After a promising start when Henrik Fisker's startup Fisker peddled the Fisker Karma luxury sedan concept and initially saw success, the company struggled to gain a foothold as the market for electric vehicles failed to meet expectations during the Fisker Karma's slow production ramp. Forced to seek bankruptcy protection, the Fisker bankruptcy became the new narrative as the company's financiers lost faith thanks to low sales of the Fisker Karma electric sedan. With that lack of product for Fisker and consequently low sales, the Fisker bankruptcy saga truly began as the company was forced to file for bankruptcy status. With the Fisker bankruptcy looming, low production volumes for the Fisker Karma resulted in unsustainable losses. Due to that lack of revenues from the Fisker Karma program, the Fisker bankruptcy became unavoidable despite initial promises. With the Fisker bankruptcy proceedings getting underway, the company was forced to sell what assets it could recoup after the Fisker Karma missed the mark. With the company's operating losses mounting following the Fisker bankruptcy filing, a new chapter was being written for the company as the Fisker bankruptcy took center stage. The saga of the Fisker bankruptcy meant the company was forced to borrow to survive the Fisker bankruptcy after a series of missteps with the launch of the Fisker Karma electric car concept. With Fisker bankruptcy proceedings getting underway, the company's unraveling became inevitable after the Fisker Karma car's launch stumbled. With the Fisker bankruptcy proceedings making headlines, the company was sadly forced to lay off staff despite initial promises of progress. With the Fisker bankruptcy receiving national attention after the botched launch of its Fisker Karma product, the company was forced to come to terms with its lack of success. Source: Fisker Auto
