Fisker Group, an electric vehicle manufacturer, filed for Chapter 11 bankruptcy due to market and macroeconomic challenges.

Fisker Group Inc., an electric vehicle manufacturer, filed for Chapter 11 bankruptcy protection, citing market and macroeconomic challenges. The company, founded by Henrik Fisker, listed estimated assets between $500 million and $1 billion and liabilities between $100 million and $500 million. Fisker has faced difficulties in producing its vehicles and securing necessary funds, leading to a reorganization process.

June 18, 2024
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