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Fisker reports Q4, FY 2024 results, warns of financial concerns, to lay off 15% of workforce
ting noteholder about making an additional investment in the company. Fisker reported preliminary Q4 2023 total revenue was USD 200.1 million, an increase of USD 128.3 million compared to revenue of USD 71.8 million in Q3 2023, and had a net loss for the quarter of USD (463.6) million. Fisker Ocean production was 4,789 units in Q4 2023, and vehicles delivered to customers totaled 3,818. For full year 2023, 10,193 Fisker Oceans were produced, an...
News Updated at: 2024/03/02
Fisker, US selects Argus, Israel as cyber security partner for Ocean SUV product line
Fisker, US selects Argus, Israel as cyber security partner for Ocean SUV product line On February 7, Argus Cyber Security announced that it has delivered multiple automotive cyber security products and services to Fisker Inc. (Fisker). The Argus CAN IDPS product has enabled Fisker to achieve type approval certification for its revolutionary Fisker Ocean all-electric SUV product line. Using real-time, rule-based analysis of CAN traffic, Argus CAN ...
News Updated at: 2024/02/07
Fisker stock price drops below USD 1 per share
er stock has plummeted 85.4% over the past three months. Earlier in January, Fisker recently announced it was abandoning the direct-sales model, in favor of a new dealer-partnership business model. While the strategy is viewed as a way to increase deliveries, which have consistency lagged behind production for Fisker, it will also require incremental state regulatory approvals where dealerships are located. (multiple sources on January 19, 202...
News Updated at: 2024/01/20
Foxconn says it will build batteries in Wisconsin and Ohio
Foxconn says it will build batteries in Wisconsin and Ohio On March 15, Foxconn executives said the company plans to build batteries in Wisconsin and Ohio, citing the U.S. Inflation Reduction Act that spurs demand for local production."We will build capacity for battery cells and battery packages for energy storage systems in Wisconsin, while we will also build capacity for battery packages for whole cars in our Ohio facility," Foxconn Chairman Y...
News Updated at: 2023/03/18
Fisker to debut top-spec Ocean Extreme at Paris Auto Show
Fisker to debut top-spec Ocean Extreme at Paris Auto Show On September 26, Fisker Inc. announced it will display a top-spec version of its upcoming Ocean full-electric crossover at the 2022 Paris Auto Show from October 17-23.The Ocean Extreme to be shown in Paris will be the most expensive of the three mainstream production trim levels offered by Fisker, and will cost from EUR 69,950 in France.The Ultra will be the next model, followed by the le...
News Updated at: 2022/10/01
Fisker announces UK debut of Ocean electric SUV at Goodwood Festival of Speed
Fisker announces UK debut of Ocean electric SUV at Goodwood Festival of Speed On June 15, Fisker Inc. announced that it will bring the Fisker Ocean all-electric SUV to the 2022 Goodwood Festival of Speed Electric Avenue from June 23-26, 2022, for its United Kingdom debut. The five-passenger Fisker Ocean Sport features a range of 250 miles. Fisker is on track to start Fisker Ocean production in November at a carbon-neutral factory in Austria. The ...
News Updated at: 2022/06/15
LMC Automotive blog: LA Auto Show, will buyers be convinced by the latest crop of Electric Vehicles on offer?
2024. The most affordable version will be priced at US$55,000, but incentives could be higher by the time it reaches the market, depending on Congressional approval. Also noteworthy is the fact that automakers are beginning to market EVs as eco-friendly and not simply as technologically innovative. Fisker, for instance, has already revealed many key aspects of the Ocean, but has now confirmed that the SUV will use recycled fishing nets in its con...
News Updated at: 2021/11/24
Fisker, Magna sign long-term agreement, start Ocean SUV production in late 2022
Fisker, Magna sign long-term agreement, start Ocean SUV production in late 2022 On June 17, Fisker Inc. announced that it has signed a binding agreement supporting manufacturing with Magna International Inc. Along with the previously signed agreements on electric vehicle (EV) platform sharing and ADAS package, today’s news finalizes the framework established between the two companies beginning in October 2020. Fisker and Magna also confirmed th...
News Updated at: 2021/06/19
Fisker, Sharp partner for next-gen automotive screens, interfaces
Fisker, Sharp partner for next-gen automotive screens, interfaces On May 17, Fisker Inc. announced it has nominated Sharp Corporation, part of the Hon Hai Technology Group, to develop technologies supporting next generation in-vehicle screens and interfaces. The agreement would include the co-creation of technologies and manufacture of screens and components from Sharp to support the Ocean SUV, Project' PEAR' (Personal Electric Automotive Revolu...
News Updated at: 2021/05/19
Fisker, Foxconn to develop new EV for production by Q4 2023
Fisker, Foxconn to develop new EV for production by Q4 2023 On February 24, Fisker Inc. announced it has entered into a MOU with Hon Hai Technology Group (Foxconn) to jointly develop a new electric vehicle, codenamed ‘Project PEAR’ (Personal Electric Automotive Revolution).When production starts in Q4 2023, Foxconn plans to manufacture 250,000 units annually for global markets including North America, Europe, China, and India.“Foxconn's par...
News Updated at: 2021/02/25
Fisker to deliver 300 vehicles to Viggo ride hailing service in 2022
all-electric luxury SUVs, to be delivered in the fourth quarter of 2022, will be a strong part of their Scandinavian expansion. “This agreement is the first of many multi-vehicle orders that we are planning to sign with both mobility companies like Viggo and large corporate fleets,” said Henrik Fisker, chairman and CEO of Fisker.Fisker recently announced a strategic cooperation with Magna International supporting the codevelopment and product...
News Updated at: 2020/10/27