Bad news for Magna in Graz: Fisker, the floundering electric car start-up, has failed in its search for a partner. Fisker had already stopped production for its “Ocean” in Graz in March. At Magna, a low four-digit number of jobs are at risk.
The US electric car startup Fisker has failed in its search for a partner. The company announced on Monday that negotiations with a car manufacturer (rumored to be Nissan) had been broken off. Strategic options are now being examined, including in-court or out-of-court restructuring or capital market transactions. Hedge fund manager Thomas Hayes said this makes it more likely that Fisker will seek protection from creditors. Shares have lost 90 percent of their value Since the beginning of the year, Fisker shares have lost 90 percent of their value. In mid-March, the company stopped production of its Ocean model, which is manufactured at Maga in Graz, until a partner was found. Fisker has been in financial difficulties for a long time and, according to a report, is preparing for possible bankruptcy. At Magna, it is rumored that the complete loss of Fisker production would put a low four-digit number of jobs at risk.
source site-12