EV maker Fisker files for bankruptcy after its problematic SUV flops


Failed venture: A file picture of the Ocean EV at the AutoMobility LA Auto Show in Los Angeles. The startup went public in 2020. — AP

NEW YORK: Fisker Inc has filed for bankruptcy, months after the electric-vehicle (EV) startup stopped production of its only model, the oft-malfunctioning Ocean sports utility vehicle (SUV).

The company listed between US$500mil and US$1bil of assets, and between US$100mil and US$500mil of liabilities, in its petition filed in Delaware.

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