Electric vehicle maker Fisker Inc. shuts down Manhattan Beach HQ due to financial struggles.

Electric vehicle maker Fisker Inc. is shutting down its main headquarters in Manhattan Beach, California due to financial struggles. The company, which has yet to release a commercial vehicle, has faced cash flow issues throughout 2024. Fisker has warned employees of potential layoffs and even bankruptcy if an investor or buyer does not step in. Workers have been told to prepare for a move to the company's R&D facility in La Palma, California by May 1.

May 06, 2024
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