Fisker has filed for bankruptcy, bringing an end to months of attempts to rescue the electric car start-up.
The firm raised concerns over its ability to continue operations in February 2024, having made a loss of $463.6m during the fourth quarter of last year.
In March, it paused production of the Ocean SUV and halted development of the smaller Pear hatchback while it sought a rescue deal with a “large auto maker”.
Talks with that manufacturer, widely understood to have been Nissan, collapsed.