Wednesday, April 24, 2024

Fisker Eyes Bankruptcy, Slashes Staff

Troubled Los Angeles-based automotive company Fisker Automotive indicated in a regulatory filing on Tuesday that it is in a liquidity crunch, which "raises substantial doubt about its ability to continue as a going concern", and indicated that it could file for bankruptcy within the next 30 days. The company also indicated in the filing that it intends to "further reduce" its workforce and "streaming its operations", including "reducing its physical footprint" in an effort to control costs.