Fisker Explores Bankruptcy Options Amid Financial Struggles

Fisker, the electric vehicle startup, has enlisted the expertise of restructuring advisers as it contemplates the possibility of filing for bankruptcy, as reported by the Wall Street Journal. 

Sources familiar with the matter revealed that the company had engaged financial adviser FTI Consulting and law firm Davis Polk to navigate potential restructuring efforts.

Concerns Over Viability and Investment Pause:

Earlier this month, Fisker issued warnings about its viability, signaling job cuts and a temporary halt in investments toward future projects until it solidifies a partnership with a manufacturing entity. 

These developments underscore the challenges facing the company as it grapples with financial instability.

Nissan’s Potential Investment and Collaboration with Fiskar:

In a bid to alleviate its financial woes, Fisker has been discussing a potential investment deal with Nissan. 

Notably, this collaboration could grant Nissan access to Fisker’s electric pickup truck offering, according to sources cited by Reuters earlier this month. Despite these negotiations, Fisker’s precarious financial situation overshadows its prospects.

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