EV Fail: Fisker, Once Promoted by Joe Biden, Joins the List of Electric Vehicle Bankruptcies

US electric vehicle maker Fisker filed for bankruptcy protection after being hit by a rapid cash burn while it tries to deliver its ‘Ocean’ EVs in the US and Europe

By -- Reuters—— Bio and Archives--June 20, 2024

News in Brief—News Headlines | Comments | Back To Full Article

Fisker, once considered a competitor of Tesla in the EV market, has filed for Chapter 11 bankruptcy protection, seeking to restructure its debt and sell assets in an effort to salvage its operations.

Reuters reports that the EV market has proven to be a challenging landscape for many companies, with Fisker becoming the latest to succumb to the pressures of weakening demand, fundraising difficulties, and supply chain issues. The company, founded by automotive designer Henrik Fisker, joins the ranks of Proterra, Lordstown, and Electric Last Mile Solutions, all of which have filed for bankruptcy in the past two years. ---More...

Read Full Article...

Welcome to CFP’s Comment Section!

The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.

Big Tech and Big Media are gunning for the Conservative Voice—through their Comment Sections.

Canada Free Press wishes to stay in the fight, and we want our fans, followers, commenters there with us.

We ask only that commenters keep it civil, keep it clean.

Thank You for your patience and for staying aboard the CFP ‘Mother Ship’.

READ OUR Commenting Policy

CFP Disqus Comments