American EV upstart Fisker has filed for Chapter 11 bankruptcy in a Delaware court, marking an end to its attempts to succeed with an affordable SUV in a cut-throat market. ‘We have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,’ the company said in an official statement, adding that a sale of assets is the only viable option ahead for the brand. Fisker’s hiccups have been no hidden secret in the EV industry,
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