Fisker declares bankruptcy after halting vehicle production and facing financial crisis (Instagram / @fiskerinc)
Electric vehicle manufacturer Fisker has filed for bankruptcy due to severe financial difficulties.
After several months teetering on the brink, the company could not sustain its operations due to liquidity issues. The decision to declare bankruptcy came after exhausting other options to save the business.
Fisker’s precarious financial situation led to drastic price cuts of its Ocean model and the cessation of vehicle production.
+ Click here to view the company’s statement
In addition to the Ocean, the company had ambitious plans for new models like the Ronin supercar and the Alaska pickup, but these projects now appear uncertain in the face of bankruptcy. Before filing for bankruptcy, Fisker tried to attract potential buyers, but negotiations did not progress as expected.
Source: Motor1.com and Mashable | This content was created with the assistance of AI and reviewed by the editorial team.
