EV maker Fisker to be liquidated under plan to keep owners on the road

Published on 19 Aug 2024 on LA Times · via Yahoo Finance

EV maker Fisker to be liquidated under plan to keep owners on the road

The Fisker Ocean on display at the LA Auto Show on Nov. 19, 2021. (Allen J. Schaben / Los Angeles Times)

Troubled electric vehicle maker Fisker Inc. has reached a settlement with creditors that will allow it to liquidate its assets while working with owners to keep their pricey SUVs on the road.

The company filed for Chapter 11 bankruptcy protection in June after failing to reach a strategic agreement with another automaker that could provide it with more capital and domestic manufacturing capacity.

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EV maker Fisker to be liquidated under plan to keep owners on the road

NYSE.FSR price evolution

Want to become a better investor?

EV maker Fisker to be liquidated under plan to keep owners on the road

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