A new report from the Wall Street Journal says that Fisker has hired restructuring advisors to assist with the bankruptcy process, if it comes to that.
Fisker is preparing for a possible bankruptcy filing, according to a new report from The Wall Street Journal. The news comes after Fisker told investors about its 'substantial doubt' that it could meet all of its financial obligations without a cash infusion. The troubled EV startup founded by Henrik Fisker has hired bankruptcy advisors to assist in a potential filing, according to the WSJ.
It has also said that it won't be able to develop new products without the help of a major automaker. Rumors suggest Nissan could be interested, but we're not sure what the company would get out of a deal with Fisker. Its partner Magna, the contract production company that builds the Ocean along with other products for legacy OEMs like Mercedes, lists business with Fisker as one of its financial risks.
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Fisker halts work on new EV models until it finds more moneySarah Fielding MS, is an acclaimed journalist focusing on mental health, social issues, and tech. At Engadget, she reports on tech news, whether it be a Twitter bot exposing gender pay gaps or a beloved classic game's revival.
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