EV start-up Fisker to pause production for 6 weeks

Fisker announced a six-week production pause for its electric vehicles and will raise up to $150 million in funding million by selling convertible notes, as reported by Reuters on Monday.

The company did not produce any Ocean SUVs in January and its manufacturing partner, Magna, made approximately 1,000 vehicles between February 1 and March 15.

Fisker has also hired restructuring advisers amid reports of a potential bankruptcy filing.