Fisker secures court approval for bankruptcy plan and vehicle liquidation

Fisker has received court approval for its bankruptcy liquidation plan, allowing it to sell its remaining inventory of about 3,000 Ocean SUVs for $46 million. This follows a court hearing in Wilmington, Delaware. The company filed for bankruptcy in June after failing to secure a partnership with Nissan and facing cash flow issues. Fisker will liquidate its operations, selling its vehicle fleet to American Lease and transferring its intellectual property to creditors. A last-minute issue arose regarding the transfer of essential data and tech support services. American Lease agreed to pay an additional $2.5 million over five years to resolve this, ensuring continued support for both new and existing Fisker Ocean owners.