New dark clouds appear to be hanging over Fisker, with the electric vehicle startup hiring restructuring advisers to explore the possibility of filing for bankruptcy, according to the Wall Street Journal.
Fisker stated in its previous 2023 financial report that demand for the Ocean model was sluggish. At the same time, the financial report also mentioned “unexpected resistance” and “many unexpected challenges.” The company said that 2024 will be “another difficult year” as they expect to deliver around 20,000 Ocean models globally.
But that’s just a drop in the bucket, and Fisker expressed doubts about their ability to continue as a going concern. This is because their “business plan is highly dependent on a successful transition to a new reseller partner model” and their “current resources are insufficient to meet requirements over the next 12 months.”
According to the report, the company confirmed that it is in talks with “a major automaker about a potential transaction that may include investing in Fisker and jointly developing one or more electric vehicle platforms.”
It is rumored that the car manufacturer may be Nissan, but it is not known whether the negotiations will be successful. Foreign media said Fisker has hired consultants to explore the possibility of filing for bankruptcy.
