Bankrupt EV Maker Leaves Abandoned HQ in Shambles

Staff
By Staff
3 Min Read

WEBVTT
X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0

00:00.270 –> 00:03.170
Electric vehicle sales in the US have slowed
down.

00:03.369 –> 00:07.090
In August JD.
Power said EVs would account for 9% of us

00:07.099 –> 00:12.930
automotive sales this year, a fairly major
adjustment to its previous forecast of 12%.

00:13.239 –> 00:18.030
It’s a market reality that’s forcing large
automakers like Ford and Toyota to adjust their

00:18.040 –> 00:21.309
plans.
It’s also forcing smaller EV makers like

00:21.319 –> 00:24.469
Lordstown and Fisker to throw in the towel
altogether.

00:24.829 –> 00:29.850
And in Fischer’s case, it looks like it got out
as fast as it could in June,

00:29.860 –> 00:35.250
Fisker filed for bankruptcy protection and
shortly after filed a legal motion to get out

00:35.259 –> 00:39.689
of the lease at its former headquarters in
California, that potential arrangement could be

00:39.700 –> 00:42.240
in jeopardy.
Now, based on a new filing spotted by

00:42.250 –> 00:47.849
techcrunch, in which Fisker is landlord.
Shamrock describes the state of the company’s

00:47.860 –> 00:51.409
abandoned headquarters as quote complete
disarray.

00:51.419 –> 00:56.849
Shamrock arranged to retake possession of the
premises due to past acts of vandalism,

00:57.049 –> 01:02.180
theft and damage related to the homeless
breaking in and attempting to set up residents.

01:02.189 –> 01:06.669
When Shamrock representative Tony Lenzini went
to inspect the property,

01:06.809 –> 01:10.760
he found a scene that led him to believe the
building had been quote,

01:10.769 –> 01:16.000
ransacked personal property and office supplies
were scattered throughout the property.

01:16.069 –> 01:20.319
Large amounts of potentially hazardous
chemicals had been left behind.

01:20.529 –> 01:25.940
Approximately 20 automotive size batteries were
still on site and even the full scale clay

01:25.949 –> 01:29.849
models used to prototype new vehicle models
were still there.

01:29.860 –> 01:34.569
Pictures taken by Shamrock show a chaotic scene
littered with office equipment,

01:34.580 –> 01:40.839
furniture, appliances, papers, boxes, pictures
cabinets, compressed gas bottles,

01:40.849 –> 01:46.575
pallets, car parts, cabling and a quote large
metal frame of some sort.

01:46.615 –> 01:49.526
If you look close, you’ll see a ping pong table
in there too.

01:49.536 –> 01:55.176
After the initial assessment, Lenzini estimated
Shamrock is facing tens of thousands of dollars

01:55.185 –> 02:01.405
in cleanup costs, damage, repairs and possibly
hazardous waste removal to complicate matters.

02:01.496 –> 02:06.071
He said he’s been receiving calls from people,
he doesn’t know requesting access to the

02:06.082 –> 02:09.871
building so they can recover personal property.
For Fisker.

02:09.912 –> 02:13.082
A trashed HQ may not be the worst of its
worries.

02:13.091 –> 02:17.651
The company is under federal investigation as
it navigates bankruptcy proceedings,

02:17.891 –> 02:23.391
but for an automaker that was once valued at
$2.9 billion it’s an alarming end.

02:23.421 –> 02:25.641
I’m Ben Munson and this is manufacturing now.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *