Thursday, July 25, 2024

Fisker Inc. is dead – the car brand owes DKK 6 billion away

Fisker Inc. looks like a dead herring. The brand, led by Danish Henrik Fisker, has entered into an advance agreement that clears stock of 4,300 cars.

Fisker Inc. looks like a collapsed business. The car brand owes 850 million dollars, equivalent to 6 billion kroner.

And last Friday, it emerged in the US bankruptcy court, which is handling the car brand's request for bankruptcy protection, that Fisker's real assets are 4,300 Ocean models that have been stored in warehouses around the world.

At the hearing in the bankruptcy court, Fisker's lawyer Brian Resnick acknowledged that 'the company does not currently see itself in a position to obtain financing', and 'that it is therefore moving in the direction of a liquidation on top of the sale of its assets'.

In other words – Fisker closes his business. However, Brian Resnick says at the same time that a preliminary agreement has been concluded with one buyer who will purchase all 4,300 cars. Read more about it here .

READ ALSO: After bankruptcy protection – Henrik Fisker speaks out

According to the Reuters news agency, Fisker's two largest creditors are currently arguing about who has contributed to the funds that the closure of the car brand could possibly release. In the probate court it was, among other things, said that Fisker should have already applied for bankruptcy protection back in November last year.

However, the reality is, as you know, something else. All in all, Fisker has lived a somewhat tumultuous life for the past long while.

Back in February this year, Henrik Fisker said that his car company will be asking for money within 12 months if it fails to find further investment. It didn't happen.

Instead, production of Fisker Ocean came to a standstill. And the factory in Austria was left with an expected loss of several billion kroner and layoffs for 500 workers. Read more about it here .

Read more exciting news from and about the world of cars right here!

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