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Fisker Inc. begins Chapter 11 liquidation after failing to secure necessary funding and partnerships.
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Ongoing negotiations focus on access to parts and service for current Fisker vehicle owners.
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Shareholder lawsuits and SEC investigations add complexity to the already tumultuous bankruptcy process.
Fisker, the electric vehicle manufacturer, has commenced a Chapter 11 bankruptcy liquidation process while striving to maintain operational stability for existing SUV owners. According to a report by the Los Angeles Times, the company’s decision follows its inability to secure necessary capital and strategic partnerships.
The U.S. Bankruptcy Court in Delaware has approved a settlement allowing Fisker’s management to oversee the wind-down…
