EV startup Fisker files for bankruptcy

Fisker Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that led to recalls and lawsuits. The California-based company, which filed for bankruptcy in the Delaware Court, had been seeking a deal with another automaker in a last-ditch effort to rescue the enterprise. The company estimated assets of $500 to $1 billion and liabilities of between $100 million and $500 million, according to the filing. Fisker has between 200 and 999 creditors,...