Fisker Inc., which was founded by Danish Henrik Fisker, presented its annual accounts on Tuesday. And it is grim reading. Bankruptcy protection is notified.
The car brand Fisker is losing money faster than expected.
This reveals the annual accounts that the brand presented on Tuesday this week. Here it also appears that Fisker Inc. will seek bankruptcy protection within 30 days.
A bankruptcy protection will give Fisker Inc. the right to save the business, or at least try to, during a period when investors cannot steer the car brand.
This is written by the media TechCrunch .
Although Fisker Inc. has turnover of just under 2 billion Danish kroner, the bottom line ends up showing a loss of 939 million dollars. This corresponds to 6.54 billion Danish kroner.
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In the annual report's section on the car brand's continued operations, Fisker Inc. writes that it will not be able to continue operations at this time.
In the short term, there simply isn't enough money. Therefore, the number of Fisker stores must also be cut. Just as operations generally need to be optimized.
This means, among other things, that the car brand will make further layoffs among the 1,150 employees who remain on the payroll. And this is where bankruptcy protection comes into play.
Because if Fisker does not manage to provide 'sufficient capital' so that it can meet the current obligations, protection will be sought against the creditors within 30 days from the publication of the annual accounts.
Shortly before the publication of the annual accounts, it emerged that Fisker Inc. has been thrown off the stock exchange in New York. The following day it emerged that the car brand has agreed with its investors to postpone debt repayment until 1 May.
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