Tag: $Fisker

U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, looking to sell its assets and restructure its debt, after succumbing to rapid cash burn to deliver its “Ocean” SUVs in the United States and Europe.

Shares of Fisker Inc. slumped toward a record low Monday, after the electric-vehicle maker disclosed a new financing commitment, but also said it would pause production as it deals with a pile up of inventory.

Fisker  earnings, reported Friday morning, topped analyst expectations, but that was the extent of the good news. Sales were far worse than Wall Street projected.