The question haunting Fisker’s bankruptcy

Quick Summary:

Fisker reached an agreement with Heights late Sunday to spend the next three weeks hammering out a settlement on how to liquidate its assets.

The DOJ objected on behalf of the National Highway Traffic Safety Administration, writing that a conversion to a Chapter 7 case “risks public safety” because it could thwart Fisker’s attempts to remedy multiple active recalls.

He also said Heights has been “very restrained” in the face of a lot of “invective on the record” about the firm’s relationship with Fisker.“I don’t think we need to belabor the point here today, and I really don’t want to, honestly.

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Article Details

Author / Journalist: Sean O'Kane

Category: Technology

Markets: United StatesAustriaIndiaJapanJordan

Topics: Fisker Assets Been Hearing Startup Case Chapter Heights Weeks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 21:51:41 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1770 words

Reading Time: 10 minutes read

Sentences: 71 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21839005

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