Monday, March 18, 2024

Fisker Automotive Pauses Production As It Seeks Funding

Los Angeles-based electric vehicle maker Fisker Automotive says it has paused all ofits production for six weeks to "align inventory levels and progress strategic and financing initiatives", as the company runs low on cash. The pause comes as Fisker is attempting to raise funding to continue operations. The company said it is "continuing negotiation with a large automaker" for a potential investment.