Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete.
The company was counting on a $150 million influx of capital via convertible notes and a potential partnership with another automaker. Those hopes incinerated as fast as a gasoline-soaked rag when negotiations between Fisker and the large automaker - reported to be Nissan - fell apart.
Arrival's assets ended up in the hands of an unexpected buyer, in this case, 'a coalition of two financial services companies, Cerberus and Centerbridge Partners.'
[
add
]
[
|
|
...
]