Fisker, a US electric carmaker, filed for bankruptcy on Monday, using inflation & production issues.
Fisker is in “advanced discussions with financial stakeholders”. About selling its assets. According to a company statement declaring the filing for bankruptcy published immediately into Tuesday.
“Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” it added.
Fisker has been in financial trouble for months and has already halted production of its Ocean model. Came in 2022.
When the company went public in 2020. As a result of a merger with an Apollo Investments subsidiary. Valued at $2.9 billion.
Founder Henrik Fisker reflected on a challenging 2023 in February. Citing part delays, labour issues, and high inflation as factors affecting demand.
US automakers are facing stiff competition from Chinese manufacturers. With top American company Tesla announcing more than 14,000 job cuts in April.
To read our blog on “Toyota reveal E.V concepts at Japan Mobility Show 2023,” click here
