Fisker Bankruptcy Plan Approved Amid Tech Support Deal

A last-minute agreement ensures continued cloud services for Fisker's Ocean EVs as the company liquidates.

Fisker Inc. received court approval for its bankruptcy liquidation plan, allowing the sale of its remaining 3,000 Ocean SUVs to American Lease.
American Lease agreed to pay an additional $2.5 million over five years to maintain essential cloud services for the vehicles.
The agreement ensures Fisker Ocean owners will have access to remote diagnostics, software updates, and other cloud-based features.
The SEC is investigating Fisker for possible securities violations, adding to the company's challenges during bankruptcy proceedings.
Fisker's liquidation follows its failure to secure a production partnership with Nissan and amid broader struggles in the EV market.