Fisker, the American electric vehicle startup, has reportedly engaged the services of restructuring advisers in preparing for a possible bankruptcy filing, according to the Wall Street Journal. Sources claim that they have brought on board financial adviser FTI Consulting and law firm Davis Polk for guidance.
Earlier this month, Fisker indicated warning signs of ‘going concern’ risks. It announced potential job cuts and a temporary halt in investments towards future projects. The company stated these measures would be in place until it could secure a manufacturing partnership.
Concurrently, reports surfaced that Nissan was in deep discussions to invest in the EV startup. This move could potentially provide the Japanese automaker with an electric pickup truck. However, Fisker has declined to comment on both the potential bankruptcy filing and the partnership talks.
Source: EV startup Fisker prepares for possible bankruptcy filing, WSJ reports.
