2023 Fisker Ocean on 2040-cars

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Fisker, Quantum pairing up to relaunch Karma PHEV

The upcoming relaunched Fisker Karma will look a lot like the old one. Turns out, the brains of the car will share a lot with the old Karma as well. Fisker (and its new owner, Wanxiang) and Quantum Technologies have announced a deal worth over $5 million. Quantum is going to license its plug-in hybrid control software to Fisker in exchange for $2 million this month and another $2 million a year from now. The first payment will be used to get the software into the relaunched Karma and the next payment is for "Fisker Auto Group's planned Atlantic vehicle line." Fisker has the option to pay more by October 27, 2016 to "acquire joint-ownership of the hybrid control software for the Karma, Atlantic and future platforms." There's another part of the deal worth "approximately $1.35 million" for software development services over the coming year. If this all has a somewhat familiar ring to you, you might be thinking about the $10.2 million that Fisker gave Quantum five years ago to develop the PHEV powertrain when it was still called the "Q-Drive plug-in hybrid system." The fact that we're talking about a relaunch now tells us something about how that all turned out. Maybe it'll be better this time, if those 250 bugs get squashed. Quantum Technologies Enters into License Agreement with Fisker Automotive and Technologies Group LLC to provide Plug-In Hybrid Control Software to Support Re-Launch of the Fisker Karma Vehicle - Control Software Agreement to provide Quantum with more than $5.0 million over the coming year - Control software license to cover Fisker Karma and Atlantic series with option for joint-ownership for these and other future platforms LAKE FOREST, Calif., Nov. 3, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. ("Quantum") (NASDAQ: QTWW), a global leader in natural gas storage systems, integration, and vehicle system technologies, today announced it has entered into an agreement with Fisker Automotive and Technologies Group LLC ("Fisker Auto Group") pursuant to which Quantum will license its plug-in hybrid control software to Fisker Auto Group and, in return, will receive an initial payment of $2.0 million on or before November 27, 2014, and a second payment of $2.0 million on or before October 27, 2015.

Fisker hires adviser to prepare for possible bankruptcy filing

Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report. Fisker declined to comment. According to CNN, Fisker's stock price fell more than 40% in after-hours trading after the report was published. Overall, the stock is down more than 80% since the start of 2024. Earlier this month, Fisker flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a partnership with a manufacturer. Nissan was in advanced talks to invest in Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck, Reuters reported earlier this month, citing two people familiar with the negotiations.   Earnings/Financials Green Fisker

The Fisker Ocean's solar roof opens up in 'California Mode'

Henrik Fisker has pegged CES for the official unveiling of his upcoming Ocean SUV. The production prototype will make its public debut on January 7, 2020, with an intended launch in 2020. Leading up to the event, Fisker has been slowly dropping bits of information, and we've already seen nearly the entire vehicle. The most recent announcement showed off a new patented feature called California Mode, which at the press of a button can lower all the Ocean's windows and slide open its solar roof panels as well. In total, pressing the California Mode button moves nine different panels. The three windows on each side of the SUV go down, the rear hatch's glass drops into the body, and the two panels that make up the solar roof shift to open, as well. Fisker didn't release a video of the action, but it appears the front-most part of the solar panel overlaps the rear portion and both slide back. The photos take the opportunity to show that with the rear glass down, a surfboard could fit inside the car with only a small bit sticking out. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker bills the Ocean as a pinnacle of sustainable automotive engineering. It runs purely on electricity and will have an estimated range of 250 to 300 miles. Parts of the SUV will use recycled materials and plastics, as well, to create a vegan interior. Fisker says the solar tech could potentially add up to 1,000 miles of range per year, although that really isn't much. The California-based company is also aiming to make the vehicle affordable and accessible. Fisker says the car will be available on a subscription basis with a starting price of $379 per month and no long-term contract. Reservations are open now for $250. We'll have more information and photos after the debut next month. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.