June 18 - Fisker ( FSRN ) filed for bankruptcy protection
late on Monday as deal talks with a big automaker collapsed,
exposing the electric vehicle startup to the fallout of a rapid
cash burn to deliver Ocean SUVs in the United States and Europe.
The EV maker's unit, Fisker Group Inc, filed for Chapter 11
bankruptcy, listing estimated assets in the range of $500
million to $1 billion and liabilities in the range of $100
million to $500 million.
(Reporting by Akash Sriram, Arsheeya Bajwa and Abinaya
Vijayaraghavan in Bengaluru; Editing by Arun Koyyur and Devika
Syamnath)