Automakers

EV startup Fisker files for bankruptcy amid cash burn, quality issues

Fisker Ocean
Production of the Fisker Ocean SUV was halted in March of this year at Magna Steyr in Austria. (BLOOMBERG/Bloomberg)
R
By:
Reuters
June 18, 2024 06:42 AM

Electric vehicle startup Fisker filed for bankruptcy protection in the U.S. after months of quality issues with its Ocean crossover, a failed attempt to partner with a major automaker and hundreds of millions of dollars in losses.

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