Fisker (OTCMKTS: FSRN ) filed for Chapter 11 bankruptcy protection in Delaware. It plans to sell its assets and restructure its debt.
Fisker has filed for bankruptcy, following its warnings of potential business failure. The company initiated a series of layoffs over the past few months.
24/7 Insights Once-promising electric vehicle (EV) start-up Fisker has filed for bankruptcy.
U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, seeking to sell its assets and restructure its debt after facing rapid cash burn while attempting to deliver its “Ocean” SUVs in the United States and Europe.
The company's shares had already lost almost all their value.
Fisker Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that led to recalls and lawsuits.
Fisker FSRN -1.96%decrease; red down pointing triangle, a much-hyped startup that sought to mimic Tesla's success, has filed for bankruptcy, roughly a year after releasing its first electric-vehicle model.
Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the electric vehicle startup to the fallout of a rapid cash burn to deliver Ocean SUVs in the United States and Europe.
It has been a terrible year for most electric vehicle (EV) makers. However, some companies have fared worse than others.
After a highly volatile month, Fisker (OTCMKTS: FSRN ) is facing new problems. The electric vehicle (EV) startup just announced a recall of more than 18,000 Fisker Ocean models due to software problems.
EV maker Fisker issued recalls for their Ocean SUV due to software-related issues. The company plans to fix these software issues through an over-the-air update process.
Electric-vehicle maker Fisker Inc. can now add a recall to all the troubles it has seen over the past couple of months.