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Fisker GmbH (Fisker Austria), a subsidiary of the American electric vehicle maker Fisker Inc., has initiated a self-administration restructuring process under the Austrian Insolvency Code. This legal maneuver, declared on May 7, 2024, in Graz, Austria, is designed to safeguard the company’s business continuity while under court protection. This protection will ensure continued employee compensation and vehicle sales during this period.
Key Highlights:
- Fisker Austria has voluntarily entered into a self-administration restructuring procedure to manage its financial challenges while maintaining business operations.
- This restructuring will not affect other Fisker entities, which will continue their operations as usual.
- The initiative allows Fisker Austria to continue its vehicle deliveries, customer service, and software updates.
The decision for self-administration allows Fisker Austria to take control of its financial reorganization, aiming to optimize strategic transactions or asset sales. This process is particularly crucial as it enables the company to keep delivering vehicles and updating its software, essential for maintaining customer satisfaction and operational integrity.
Despite the restructuring, Fisker Austria remains committed to fulfilling its obligations to customers and maintaining its service standards. The company plans to proceed with its operations, emphasizing the importance of its customer relationships and the quality of its electric vehicles.
About Fisker Inc.: Fisker Inc., headquartered in California, is at the forefront of the electric vehicle industry, focused on innovative and sustainable transportation solutions. The company continues to drive forward with its mission to develop eco-friendly and emotionally compelling electric vehicles, striving for a cleaner and more sustainable future in automotive technology. For more details on their initiatives and offerings, visit Fiskerinc.com.
This restructuring step by Fisker Austria marks a significant phase in the company’s strategy to navigate through financial difficulties while continuing to serve its market and uphold its brand standards effectively.
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