Fisker electric car startup, which filed bankruptcy, plans liquidation to sell 4,300 electric SUVs and assets to repay $850M owed to bondholders.

Electric car startup Fisker, which filed for bankruptcy, is preparing for liquidation. The company, which owes $850M to bondholders, plans to sell its 4,300 electric SUVs and other assets in an attempt to recoup funds. Fisker's liquidation sale aims to repay bondholders but may only fetch a fraction of the owed amount. This marks the second automaker controlled by Henrik Fisker to go bankrupt.