The U.S. Securities and Exchange Commission (SEC) is investigating Fisker Inc. and has sent multiple subpoenas to the bankrupt EV maker, according to a filing by the regulator on October 4.
Fisker intends to ask a U.S. bankruptcy judge to approve its liquidation plan at an October 9 court hearing in Wilmington, Delaw

On August 23, Fisker Automotive reached an agreement in U.S. Bankruptcy Court in Delaware that will allow it to avoid Chapter 7 liquidation, which would have forced it to liquidate its non-exempt property, and to remain in Chapter 11 bankruptcy, allowing it to continue to reorganize its assets and debts. Additionally

On July 16, Fisker Inc. won permission in a Delaware bankruptcy court to sell its remaining fleet of 3,300 EV crossovers for as much as USD 46.25 million to American Lease LLC, a company that leases vehicles to New York City-based Uber and Lyft drivers. 
Fisker vehicles “in reasonably good working order” could be sol

A July 9 court filing in the U.S. from Fisker Chief Restructuring Officer John C. Didonato said that both Fisker and his wife are reducing their annual salaries to just USD 1 apiece as part of an effort to preserve cash and keep the company operating after filing for Chapter 11 bankruptcy earlier this summer. 
Fisker

On July 9, Fisker announced in a stop-sale notice to its sales department and dealers in the U.S., Canada, and the European Union, that it is recalling 11,308 2023-24 Ocean electric SUVs globally due to a cabin electric water pump issue that could cause a loss of power.
The move comes less than two weeks after its th

On July 2, Fisker has asked a bankruptcy judge overseeing its Chapter 11 proceedings to approve the sale of more than 3,000 Ocean electric SUVs in its inventory for about USD 14,000 per car to a vehicle-leasing company.
Following the judge's approval, Fisker will be able to offload 3,321 electric vehicles to New York

On June 28, Fisker Automotive announced a recall for 12,523 2023-2024 Ocean SUVs in Europe and North America over issues related to its door handles.
Affected vehicles include 8,204 units in the U.S., 513 units in Canada, and 3,806 units in Europe.
Door handles may become stuck due to faulty mechanisms. All four door

On June 17, Fisker Group Inc., the operating subsidiary of Fisker Inc., announced that it filed for Chapter 11 bankruptcy protection in the District of Delaware.
Fisker says it is in advanced discussions with stakeholders regarding debtor-in-possession financing and sales of its assets, while its previously announced

On June 12, Fisker announced it is recalling 18,316 Ocean crossovers in North America and Europe due to faulty software and noncompliance with safety standards.
Fisker is recalling 6,834 2022-23 Fisker Ocean vehicles in the U.S, and 281 vehicles in Canada for what NHTSA terms as four noncompliant “cluster telltales”

On May 13, Fisker Inc. announced that it has raised USD 3,456,000 from an existing institutional investor.
The offer has the potential to increase to USD 7.5 million, with a 12% interest.
Fisker also announced that it has added three new partner dealers in the U.S. in California and New Jersey. 
The company has now s

On May 7, Fisker GmbH, the Austrian subsidiary of Fisker Inc., announced that it had voluntarily filed for a restructuring proceeding under the Austrian Insolvency Code. The proceeding will allow Fisker Austria to maintain operations under court protection, ensuring employee payment and vehicle sales. The proceeding

On a May 3 Q1 earnings call, Magna CEO Swamy Kotagiri noted that the company experienced more stable production schedules relative to recent years, and anticipate a relatively flat vehicle production environment over its outlook period, particularly in North America and Europe, except for one startup OEM. “It is impo

Henrik Fisker told his employees at a meeting earlier in April that four companies have shown an interest in buying the EV startup.
"We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs," Fisker said during an "all-hands meeting" for staff members. "However, they

On April 23, Fisker said in its 2023 10-K annual report that it may have to file for bankruptcy protection within 30 days if it does not get sufficient relief from its creditors and enough liquidity to meet its debt obligations.
The company’s cash balance fell to USD 325.5 million in 2023 from USD 736.5 million in 20

Struggling EV maker Fisker is trying to work out of its present troubles, recently adding another dealership partner in the U.S., now bringing the country’s total number of dealers to six. 
The latest franchised dealership opened in Miami, Florida, making it the company’s second location in the state.
Currently, Fisk

A recent report on Fisker based on leaked data states that “More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date.”
While the number is large, it also has been over time, though internal metrics have averaged around 70 to 80 cancellations per day in a recent week-long a

Fisker reportedly misplaced millions of dollars in customer payments for the Ocean EV, according to recent reports, a mistake that caused an internal audit that took several months to complete after it was initiated in December.
PwC, which was doing the audit, also asked Fisker for more documentation regarding its ve

On March 27, Fisker Inc. dramatically reduced the price of its Ocean electric SUV for U.S. customers for vehicles currently in stock in a bid to ward off bankruptcy.
•    Its Ocean Sport trim (USD 38,999 list) has been cut USD 14,000 (-35.9%) to USD 24,999
•    The Ocean Ultra trim (USD 52,999 list) has been cut USD

On March 25, Fisker Inc. said in an SEC filing that talks with a large automaker for a potential transaction have been terminated.
Shares of the company plunged 29% to USD 0.08 at the market close on March 25. Trading in the shares of the company has been halted pending an announcement.
Though Fisker has not identifi

On March 18 in an SEC regulatory filing, Fisker said that it is trying to raise USD 150 million through the sale of convertible notes to an undisclosed investor, and if final agreement is reached, that the funds will be released in USD 35 million tranches subject to a number of conditions.
The company also said it is