Electric SUV maker Fisker files for bankruptcy [CNN]
General Motors Company (GM)
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Source: CNN
The company had already warned it was in trouble. When it published quarterly earnings in February, it said it might not have enough money to survive another year. Fisker added then that it was in discussions with an existing investor about possibly putting more money into the company. On Tuesday, a Fisker spokesperson said in a statement : “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently.” While growth in global EV sales is slowing, Fisker has also grappled with its own problems. Its sole product is the Fisker Ocean electric SUV. Last year, around 10,000 of the SUVs were made but only about half had been delivered to customers, the company said in its earnings report in February. The Ocean was also the subject of a review that month by American YouTuber Marques Brownlee titled, “This is the Worst Car I've Ever Reviewed.” “Do not buy this version of the Fisk
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