Fisker pauses production with just $121 million in the bank

This post is by Sean O’Kane from TechCrunch

EV startup Fisker is pausing production of its electric Ocean SUV for six weeks as it scrambles for a cash infusion. The company said in a Monday morning regulatory filing that it had just $121 million in cash and cash equivalents as of March 15th, $32 million of which is restricted or not immediately accessible. […] © 2024 TechCrunch. All rights reserved. For personal use only.