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EV Startup Fisker Files For Bankruptcy Amid Cash Burn

Published by Daily Independent on Tue, 25 Jun 2024


Electric vehicle startup Fisker filed for bankruptcy protection in the United States (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. The companys operating unit, Fisker Group, filed for Chapter 11 bankruptcy in Delaware on June 17, []
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