TECH - Will Fisker's Troubles Ever End? EV Maker Reportedly Lost Millions Missed Filings Due To Lax Procedures — And Now Price Cuts | Benzinga
Beleaguered electric vehicle startup Fisker Inc. reportedly lost millions of dollars in customer payments due to lax internal procedures. This forced an internal audit in December and diverted resources from the company’s sales team during a crucial restructuring period.
What Happened: According to TechCrunch, citing anonymous sources, the company eventually recovered most of the payments, which included down payments and full vehicle prices. However, the internal confusion caused delays in processing these funds.
“Checks were not cashed in a timely manner or just lost altogether. We were often scrambling to find checks, credit card receipts, and any wired funds months after a vehicle was sold,” an anonymous source told TechCrunch.
This disarray reportedly contributed to Fisker’s delay ...