EV Maker Fisker Files for Bankruptcy After Halting Production in March

EV Maker Fisker Files for Bankruptcy After Halting Production in March
Fisker CEO Henrik Fisker unveils the Fisker Ocean during the 2021 LA Auto Show in Los Angeles, Calif., on Nov. 17, 2021. Mike Blake/Reuters
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California-based electric vehicle maker Fisker has filed for Chapter 11 bankruptcy protection in the District of Delaware. This decision, announced on June 17, comes as the company faces significant financial challenges and seeks to restructure its operations.

The company is currently in advanced discussions with financial stakeholders to secure debtor-in-possession financing and to facilitate the sale of its assets, according to a press release by the company announcing the filing.

Chase Smith
Chase Smith
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Chase is an award-winning journalist. He covers national politics for The Epoch Times. For news tips, send Chase an email at [email protected] or connect with him on X.
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