By Bob Walsh
Last night Fisker filed for Chapter 11 bankruptcy
protection in Delaware. The filing lists assets somewhere between $500
million and $1 billion and liabilities from $100 million to $500
million. They hope to be able to sell off assets and continue
operating. That has about as much chance of being successful as Howie
does of being elected the next pope. They went thru a ton of cash in an
attempt to get their Ocean SUV up off the ground. They were less than
successful in that endeavor.
EV
startups Proterra, Lordstown and Electric Last Mile have gone down in
flames in the last two years. Almost all major manufacturers of
internal combustion vehicles are cutting way back on their EV
production.
It was widely speculated that Fisker was looking seriously at some sort of deal with Nissan that fell thru recently.
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