After months of teetering on the edge of collapse, Fisker has finally filed for bankruptcy. The American electric car start-up led by car designer Henrik Fisker stopped production of its only model, the Ocean, in March when it revealed that extra funding would be required to continue operations.
Fisker’s operating arm, the Fisker Group, officially filed for bankruptcy in the USA on 17 June, after failing to find an investment partner to rescue the ailing operation. Despite hitting key production and launch date targets, Fisker was hit by softening demand for the Ocean and supplier issues. Fisker hoped to build more than 42,000 Ocean models in 2023 but ended up producing just 10,193. Fewer than half were delivered to customers.
