Joe Biden-backed EV startup Fisker filed for bankruptcy late Monday, planning asset sale amid manufacturing halt. Henrik Fisker, former Aston Martin and BMW designer, founded the company, which has filed for bankruptcy twice.
Fisker, an electric vehicle startup, filed for bankruptcy late on Monday, announcing plans to sell its assets following a recent manufacturing halt.
Henrik Fisker, the former designer of Aston Martin and BMW, formed the EV company, which has filed for bankruptcy twice. Fisker's cars have received praise for their designs but have not been commercially successful.
Declaring that it is "in advanced discussions with financial stakeholders" to secure funding and sell itself, Fisker filed for Chapter 11 in a federal court in Delaware.
Henrik Fisker poses with a Fisker Ocean EV in Los Angeles on June 10, 2022. Photo: Michael Tullberg/Getty Images
A company representative said in a statement, "Like other companies in the electric vehicle industry, we ...
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