FISKER FILES FOR BANKRUPTCY PROTECTION, THE ELECTRIC SECOND VEHICLE MAKER TO DO SO IN THE PAST YEAR
Techlife News|Techlife News #660
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
FISKER FILES FOR BANKRUPTCY PROTECTION, THE ELECTRIC SECOND VEHICLE MAKER TO DO SO IN THE PAST YEAR

Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are between $500 million and $1 billion. It estimated liabilities are between $100 million and $500 million, with between 200 and 999 creditors.

“Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a prepared statement this week. “After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.”

This story is from the Techlife News #660 edition of Techlife News.

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