U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its Ocean SUV in the United States and Europe.The company's unit, Fisker Group Inc, filed for Chapter 11 bankruptcy in Delaware, listing estimated assets of $500 million to $1 billion and liabilities between $100 million and $500 million. Fisker's estimated number of creditors are 200-999, according to the court filing.The termination of talks in March with a large automaker led Fisker to search for strategic options, including in- or out-of-court restructurings and capital markets transactions
Hence then, the article about ev startup fisker files for bankruptcy was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( EV startup Fisker files for bankruptcy )