Fisker Inc. is on the verge of bankruptcy, but has now received a judge's word that you can sell 3,200 cars at once. Some of them at something close to scrap price.
Fisker Inc. choirs on the brink of bankruptcy. But now the car brand has been allowed to fulfill the agreement that was made earlier this month with the American leasing company American Lease.
The agreement brings Fisker Inc., which sought bankruptcy protection in June, 46.25 million dollars, corresponding to 313 million kroner.
That's what SFGate writes.
Money that creditors with more than 160 claims against the car brand have to fight to get a share of. However, at least one creditor got his money back. It happened immediately because Fisker's subsidiary in Sweden went bankrupt.
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The creditor reportedly ordered the Fisker top to empty Fisker AB of money just 10 days before the bankruptcy. Read more about it here .
The 3,231 cars that Fisker has now been given the go-ahead to sell are all in North America. That is, in the United States or Canada. The cars have already been sorted by condition and then divided into three categories.
The cars that are in so-called good condition will be paid DKK 112,000 by American Lease, which makes a living by leasing cars to carpooling services such as Lyft and Uber. Cars with damage are paid just under DKK 22,000, and cars that are worse than that go for DKK 17,000.
Fisker will initially deliver 1,500 of the cars. You get DKK 136 million for that. However, it is not all the money that the creditors are allowed to fight over. Some of the funds will go to pay the last of Fisker's employees who are still working with software development.
However, the software updates are primarily aimed at cars that now go to American Lease. It is far from certain that private Fisker owners will ever get their cars updated again.
Where the money for the last cars will be sent and to whom it will go is uncertain. Fisker's largest creditor is the capital fund Heights Capital Management. Here, they believe they have more than DKK 3.2 billion to their credit.
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