Electric Car Startup Fisker is Preparing for Bankruptcy

YouTube channel recently at MKBHD world famous content producer Marques Brownlee smitten by and “The weirdest, worst vehicle he’s ever examineddescribed as ” fiskeris making preparations to file for bankruptcy with the support of a restructuring expert.

Fisker, together with financial consultancy FTI Consulting and Davis Polk Law Firm, for a possible bankruptcy filing. He began work. For now, there has been no official statement from the company on the issue, and Fisker also rejected questions on this subject. On the other hand, the bankruptcy decision is not surprising for those who have knowledge about the current situation of the company.

YouTube video is not the only reason

He previously made a statement to investors. Fisker managementannounced that they did not have enough money in their safes to survive 2024 and decided to lay off 15% of their employees. Although Fisker has always had economic problems, the collapse of its shares due to both the collapse of its supporting companies and the general lack of trust in the company also affects its bankruptcy decision.

Earlier this month, Fisker, pointing out the ongoing risks, made layoffs and announced that it was suspending its project investments until it found a manufacturer to partner with. According to news from sources close to the subject Nissanis in talks with Fisker for electric pickup trucks. Depending on how that deal progresses, Fisker may be acquired by the Japanese company rather than going bankrupt.