After the bankruptcy of the American electric car manufacturer Fisker, the German subsidiary has come to an end. Insolvency administrator Michael Jaffe announced on Monday that “there is no longer any operational basis for German Fisker GmbH, which is exclusively entrusted with sales duties.” Nearly 40 employees have already been laid off.
The statement said that the German subsidiary’s sales activities had “already largely ceased as a result of the cessation of production at the American parent company prior to the filing for bankruptcy.” There is now “no prospect of continuation.” In addition, “significant returns” are not expected from the exploitation of “relatively minor” business assets.
The American company declared bankruptcy last June. In July, German company Fisker GmbH also filed for bankruptcy. Gavi said on Monday that initial estimates put its liabilities at more than 41 million euros. At the start of the insolvency proceedings in July, there were no “liquid assets” available.
