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California-Based EV Maker Fisker Cruising Toward Bankruptcy

If Fisker can’t get a break from debt holders, it could file for bankruptcy by mid-June.
California-Based EV Maker Fisker Cruising Toward Bankruptcy
A view of the solar car top of the Fisker Ocean during the 2021 LA Auto Show in Los Angeles on Nov. 17, 2021. Mike Blake/Reuters
Jill McLaughlin
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California-based electric vehicle maker Fisker is running out of money and could file for bankruptcy in June.

The company, based in Manhattan Beach, Calif., defaulted on a loan after failing to make a $8.4 million interest payment last month, according to Fisker’s year-end report to the Securities and Exchange Commission (SEC) filed April 23.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.