Is Fisker already going under?

According to American media, things are not looking good for Fisker, an American rival to Tesla. Well-informed sources have told The Wall Street Journal that the brand has a number of… consultants, specializing in bankruptcy, have taken in hand. What? Will the ax soon fall on the brand that claims to build the world’s most sustainable SUV?

Fisker himself has sent a statement that claims there are ‘serious doubts’ about the continued existence of the brand. It has already announced that it is cutting 15% of its workforce, but the situation has reached a point production has been stopped. And that for at least six weeks.

Urgent improvement is needed

Last week, the company was supposed to pay $8.4 million in interest, but that was not resolved. Could still use one postponed for one month. The company currently has $120 million in cash after paying its suppliers. At the same time last year, its financial position was $ 325 million, and a year earlier it was $ 736 million. So that works not in the right direction.

A bright place is capital injection from an existing investor who at the sweetness of 150 million dollars cross the bridge. It does not seem sweet, but it is, because it is not enough to guarantee the future of a young manufacturer. For this it requires an additional budget, it must have one alliance with another car brand or increase sales of its Ocean SUV. The latter becomes difficult with a production line that has stopped.

Will Nissan offer a rescue?

In recent days, eyes have turned more towards the East, especially towards … Nissan. Reuters news agency reported that both sides are in advanced talks about cooperation. The contract would include one financial life which the Japanese gave us in exchange for an electric pickup that Henrik Fisker would design and build for Nissan.

That would be one Japanese version are for Alaska which Fisker launched in the summer of last year. However, about the lifebuoy Nissan Increasing doubts are emerging now that the company has announced that it is entering a merger and its rival Hondafor the development of an electric range and a joint offensive on the Chinese market.

What about customers in the event of bankruptcy?

Last year Fisker sold nine copies of Bahari in Belgium, and 1,349 units across Western Europe. This affected customers they are not in good shape in the event of bankruptcy. Auto brands are generally responsible for supplying parts for up to ten years after ceasing operations. When Daihatsu and Mitsubishi disappeared from Europe, they were able to fill the gap, and after the collapse of Saab, parent company General Motors took over. But Fisker stands alone. If the company fails to save itself, its loyal customers will suffer from the start left in the cold. And an SUV whose residual value will drop and which will be at least new 43.900 euros had to give.

If Fisker doesn’t, so be it the fourth time already that is the company of a former car designer Henrik Fisker is going bust. His first attempt, a custom construction company for luxury clients, started in 2005 and lasted for two years. His second best-known attempt, which gave birth to the famous Karma – which still lives as Karma Automotive after taking over China – stumbled, among other things, on the insurance issue after the passage of Hurricane Sandy in 2013. The third attempt was VLF Automotive, which after the production of five units throwing fabric.

In an official announcement, the company announced that it is hiring advisors An regular exercise which does not immediately explain bankruptcy quickly. All brands are built at Magna’s independent assembly plant in Graz, Austria.

Looking for a car? Find, find and buy the best model on Gocar.be

What will your next car be?