There’s a growing sense Fisker is circling the drain, with the automaker’s Austrian division filing for bankruptcy protection overnight.
In a statement Fisker said its Austrian arm has “voluntarily filed to open a restructuring proceeding via self-administration”.
Business publications suggest this period of self-administration is similar to Chapter 11 bankruptcy protection in the US.
The automaker claims this move will allow Fisker Austria to pay employees, as well as “continue delivering its vehicles to customers to the extent possible, providing service, and updating its over-the-air software”.
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Fisker Ocean
At the beginning of the week Magna Steyr, the Austrian contract manufacturer that builds the Ocean…
