Oh No another one bites the dust:eek::eek::D:D:D:D:D:D:D (just...

Oh No another one bites the dust

(just needs more government subsidy --ie tax payer money)

Fisker Files for Bankruptcy

The troubled EV maker has run out of money and is seeking bankruptcy protection.


According to the court filing in Delaware, where Fisker filed for Chapter 11 bankruptcy, the company estimates it has between 200 and 999 creditors. In a statement, Fisker said: "Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently. 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."

The writing had been on the wall for some time. In late February, Fisker warned it could run out of money within the next 12 months, but it has happened in just four. It delivered just 4,929 vehicles in 2023 despite spending $904.9 million on operating and investing activities. Production of the Ocean electric crossover was halted at Magna Steyr's factory in Austria in mid-March 2024.