Auto Industry Financial Distress
This is a news story, published by MSN, that relates primarily to Fisker Group news.
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bankruptcyTheStreet
•Another iconic auto parts brand files for Chapter 11 bankruptcy
81% Informative
The automobile industry has battled financial distress in the last year with several companies filing bankruptcy.
The most significant bankruptcy in the auto industry occurred on June 18 when electric vehicle maker Fisker Group filed for Chapter 11 protection to shut down operations and liquidate its assets.
Auto parts companies under financial distress include e-commerce auto parts retail business PartsID.
VR Score
82
Informative language
81
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38
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formal
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English
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71
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