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Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked<\/a> the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale. <\/p>\n If approved by the judge, Fisker would be able to offload 3,231 finished EVs to a New York-based vehicle leasing company for $46.25 million. That works out to around $14,000 per vehicle \u2014 a steep fall from the roughly $70,000 starting price some of them once commanded. It\u2019s also lower than the bargain-bin prices<\/a> Fisker was offering during its descent into bankruptcy.<\/p>\n The motion requesting approval of the sale could become the next flashpoint in Fisker\u2019s Chapter 11 bankruptcy proceedings. Lawyers representing the company\u2019s unsecured lenders already expressed concern in the first hearing<\/a>, held on June 21, that they would not see the proceeds of such sales. Fisker owes around $1 billion in total to all of its unsecured creditors.<\/p>\n The total scope of Fisker\u2019s other assets and what value they might hold is also not clear; on Monday, lawyers for the startup filed a motion to delay the release<\/a> of that information, in part because it\u2019s still being compiled.<\/p>\n The leasing company \u2014 which The Wall Street Journal first reported to be a company called American Lease<\/a> \u2014 mainly offers its vehicles to ride-hail drivers in the New York City area, where fleets need to be zero-emission by 2030. The company has agreed to wait to lease any of the Oceans until the open recalls<\/a> are addressed.<\/p>\n American Lease initially agreed to buy 2,100 Ocean EVs on May 30, just two weeks before Fisker filed for Chapter 11 bankruptcy protection. It increased that offer to buy all 3,231 Oceans that are ready-for-sale and configured for North America on June 30. (The deal excludes Canadian-configured vehicles located in Canada.) American Lease cannot re-sell the vehicles for 12 months. It\u2019s technically buying the Oceans on a sliding scale, paying $3,200 for previously-titled vehicles and $16,500 for ones in \u201cgood working order.\u201d It\u2019s also buying damaged ones for $2,500 each.<\/p>\n Lawyers for the company are trying to move the sale through quickly. In a motion<\/a> requesting expedited approval of the sale, they wrote that they will \u201cbe unable to fund vital business expenses \u2026 necessary to effectuate an orderly liquidation\u201d if it is not completed by July 12.<\/p>\n Lawyers for Fisker said in an emergency hearing Wednesday that they want to sell an initial 200 Oceans to American Lease by July 12 in order to generate $2.8 million to cover payroll and other expenses. Before it does that, though, it will have to resolve a newly-reported problem with the water pumps on the Ocean. That will be handled by some of the remaining Fisker employees, as the startup still has 179 employees (the majority being salaried) on the payroll but is reducing headcount to around 138, chief restructuring officer John DiDonato said. <\/p>\n DiDonato confirmed that CEO and founder Henrik Fisker, as well as co-founder, CFO, and COO Geeta Gupta-Fisker are still on the payroll, though he did not say how much they are making. He said their salaries are \u201cundertaking a modification\u201d and possibly \u201csome deferrals.\u201d <\/p>\n