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The fight over Fisker's assets is already heating up | TechCrunch

The fight over Fisker's assets is already heating up | TechCrunch

Fisker is just days away from filing for Chapter 11 bankruptcy, and its assets have already been charged with fighting, with one lawyer claiming the startup is liquidating assets “outside of court oversight.” Is. At issue is the relationship between Fisker and its largest secured creditor, Heights Capital Management, an affiliate of financial services company […]

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Tesla makes Musk best-paid CEO of all time and Fisker bites the dust | TechCrunch

Tesla makes Musk best-paid CEO of all time and Fisker bites the dust | TechCrunch

Welcome to Startups Weekly — HajiA weekly recap of everything you can't miss from the world of startups. Sign up Here to receive in your inbox every Friday. Elon Musk Just persuasion Tesla Shareholders will approve his $56 billion pay package, Making him the highest paid CEO in history – assuming he can dodge a […]

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Fisker faced financial distress as early as last August | TechCrunch

Fisker faced financial distress as early as last August | TechCrunch

According to a new filing in its Chapter 11 bankruptcy proceedings, Fisker was facing “potential financial distress” as early as last August. started earlier this week. The entry provides a vivid picture of Fisker's difficulties in 2023 as he struggled. Extend delivery of its flagship Ocean SUV, despite assurances to the public from then-CEO Henrik […]

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Fisker failed because it wasn't ready to be a car company | TechCrunch

Fisker failed because it wasn't ready to be a car company | TechCrunch

Two years ago, I was an employee Fisker Inc. The biggest worry inside the EV startup wasn't whether its Ocean SUV would make it, I'm told. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna. The startup's November 2022 production launch target was aggressive, but not impossible for a […]

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Fisker cuts hundreds of workers in bid to keep EV startup alive | TechCrunch

Fisker cuts hundreds of workers in bid to keep EV startup alive | TechCrunch

Struggling EV startup Fisker has laid off hundreds of employees in a bid to survive, as it continues to prepare for funding, buyouts or bankruptcy. Workers suspected the layoffs were coming after the company instructed everyone to work from home on Wednesday — an out-of-character directive, according to several current and former employees. The layoffs […]

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