• 21.07.2024

    TOP AUTO NEWS

    Auto news from China

    Fisker Seeks Approval to Sell 3,000+ Electric Crossovers to Rental Company

    Jul 7, 2024

    According to foreign media reports, Fisker has asked the bankruptcy judge in charge of its Chapter 11 bankruptcy proceedings to approve the sale of over 3,000 Ocean electric crossover vehicles in its inventory to a car rental company for about $14,000 each.

    Fisker Seeks Approval to Sell 3,000+ Electric Crossovers to Rental Company

    Prior to filing for bankruptcy protection last month, Fisker encountered logistical issues while selling the Ocean electric crossover, burning through a significant amount of funds earlier this year before shifting to a dealer partnership model. Some models of the Ocean were originally priced at around $70,000, but as Fisker faced bankruptcy, the company lowered the price of the cheapest model to around $25,000 to raise funds to repay debts. On May 30, just two weeks before Fisker filed for Chapter 11 bankruptcy protection, a U.S. leasing company agreed to purchase 2,100 Ocean electric vehicles, increasing the order to all 3,321 Oceans available for sale a month later. The U.S. leasing company offers long-term leasing or short-term rental services for ride-hailing drivers in New York City and its surrounding areas. Last year, New York City mandated that by 2030, ride-hailing fleets in the city must transition to zero-emission or wheelchair-accessible vehicles.