Enlarge image
Fisker Ocean
Photo: Andrej Sokolow / picture alliance / dpa
The US electric car start-up Fisker is stopping production of its Ocean model.
The company announced that production at contract manufacturer Magna in Austria would be interrupted for six weeks.
The Ocean is actually manufactured there on the same production line as the Toyota Supra and BMW Z4 models.
Fisker previously owed $8.4 million in interest on convertible notes.
The company said it deliberately decided to default in order to gain time to negotiate with investors.
There was actually enough money available for the interest.
However, the company's cash balance had dwindled to $120.9 million as of Friday - less than a third of what was available at the end of last year.
New convertible bonds with a volume of up to $150 million, which Fisker sold at a discount to the Polish investment fund CVI Investment, are now expected to bring fresh money into the coffers, according to mandatory documents filed with the US Securities and Exchange Commission (SEC).
Bankruptcy or cooperation with Nissan?
Fisker has been in financial trouble for some time and is preparing for possible bankruptcy, according to a report.
It is now said that negotiations are currently underway with a car manufacturer about a collaboration.
According to insiders, this is Nissan from Japan;
It was recently said that an agreement could be signed later this month.
The company, which was founded by the Danish car designer Henrik Fisker, has long been aware that selling the vehicles is proving more difficult than originally planned.
In addition, demand for electric cars has cooled overall.
mamk/Reuters