Tag: Bankruptcy

Fisker filed for bankruptcy to sell assets and restructure debt after financial struggles producing "Ocean" SUVs. Facing cash shortages, supply chain problems, and failed investments, Fisker joins other bankrupt EV makers recently. Fisker paused production, cut...

CEO Espen Digernes revives Cake, acquiring the electric motorcycle company after its 2023 bankruptcy. Ytterborn attributes Cake's decline to societal shifts and recession, unveiling multifaceted challenges. Acquisition details raise queries on staff payments, excluding subsidiaries and...

Luxor Capital Group in talks to save bankrupt Volta Trucks, preserving UK jobs. Volta, known for the Volta Zero, filed for bankruptcy last month in Sweden. Luxor's potential acquisition aims to address challenges, including Proterra's bankruptcy. Hedge...