EV maker Fisker files for Chapter 11 bankruptcy due to market and macroeconomic challenges.

Electric vehicle (EV) maker Fisker has filed for Chapter 11 bankruptcy protection, citing "various market and macroeconomic headwinds" that have made it challenging to operate. Founded by Henrik Fisker, the company had struggled with financial turmoil, cutting production targets for its flagship Ocean SUV, and facing a loan repayment default. Despite delivering over 6,400 vehicles, the company has faced difficulties in the electric vehicle sector, which has experienced challenges related to supply chain problems and flagging demand.

June 18, 2024
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