Friday, May 24, 2024

Fisker will seek bankruptcy protection within 30 days

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.

READ ALSO: The man behind the iconic Top Gear tune is dead

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.

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

Latest

Don't miss

Randers Cowboys write song for famous car party

Again this year, the Danish car festival DHB -...

42-year-old arrested for driving tractor on highway in reverse gear

A 42-year-old man came the wrong way down the...

New figures: These electric cars lose the most in value

It doesn't matter which car you invest in. Not...

90 percent of drivers may want to consider an electric car in 2033

According to a new survey, motorists who are currently...

Metallica introduces electric transport together with IVECO

Can you be heavy metal and at the same...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

The Toyota GR Yaris costs almost DKK 800,000 in Denmark

It is so expensive that it is doubtful whether Toyota will even sell any here at home. Nevertheless, the importer is now opening for...

Bugatti is considering gas stations as an option

When it comes to Bugatti's customers, it is hardly the economy that sets limits on the optional equipment list. There may come a day...

Opel recalled 9,800 cars with embarrassing fault

Exactly how the error occurred is uncertain. But Opel had to check almost 10,000 cars for wrong chassis numbers. Even with the high technology...

Acquitted of drug cartel: Mother-in-law's coffee was to blame

Last year, a now 31-year-old Swedish man was fined 5,000 kroner for drunk driving, but then he blamed his mother-in-law's coffee. And now the...

20-year-old arrested – hid 22 camera traps under his bed

A wave of thefts that have hit a number of Swedish speed cameras may have been solved. The police found the cameras under a...

Polestar rejects new trend – "not in our cars"

Several new cars - and not just those that run on electricity - are a sea of light in the cabin. Polestar doesn't want...

Investigation: Critical failure will be fewer in new electric cars

Since 2016, less than one percent of all electric cars have had their battery pack replaced because the capacity has dropped to an unacceptable...

Admitting joke – dead car brand does not come back

Pontiac is long since dead and buried as a car brand. Still, an ad in a print automotive magazine gave some fans false hope....

Volvo will build trucks that burn hydrogen

BMW and Toyota are experimenting with it - and now Volvo is jumping on the bandwagon when it comes to burning hydrogen. If the...

New figures: These electric cars lose the most in value

It doesn't matter which car you invest in. Not even if it has to run on electricity. At least not if the goal is...

Volkswagen blames EVs for ID.7 decision

The all-electric Volkswagen ID.7, which is the same size as the Passat, should have actually been out in North America. But now the car...

New Kia EV3: See pictures and specifications here

Here you can read everything about the new Kia EV3, which has just been presented. Get all the data, pictures and specifications in the...
footer.txt Viser footer.txt.