Photo: Stichting e-laad
Left with only 25% of its employees and taken to Court for dismissing its workers without advance notice late last week, Fisker is about to file for Chapter 11, also known as “bankruptcy protection”.
According to a report issued by Automotive News, Fisker could be filing for Chapter 11 later this week as the US Department of Energy is pushing the company to pay back the $200 million in government loans.
Fisker Automotive hired law firm Kirkland & Ellis to advise on a possible bankruptcy filling late last month, just a few days after sending the first group of employees on furlough. Last Friday, Fisker dismissed its entire public relations team and even more workers, totaling 160 laid-off employees.
The Anaheim-based EV company struggled to find a buyer, but recent efforts remained unrewarded after Chinese companies Geely and Dongfeng pulled out of the bidding process.
Story via Automotive News
Fisker Automotive hired law firm Kirkland & Ellis to advise on a possible bankruptcy filling late last month, just a few days after sending the first group of employees on furlough. Last Friday, Fisker dismissed its entire public relations team and even more workers, totaling 160 laid-off employees.
The Anaheim-based EV company struggled to find a buyer, but recent efforts remained unrewarded after Chinese companies Geely and Dongfeng pulled out of the bidding process.
Story via Automotive News
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