After several months of trying to save himself, Fisker finally filed for bankruptcy. The young Californian company has failed to find the right formula to succeed in a particularly competitive market.
Domiciled in the United States, the Fisker company has just filed for bankruptcy protection. The company founded and managed by the Danish Henrik Fisker no longer has enough cash to continue its automotive adventure. The second, actually. Despite marketing an elegant and high-performance electric SUV, Fisker was unable to transform the test.
Read also
While Fisker sinks, Rivian takes off with its electric SUV
On June 17, 2024, the group therefore filed for Chapter 11 bankruptcy protection in the State of Delaware. Fisker reports estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. The number of creditors of the company is estimated between 200 and 999, according to the court filing.
End clap at Fisker
This bankruptcy filing protects Fisker from its creditors while it develops a plan to pay them back. “ Like other companies in the industry, we have faced headwinds related to the electric market and economic fluctuations that have impacted our ability to operate efficiently », Specifies Fisker.
Read also
Fisker Ocean: production of this electric SUV has been stopped and is not expected to restart
Before specifying that “ all possible options were considered, but we decided that selling our assets under Chapter 11 was the most viable solution for the company “. A takeover by Nissan had once been considered, but the discussions aborted. Today, the company no longer has enough cash to continue moving forward.
In 2023, Fisker had only delivered 4,700 units of its electric SUV. In total, 10,000 models were manufactured. Substantial discounts are currently being offered to try to sell off stocks. Since then, production has been stopped. We interviewed the French owners of the Fisker Ocean to understand their state of mind regarding bankruptcy.
