Fisker Inc. looks more and more like a car brand on the brink of bankruptcy. Now the Austrian branch is seeking voluntary bankruptcy protection.
On Tuesday this week, Fisker in Austria has confirmed that it has applied for so-called voluntary bankruptcy protection.
The decision has been taken after the factory Magna Steyr, located in the same country, does not expect to ever build Fisker cars again.
Fisker Inc. otherwise owes the factory more money than the brand is currently worth. Even Henrik Fisker's private property, which he has put up for sale, is worth more. Read more about both parts here.
Back at Fisker in Austria, it is believed that the bankruptcy protection will provide the freedom from creditors that the business needs.
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– Bankruptcy protection will make it possible for Fisker Austria to ensure that the company's activities can continue under legal protection, including the payment of wages and the continued sale of cars.
– Fisker Austria intends to continue supplying cars to customers to the extent possible, providing service and updating software 'over-the-air' while the company moves through the restructuring process.
– Fisker's other departments are not covered by the Austrian bankruptcy protection and continue to function as normal, reads a statement .
