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Danish designer Henrik Fisker’s Fisker company, which went bankrupt back in 2013 but was revived with the support of Austrian Magna Steyr, is in trouble again. Production of Ocean crossovers at the Graz plant has been stopped for six weeks due to the fact that the company is running out of funds in its accounts. Assembly will not be carried out until new arrivals.

Reuters writes that Fisker is currently looking for a partner due to its precarious position: at the end of last year, the company’s net loss grew from $547 million to $762 million, and available funds in its accounts decreased from $737 million to $325 million. Currently, Fisker has about $120 million left, which is not enough to pay for the production of cars at the Austrian plant.

Fisker Ocean production volumes are several times lower than expected. Instead of the planned 42 thousand cars in 2023, a little more than 10 thousand rolled off the Magna Steyr assembly line. Less than half of this was shipped to customers – 4.7 thousand crossovers. In 2024, things got even worse: in January there was no production, and from February to mid-March about a thousand electric vehicles were assembled. After this, production was stopped again due to Fisker’s insolvency.

According to rumors, Japanese Nissan can save the company, but there is no official confirmation of this. Meanwhile, news emerged that Fisker had already begun consulting with lawyers regarding possible bankruptcy.

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