Fisker's Debtors Fight For The Scraps
What led to Fisker's decision to file for bankruptcy?
Fisker filed for Chapter 11 bankruptcy protection due to heavy losses, struggles in the electric vehicle market, and the inability to secure financing from undisclosed automakers5. The company faced various market and macroeconomic headwinds that impacted its ability to operate efficiently, leading to the decision to proceed with a sale of its assets under Chapter 11.
Why did the partnership deal between Fisker and Nissan fall through?
The partnership deal between Fisker and Nissan fell through due to undisclosed reasons. Fisker had been seeking a deal with another automaker in a last-ditch effort to rescue the company. The deal with Nissan could have provided the Japanese automaker access to an electric pickup truck while giving Fisker a financial lifeline.
How many Fisker Ocean SUVs are involved in the liquidation sale?
There are more than 4,000 Fisker Ocean SUVs involved in the liquidation sale. The sale is part of Fisker's efforts to recoup the almost $850 million it owes various bondholders after filing for bankruptcy.