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Express News | Electric autos startup Fisker has been approved for bankruptcy by the court.
The bankruptcy liquidation plan of the electric vehicle company Fisker in the USA has been approved.
According to Reuters on October 12, the electric autos startup company Fisker received court approval for its bankruptcy liquidation plan on Friday. US Bankruptcy Judge Thomas Horan approved Fisker's bankruptcy plan at a court hearing held in Wilmington, Delaware, allowing the company to repay creditors with remaining assets after selling its fleet. Fisker filed for bankruptcy in June due to the failure to reach a production agreement with Nissan on its electric autos. During the negotiations, Fisker's cash flow problems forced it to halt car production and lay off employees. Fisker ultimately chose to
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