1. Fisker, the electric vehicle startup, is facing a lawsuit from Magna Steyr, an engineering firm that was responsible for developing Fisker's low-cost EV and pickup truck. The lawsuit alleges that Fisker failed to pay Magna Steyr for the work it had done, leaving the engineering firm with unpaid invoices totaling over $2.5 million.

2. According to the lawsuit, Fisker had contracted Magna Steyr to design and develop its low-cost EV and pickup truck, which were key components of the company's product lineup. However, Fisker reportedly failed to make the necessary payments to Magna Steyr, despite the engineering firm's completion of the work.

3. The lawsuit highlights the challenges faced by startups in the electric vehicle industry, where the development of new technologies and products can be complex and costly. The dispute between Fisker and Magna Steyr could have broader implications for the industry, as it raises questions about the financial stability and reliability of some EV startups.