Negotiations failed: E-car maker Fisker is bankrupt

The US electrical automobile start-up Fisker is bankrupt. After negotiations with a serious automobile producer failed, the corporate filed for Chapter 11 chapter on Monday night, the courtroom introduced. Belongings of round 500 million to at least one billion {dollars} (467 to 934 million euros) are offset by liabilities of between 100 million and 500 million {dollars}.

At the start of Might, a restructuring process beneath self-administration had already been initiated in Graz by means of the Austrian subsidiary of Fisker. The corporate was a shopper for the car producer Magna in Graz. In April, the latter introduced that it might lower 500 jobs, The background was the manufacturing cease of the Fisker “Ocean”.

Talks with Nissan failed

Fisker had already introduced the failure of talks with an unnamed automobile producer in February. Reuters had discovered from insiders that the Japanese automobile producer Nissan had been in superior negotiations with Fisker a couple of monetary injection.

The Los Angeles-based firm, based by Danish automobile designer Henrik Fisker, has been feeling the consequences of the truth that promoting its autos is tougher than initially deliberate. Added to that is the cooling demand for electrical vehicles total and the problem of accessing capital in occasions of upper rates of interest.


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