Bankrupt California EV maker Fisker is selling its inventory of luxurious cars for enormous discounts as it clambers for cash

Bankrupt California EV maker Fisker is selling its inventory of luxurious cars for enormous discounts as it clambers for cash Company was granted the right to sell vehicle fleet at massive discounts Fisker filed for bankruptcy last month after attempts to find a buyer failed The CEO and his wife each voluntarily reduced their salaries to cut costs By Stephen M. Lepore For Dailymail.Com Published: 23:58 BST, 22 July 2024 | Updated: 23:58 BST, 22 July 2024 e-mail View comments A California EV maker once worth $8 billion has been granted the ability to sell their cars at a massive discount as they're desperate to raise cash.

Fisker is the second automaker by famed car designer Henrik Fisker to file for bankruptcy protection. Fisker filed for bankruptcy last month after attempts to find a buyer failed. The CEO and his wife each voluntarily reduced their salaries to cut costs, with Henrik dropping his wage to just $1 from $62,400 plus a bonus of $710,000.

The company's stock price has dropped 85 percent in the past month alone. In recent weeks, the company has filed asked a federal bankruptcy court judge to allow them to sell their fleet to American Lease, which provides cars to New York City-area Uber drivers. That request was granted and they will now begin the process of off-loading more than 3,000 of its Ocean SUVs for about $46.

25 million, an enormous discount rate. Fisker is the second automaker by famed car designer Henrik Fisker to file for bankruptcy protection. Fisker fi.