2012 Fisker Karma Sport on 2040-cars

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Fisker Ocean 'Force E' package designed for silent, rugged rescues

About a week ago, Fisker teased a makeover for its Ocean crossover that prepped the electric people hauler for either a backcountry rescue or "I Am Legend." Henrik Fisker has now released the finished article on Twitter, the overhaul package called "Force E," for Force Electric. It's one of the four promised packages available when the Ocean goes on sale at the end of next year, designed to serve fleets that would need "an extreme off-road package for the Fisker Ocean." Reserved for the all-wheel drive model, the equipment list assembles a brush guard and tow hooks, a touch of extra lighting in the front fascia and on the roof rack, a tool mount on the tailgate, a plug to run external power, all resting on a lifted, upgraded suspension and, in the rendering at least, truly meaty tires on beadlock wheels. Inside come "certain upgrades with more rugged and durable materials."   On the first tease, Fisker said he had a special place in mind for the spare tire "that could only be done with an EV." That special place turns out to be a round hollow in the hood, which hearkens to Series I and Series II Land Rovers. The old Rovers rode on itty-bitty skinny tires, though. We hope the Ocean front fascia contains a step to get some leverage for lifting that spare, because it'll take real strength to get that load in and out without banging it on the hood, or worse yet, the windshield. Underneath the spare, a potable water tank lives in the frunk, its refreshing elixir dispensed through a tap next to the front license plate. Seeing where this Ocean is meant to go, that tap better be removable, or that brush guard as strong as Wolverine.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. All Force E crossovers automatically get the California mode option that opens the sunroof and all windows at the press of a button. The Force E kit starts off on the 300-horsepower Ocean, but Fisker says a high-performance model will follow.  The company touts having received more than 22,000 expressions of interest without clarifying if that applies to hand-raisers or to depositors.

Almost $1 billion in claims filed against bankrupt Fisker

You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because Fisker, which declared bankruptcy in November, has generated $985.4 million in claims from 618 not-so-happy parties, Delaware Online says, citing a bankruptcy filing from last week. Fisker stopped making its sporty but troubled Karma in mid-2012. Wanxiang America won an auction for Fisker's assets, including its Delaware factory, for $149.2 million. That leaves $836 million, or about 85 percent of the collective value of the claims against the company. Naturally, Hybrid Tech Holdings, which was beaten out by Wanxiang in the bidding for the assets, has jumped in line to see if it can make good on what was formerly that DOE loan. The state of Delaware, where Fisker had acquired an old General Motors factory, is seeking $20 million stemming from some incentives it provided up front. And Finland's Valmet Automotive wants $8.5 million for its work with the company. Former Fisker employees say the company is on the hook for another $6 million, and none other than General Motors itself is claiming it is owed the same amount. Then there is the lawsuit we first heard about in December that was filed against Fisker and some of its executives who were collecting hefty paychecks while no cars were being produced. Add it all up and you get almost a billion dollars. Good times.

Fisker-Foxconn EV partnership 'moving faster than expected'

U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its "accelerating" partnership with Foxconn. The company, which reported its second-quarter earnings Thursday after market close, raised its business outlook for expectations for key non-GAAP operating expenses and capital expenditures for the full year up from its previous guidance of $450 million to $510 million. The earnings report pointed to R&D spending on prototype activities in 2021 driven by testing and validation on advanced driver assistance systems, powertrain and user interface. The company also noted an increase in spending on in-house costs, such as virtual validation software tools, hiring and virtual and physical testing to account for recently tightened Euro NCAP and IIHS safety regulations. Co-founder, CFO and COO Geeta Gupta Fisker added during an investor call that the company made a strategic decision to develop internal capabilities to test and validate, instead of relying solely on third parties. Co-founder and CEO Henrik Fisker said in an interview Thursday its partnership with Foxconn, which is "moving faster than expected," also is contributing to an increase in spending. "We were really aligned," Fisker said in an interview Thursday. "I mean it's a very unique business deal because we are both investing into this program; it's not like we just hired Foxconn to make a car." Fisker has two vehicle programs in the works. Its first electric vehicle, the Fisker Ocean SUV, will be assembled by automotive contract manufacturer Magna Steyr in Europe. The start of production is still on track to begin in November 2022, the company reiterated Thursday. Deliveries will begin in Europe and the United States in late 2022, with a plan to reach production capacity of more than 5,000 vehicles per month during 2023. Deliveries to customers in China are also expected to begin in 2023. Fisker Ocean at the track View 6 Photos In May, Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new electric vehicle.