Get the latest tech news
Fisker bankruptcy hits major speed bump as fleet sale is now in question
Fisker's Chapter 11 bankruptcy has hit a major snag, as the company buying the startup's remaining fleet of electric SUVs says it might not complete the
Fisker’s Chapter 11 bankruptcy has hit a major snag, as the company buying the startup’s remaining fleet of electric SUVs says it might not complete the purchase because of a surprising technical issue. Fisker needed that money to keep itself alive long enough to settle its debts and also prepare to liquidate what it says is around $1 billion in assets that were, until recently, under control of an Austrian subsidiary that was going through its own insolvency process. The Department of Justice filed an objection on behalf of the National Highway Traffic Safety Administration that claimed Fisker’s attempt to make owners pay for certain recall repairs is illegal.
Or read this on TechCrunch
