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The Austrian subsidiary of the US electric car manufacturer Fisker has filed for insolvency following the production stop of its Tesla competitor model Ocean. The Californian parent company announced the move by Fisker at the production site in the Austrian city of Graz on Tuesday. The company “has voluntarily filed to open a restructuring proceeding via self-administration under the Austrian Insolvency Code,” the announcement said. “The proceeding will enable Fisker Austria to ensure its operations are able to continue under court protection, including paying employees and selling vehicles,” …

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