Fisker Stock Alert: Fisker Files for Ch. 11 Bankruptcy

The electric vehicle (EV) company made a luxury EV for a market that was quickly moving on to lower-priced merchandise. Fisker is the second failed car start-up for founder Henrik Fisker, a Danish engineer known for designing luxury cars. His first effort, Fisker Motors, went under in 2013. It got a $509 million federal loan in 2009 to make the Karma, a hybrid sports sedan. Ocean production began in 2022 through Magna International (NYSE:MGA), a contract manufacturer. At the time, Fisker claimed it had a lo ...