EV maker files for bankruptcy after hemorrhaging cash

Henrik Fisker is out of gas, again. The automotive designer's California-based electric vehicle startup, Fisker, filed for bankruptcy protection late on Monday and will seek to sell its assets and restructure its debt after hemorrhaging cash on its "Ocean" SUV line in the U.S. and Canada.

Fisker said in a statement at the time that it was "strategically positioning the all-electric Ocean SUV to be a more affordable and compelling EV choice, competitively available to EV buyers in the broadest possible market, and constantly improving via frequent Over-the-air software updates.

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