EV maker Fisker files for Chapter 11 bankruptcy

Tue, Jun 18, 2024, 7:39 AM

EV company Fisker (FSRN) has filed for Chapter 11 bankruptcy, listing between $500 million to $1 billion of assets and $100 million to $500 million of liabilities. The New York Stock Exchange (NYSE) delisted Fisker in March over its "abnormally low" stock price.

Yahoo Finance's Morning Brief team reports on FIsker's filing and the inherently competitive nature of the electric vehicle landscape.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.