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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

“The whole problem here is it’s a new company in the field and they don’t have all the equipment like the established players like Daimler, Volvo or Paccar have,” mentioned Antti Lindstrom, a truck analyst at S&P International Mobility.

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Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial. Teslarati is now on TikTok.

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Fisker files for Chapter 11 bankruptcy protection

Teslarati

The filing was submitted to the District of Delaware on June 17, 2024. In a press release, the EV maker noted that it was in advanced discussions with financial stakeholders about debtor-in-possession financing and the potential sale of its assets. Fisker Group Inc. has announced that it had filed for Chapter 11 bankruptcy protection.

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Out of charge: Fisker files for bankruptcy, again

Baua Electric

Fisker in a statement said it has sought Chapter 11 bankruptcy protection with a court in Delaware, and that it is currently in talks with creditors over debtor-in-possession financing and the sale of remaining assets. The company hasn’t said what support will be offered for Ocean owners.

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Robotic Tire Changing Business Goes Bust

The Truth About Cars

With support from Discount Tire, the company had secured a round of Series A funding in 2021 and was reportedly seeking more investors as it sought to expand the business. We are immensely proud to receive this backing from our investors and know this is just the first turn down a long road to success for our company."

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Elon Musk formally moves to terminate Twitter’s $44 billion acquisition

Teslarati

Musk had demanded more data from Twitter after the social media company noted in an SEC filing that less than 5% of its users are fake accounts. The social media company, for its part, has maintained that it’s not possible to calculate spam accounts from solely public information. Don’t hesitate to contact us with news tips.

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The time has come: Fisker has filed for bankruptcy

Baua Electric

The chapter 11 filing came late Monday night in Delaware, where Fisker is incorporated. The statement continues with some details that may be of interest to customers, including the mention of “preserving certain customer programs” while the company continues “reduced operations.” Soon after, Fisker posted a statement on its website.

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