Hot Air

Fisker Fire Sale – HotAir

It’s been almost three weeks since word upscale and independent electric vehicle automaker Fisker announced it was going into bankruptcy. Talks with Nissan about an investment collapsed, which put a further financial crimp on the company, as its other, “secret” investor – whose money was contingent on the Nissan deal going through – left them high and dry as well. There were no other sources of funding left, and the company had bills coming due fast.

The EV retail market just lost another one –  of its marquee, OG play-yahs: Fisker.

Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs.

The hyper-competitive EV market has seen several companies, including Proterra, Lordstown and Electric Last…

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