Fisker Official filed for bankruptcy last month, and despite a “bust” sale that saw The price of the company’s Ocean EV has dropped by thousands of dollars.The automaker still has a few thousands of unsold leftovers. Fisker may have found a buyer for all those EVs and, as According to TechCrunch It is reported that they are willing to sell them for cheap.
At court documents obtained by According to TechCrunchFisker is asking the presiding bankruptcy judge if it can sell the remaining 3,321 Oceans in its inventory. Fisker wants to sell the orphaned Oceans to a New York-based leasing company called American Lease for a total of $46.25 million. That works out to just $13,926 per car.. If the court allows it, this would be the cheapest Ocean ever sold. A Fisker Ocean originally had an MSRP of $41,437 to $63,937, just earlier this year.
However, it can be an uphill battle trying to get sales approval. According to TechCrunch described, Fisker’s lenders were concerned that they would not receive the money they were owed.
The move to approve the sale could become the next flashpoint in Fisker’s Chapter 11 bankruptcy proceedings. Attorneys representing the company’s unsecured creditors expressed concern at the initial hearing, held on June 21, that they would not see the proceeds from such a sale. Fisker owes a total of about $1 billion to all of its unsecured creditors.
So what does a car rental company really want with thousands of EVs from a nearly bankrupt automaker? It seems American Lease wants to use them for car sharing. According to TechCrunch The company says it rents out the vehicles to ride-sharing drivers in New York. And with a goal of zero emissions by 2030, these Oceans will help the company reach that goal. American Lease wants those Oceans. So much so that Fisker and American Lease struck a deal to sell them before the automaker filed for bankruptcy.
American Lease originally agreed to buy 2,100 Ocean EVs on May 30, just two weeks before Fisker filed for Chapter 11 bankruptcy protection. The company increased its purchase price to buy all 3,321 Oceans that were ready for sale and configured for North America by June 30. (The deal does not include vehicles configured for Canada that are in Canada.) American Lease cannot resell the vehicles for 12 months. Technically, the company is buying the Oceans on a sliding scale, paying $3,200 for previously certified vehicles and $16,500 for “good working condition” vehicles. The company is also buying damaged vehicles for $2,500 each.
Once the sale is complete, Fisker will have no obligation to the vehicles; they will be sold “as is.” Fisker’s largest creditor, Heights Capital Management, has approved the sale, which now only requires a court order. And Fisker’s lawyers want the sale to happen as soon as possible, saying that if it doesn’t happen by July 12, Fisker will be “unable to fund the critical business expenses … necessary to conduct an orderly liquidation.”
