Fisker Asks Bankruptcy Court To Let It Sell Thousands Of Ocean EVs At Fraction Of Original Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
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Should l Buy ?
Source: Benzinga
- Fisker Bankruptcy Sale: Fisker is seeking approval to sell 3,321 Ocean electric SUVs at a reduced price of around $14,000 per vehicle in bankruptcy court.
- Sale Details: The sale would be to New York-based American Lease for $46.25 million, significantly lower than the current listed prices on the company website.
- Buyer and Agreement: American Lease initially agreed to purchase 2,100 EVs but later increased the number to acquire Fisker's entire inventory of 3,321 Ocean vehicles.
- Fisker's Bankruptcy: Fisker filed for Chapter 11 bankruptcy with estimated assets between $500 million to $1 billion and liabilities between $100 million to $500 million after failed investment talks.
- Recalls and Investigations: Fisker has faced safety concerns and recalls with its Ocean SUVs, including software issues, non-compliance with safety standards, and problems with outer door handles.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
