ation, 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, its management team will remain in charge for some time as the business winds down. The agreement is important to Fisker, the U.S. National Highway Traffic Safety Administration and car owners, who filed objections to converting the bankruptcy to Chapter 7, noting...

News  Updated at: 2024/08/28

Fisker seeks judge's approval to sell Ocean EVs at USD 13,927 per SUV 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-based American Lease for USD 46.25 million, according to the ...

News  Updated at: 2024/07/04

n existing 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 produc...

News  Updated at: 2024/03/02

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 On January 16, shares of Fisker Inc. stock fell below USD 1 on the New York Stock exchange, following disappointing Q4 and 2023 deliveries, and announcement of an investigation into 2023 Ocean electric SUV by the U.S. National Highway Transportation Administration (NHTSA) over reports of braking problems. The stock continued to fall during the week, hitting USD 0.76 by mid-day on January 19. Fisker s...

News  Updated at: 2024/01/20

First Fisker Lounge in Shanghai to be opened On October 12, Fisker, an emerging American automaker, announced that it will open the first Chinese Fisker Lounge retail location in Shanghai and start to advance its Chinese business deployment. Located on Taicang Road, Huangpu District, the Shanghai Fisker Lounge is expected to be officially opened in December 2023 or January 2024. According to the Fisker website, there is only one Fisker model curr...

News  Updated at: 2023/10/18

Fisker, Ample partner for Ocean SUV swappable batteries in Q1 2024 On May 2, EV maker Fisker announced it will start delivering its Ocean sports utility vehicle with swappable batteries made by Ample by Q1 2024.Fisker expects the partnership with Ample to help Fisker increase scale and adoption of its EVs in the U.S. and Europe, adding that Ample will share revenue related to the battery swapping mechanism.Fisker says that initial customers for A...

News  Updated at: 2023/05/09

Fisker, US expects European homologation by authorities by end of April 2023 On March 27, Fisker Inc. announces that the all-electric Fisker Ocean Extreme has a combined WLTP range of up to 707 km/440 UK miles, the longest range of any battery electric SUV sold in Europe today, exceeding Fisker’s estimates. Fisker expects European homologation by authorities by April 28, 2023, with customer deliveries thereafter. The first European Fisker Cente...

News  Updated at: 2023/03/27

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 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

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 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 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 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 On October 21, Fisker Inc. announced the signing of a vehicle order for 300 units of the Ocean all-electric luxury SUV with Viggo, the technology-driven Danish ride-hailing service. Founded in 2019, Viggo will expand into Norway in 2021 and the 300 Fisker Ocean all-electric luxury SUVs, to be delivered in the fourth quarter of 2022, will be a strong part of their Scandinavian ex...

News  Updated at: 2020/10/27

Fisker Inc. completes USD 50 million private funding round by Moore Strategic Ventures On July 8, California-based Fisker Inc. announced the successful completion of a USD 50 million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Bacon. The proceeds will be used to support the next phase of engineering work on the Fisker Ocean all-electric luxury SUV due for launch in 2022. Commenting...

News  Updated at: 2020/07/09