4 months ago
19
American EV maker, Fisker files for bankruptcy for the 2nd time
According to reports, American EV maker, Fisker has filed for bankruptcy extortion successful the territory of Delaware. The announcement comes amidst a troubling fewer months for the company, facing depleting funds. The institution successful a connection said that it has assets worthy $500 cardinal to $1 billion, against liabilities betwixt $100 cardinal to $500 million.
A spokesperson for the marque stated, "Fisker has made unthinkable advancement since our founding, bringing the Ocean SUV to marketplace doubly arsenic accelerated arsenic expected successful the car manufacture and making bully connected our promises to present the astir sustainable conveyance successful the world. We are arrogant of our achievements, and we person enactment thousands of Fisker Ocean SUVs successful customers' hands successful some North American and Europe. But similar different companies successful the electrical conveyance industry, we person faced assorted marketplace and macroeconomic headwinds that person impacted our quality to run efficiently. After evaluating each options for our business, we determined that proceeding with a merchantability of our assets nether Chapter 11 is the astir viable way guardant for the company."
Fisker launched the Ocean EV past twelvemonth and delivered 4,929 vehicles. However, the accumulation of the Ocean stopped successful March this year, with nary plans to resume anytime soon. Over the past fewer months, Fisker has been successful the quality for dropping prices of its Ocean EV, reducing its basal terms from $38,999 to $24,999. The EV shaper has besides been laying disconnected assorted departments successful bid to trim costs.
The EV shaper was besides successful talks with different automakers looking for either a currency infusion oregon a buyout. Nissan was said to beryllium precocious connected the database for a buyout, however, the tie-up didn't spell through.
This is the 2nd clip "Fisker" has filed for bankruptcy. The past clip was successful 2013, erstwhile the archetypal company, Fisker Automotive, founded by Henrik Fisker was sold to a Chinese car parts supplier Wanxiang Group. The Fisker Automotive was down models similar the Fisker Karma, portion the Karma is inactive connected sale, it is sold nether a antithetic institution name.
Source: Car&Bike
