Tag Archives: nascent

Fisker Reportedly Delivered Cars Without Collecting Payments

Things aren’t wanting nice for Fisker. The nascent automaker paused manufacturing of its solely electrical car final week as rumors of its impending chapter started to unfold. Nissan doesn’t want to partner with the struggling startup, and a brand new report shines a lightweight on Fisker’s monetary troubles, alleging that the corporate misplaced monitor of tens of millions in buyer funds.

TechCrunch spoke with nameless sources accustomed to the matter, discovering that Fisker’s lack of robust accounting practices led it to ship some automobiles with out accumulating funds. The report claims the corporate struggled to maintain monitor of down funds and absolutely paid-for automobiles. The automaker ultimately discovered many of the cash, siphoning sources from the gross sales workforce to take action.