EV Maker Fisker Files for Bankruptcy After Glitchy SUV Flops (1)

Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV.

The company listed between $500 million and $1 billion of assets, and between $100 million and $500 million of liabilities, in its petition filed in Delaware. The filing protects Fisker from creditors while it works out a plan to repay them.

A Fisker Ocean electric SUV.

Photographer: Angel Garcia/Bloomberg

Fisker is the second plug-in car company started by Henrik Fisker— a famed designer of BMW and Aston Martin sports cars — to end up in bankruptcy. An earlier venture, Fisker Automotive, filed for Chapter ...