Manufacturing

Fisker files for U.S. bankruptcy after cash burn, quality issues with Ocean crossover

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Fisker founder Henrik Fisker inspects one of the earliest Fisker Oceans to roll off the assembly line at Magna Steyr's plant in Graz, Austria. (MAGNA STEYR)
June 18, 2024 09:11 AM

Electric vehicle startup Fisker filed for Chapter 11 bankruptcy protection late on June 17 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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