Fisker Seeks Court Approval to Sell EVs at Steep Discount

The bankrupt automaker aims to offload 3,321 Ocean SUVs to a New York leasing firm to generate crucial funds.

Fisker plans to sell the vehicles for an average of $14,000 each, down from original prices up to $70,000.
The sale to American Lease is valued at $46.25 million and includes various conditions for vehicle condition.
The deal is vital for Fisker to meet essential business expenses and avoid a chaotic liquidation.
Fisker's bankruptcy has led to multiple recalls and concerns over long-term support for vehicle owners.
The court hearing for the sale approval is scheduled for July 9, with objections due by July 8.