Electric-vehicle startup Fisker prepares for possible bankruptcy filing

If the startup fails, it would be the second company collapse for Henri Fisker.

Fri, 15 Mar 2024

By Sean McLain Troubled electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter.Fisker, which warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential filing, the people said. The car company reported last month that it had US$273 million (NZ$4434m) in sales last year and more than US$1 billion in debt. Fisker last month issued a so-called going-concern...

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