Fisker now expects to go bankrupt within 30 days
Fisker now expects to go bankrupt within 30 days
Unless it gets relief from creditors or it can raise some extra cash in the meantime.
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and then abruptly cut its price so it could quickly get rid of existing inventory.
Why would anybody buy a new car that has no future of warranty or parts availability?
You can buy like 2-3 for the price of one. If you didn’t need to worry about software issues it would be a good purchase.
If you’re looking for a good chassis and powertrain with no need for anything g else it might make sense.
If it's cheap enough, someone will buy. I'm interested to know how it'll work in this case though.
They'll get bought out by somebody. How that looks as far as warranties and such...who knows.
Someone will wait for them to go bankrupt first. Poach any staff they need, and leave the rest to unemployment.
Well, they'll certainly get bought for pennies for sure. My guess is that someone will offer BEFORE the bankruptcy, because nobody wants the extra admin overhead and cost of dealing with a subsidiary in bankruptcy. That's why the company is putting out PR in the first place. Kind of like a "Make an offer now before it gets worse" kind of thing to any interested parties.
If you let them go bankrupt first then you can buy cheaper, and don't need to let go of a bunch of surplus employees. I think it'll be about the bottom line. I guess it all depends on the price and any likely competition for the purchase.
You can buy for the same price regardless. The difference is having a newly acquired company in the courts.
If they've gone bankrupt and sold their office space and laid off their staff then it's definitely not going to cost the same.
some rich hobbyist engineer/mechanic might buy one for parts. So they can use the parts to convert a ICE car into an EV