between $500M and $1B, liabilities between $100M and $500M, with 200-999 creditors in their Chapter 11 filing.
  • Fisker aims to restructure debt and sell assets to save operations after cash depletion from Ocean SUV production attempts.
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