Fisker Halts Production Amid Financial Crisis, Seeks $150M in Funding

The electric vehicle startup Fisker Inc. pauses manufacturing for six weeks as it faces potential bankruptcy, aiming to secure additional financing and negotiate with major automakers.

Fisker Inc. has paused its electric vehicle production for six weeks due to financial struggles and a potential bankruptcy.
The company is in negotiations with a large automaker for a possible investment or partnership.
Fisker failed to make an $8.4 million interest payment and is utilizing a 30-day grace period for discussions on its capital structure.
The startup aims to raise up to $150 million through the sale of convertible notes to stay afloat.
Fisker's stock has plummeted, trading at 15 cents per share, significantly below its peak value.