California-based EV maker Fisker, once valued at $8 billion, has received court approval to sell its cars at a significant discount as it navigates bankruptcy. Founded by Henrik Fisker, the company filed for bankruptcy last month after failing to find a buyer. Both Henrik and his wife have taken significant pay cuts to reduce costs.
A federal bankruptcy court judge recently approved Fisker’s request to sell over 3,000 Ocean SUVs to American Lease for approximately $46.25 million, a fraction of their market value. The company faced challenges with recall inspections and negative reviews, leading to a sharp decline in stock price and delisting from the New York Stock Exchange.
Amidst the Fisker bankruptcy situation, the company aims to sell its unsold Ocean SUVs to ride-hailing services like Uber and Lyft at 80% below market rate to raise cash and meet debt obligations.
As Fisker works through these financial challenges, car owners everywhere face their own set of difficulties when it comes to vehicle repairs after an accident. Ensuring your car is repaired by a trusted collision center is essential for safety and peace of mind. Collision Connect can help you locate reliable collision centers in California that provide top-quality care for your vehicle. Find a shop today to get your vehicle back on the road safely.
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