Fisker Inc‘s (NYSE:FSRN) Austrian unit Fisker GmbH on Tuesday voluntarily filed for bankruptcy protection as the beleaguered EV maker continues to struggle to solve its financial issues.
What Happened: The Austrian unit said in a statement that no other entities of Fisker are included in the restructuring. Other entities will continue to operate in the ordinary course, it added.
“A self-administered restructuring proceeding allows Fisker Austria to protect its business while it conducts a value-maximizing strategic transaction or other sale of assets,” the unit said while adding that it will ...