Following recent reports that Fisker, a California-based EV automaker, has been preparing for a possible bankruptcy filing, yesterday the embattled automaker announced that it is suspending all manufacture of its vehicles.
“Fisker will pause production for six weeks starting the week of March 18, 2024, to align inventory levels and progress strategic and financing initiatives,” the company said in a statement, reported several media outlets, including Wired.
For its part, the company had issued a press release earlier in the week saying, "Fisker is focused on raising additional capital and engaging in a strategic partnership with a large automaker. The company is also continuing to pursue its shift to a Dealer Partnership model in both North America and Europe. The leadership team is laser-focused on these efforts."
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