Fisker Cleared to Sell 3,100 Ocean EVs for $46.25 Million Amid DOJ Objection

Jul 16, 2024, 09:44 PM

Fisker has received approval from the bankruptcy court to sell its remaining fleet of approximately 3,100 Ocean electric SUVs to a New York leasing company for $46.25 million. This decision marks a significant milestone in Fisker's bankruptcy proceedings and has the support of the unsecured creditors. However, the sale has faced objections, notably from the DOJ’s Office of the U.S. Trustee. Additionally, Fisker's lone secured creditor is pushing to convert the case to a Chapter 7 liquidation, which would involve selling off all remaining assets. A crucial hearing to address these issues is scheduled for tomorrow.