Sees asset sale as “most viable path forward” for the electric vehicle manufacturer. Fisker Group Inc., the operating subsidiary of Fisker Inc., announced that it filed for Chapter 11 protection in the District of Delaware on June 17. It is in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of its assets. […]
Fisker Announces Negotiations with Large Automaker Terminated
Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced today that negotiations with a large automaker for a possible transaction had been terminated by the vehicle manufacturer. In a filing with the Securities and Exchange Commission (SEC) today, Fisker stated, “After the market closed on March 22, 2024, Fisker Inc. received notice from the large automaker […]
Fisker Pauses EV Production for Six Weeks
Announces it is in talks with a large automaker for a potential transaction to develop EV platforms and to manufacture in the US. Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced yesterday it would pause production for six weeks starting this week to align inventory levels and progress strategic and financing initiatives. The company said […]