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Over 40,000 customers reportedly cancel their Fisker Ocean reservation

Fisker's ongoing financial troubles have reportedly scared off a substantial number of the buyers who reserved the electric Ocean crossover with a refundable deposit. The company has lost more than 40,000 reservations that it will need to reimburse, according to a recent report. Citing leaked data and internal metrics, Business Insider wrote that Fisker received between 70 and 80 cancellations per day "in a recent seven-day average." The total number of canceled reservations stands at over 40,000, the report said, which represents a huge chunk of the reported 70,000-plus reservations the firm has collected since it opened the order book in November 2019. Fisker hasn't commented on the report. If this is accurate, the cancellations compound Fisker's problems in several ways. First, the brand's sales forecast has seemingly fallen by over 50%, meaning its revenue forecast has inevitably dropped by the same number. This comes at a time Fisker needs to generate more sales in order to stay afloat; it recently paused production of the Ocean to save money, and it's sitting on a massive inventory of unsold cars. Second, Fisker will need to refund the deposit it collected from every reservation holder who cancels, according to Business Insider and the brand's terms and conditions. It costs $250 to reserve one example of the Ocean and $100 for each additional reservation; both sums are refundable. Fisker keeps the $25 processing fee that's added to every reservation, however. The publication estimates Fisker owes its customer base about $9 million. It adds that "a few thousand" customers have separately canceled an order, though the $5,000 deposit on those isn't fully refundable. It's not far-fetched to assume some of the customers who reportedly canceled a reservation realized they can get a new Ocean right away for much cheaper than initially advertised — Fisker slashed the price of its leftover 2023 models by up to $24,000 in March 2024 to trim its inventory of unsold cars and generate cash. Other customers might have simply lost faith in a company teetering on the brink of bankruptcy. While the Ocean, which is built by Magna in Austria, is the only Fisker model that has reached production, the company has shown three other electric cars that it began taking reservations for and ostensibly planned to sooner or later build. There's a pickup called Alaska, a city car named PEAR, and a four-door convertible known as the Ronin.

VLF finally delivers first V8-powered, Karma-based Destino

The Destino idea has been bouncing around in Bob Lutz's head for a while, but in January things got serious when Lutz, Karma designer Henrik Fisker, and entrepreneur Gilbert Villarreal got together to form VLF. A few months later, Lutz says the first Destino is on its way to a customer, The Detroit News reports. As a reminder, the Fisker Karma ended up in foreign-ownership purgatory after the Fisker Automotive outfit hit financial troubles in 2013. That was around the same time we first heard rumblings about the Destino. As the Destino has evolved (and the company that builds it has changed names and relaunched itself), some things remain the same. There's still a GM LS9 supercharged V8 in it, best known as the engine at the heart of the C6 ZR1, driving the rear wheels. The Destino starts at $229,000, and it's on sale, well, now. Related Video: Featured Gallery VLF Destino View 12 Photos News Source: The Detroit News Fisker GM Automakers Luxury Performance Sedan corvette zr1 Henrik Fisker vlf automotive

Fisker Ronin previewed as electric four-door, four-seater convertible

Fisker plans to expand its range of electric vehicles with a four-door, four-seater convertible called Ronin. The model is being engineered to have "the world's longest range for a production EV," according to the company, and a new digital rendering gives us a better look at it. Published on the official Fisker website, the computer-generated preview image shows a convertible with a futuristic-looking front end that's characterized by a light strip made up of individual LEDs. There's no grille, which isn't surprising for an electric vehicle, but it looks like designers chiseled air intakes into the lower part of the front bumper. McLaren-like dihedral front doors and massive wheels add a touch of drama to the design. We don't know how the rear doors open yet, and Fisker hasn't released images of the Ronin's rear end or interior yet. Earlier in 2022, company founder Henrik Fisker pledged that the Ronin will offer 660 miles of driving range when tested on the WLTP cycle used in Europe. While the convertible's EPA-estimated range will undoubtedly be lower, even a 500-mile range would be an impressive figure. We don't know how Fisker plans to achieve that yet. In terms of specifications, all that's been announced is that the Ronin will offer "extremely high levels of performance" and serve as "a showcase for [Fisker's] internal engineering, powertrain and software capabilities." It's being developed by Magic Works, a United Kingdom-based division tasked with bringing special high-end projects to production. If everything goes according to plan, Fisker will unveil the Ronin as a close-to-production concept in August 2023 and will begin building the model the following year, according to Motor Authority. Pricing will reportedly start under $200,000. In the meantime, the company will continue developing a smaller, far more affordable, and Foxconn-built EV called Pear that's allegedly due out by the end of 2024. Green Fisker Convertible Electric