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Henrik Fisker: No 'final conclusion' yet in Foxconn deal

Two years ago, EV startup Fisker seemed to have hooked a giant when it announced a deal with Taiwanese iPhone maker Foxconn to build a sub-$30,000 crossover in the United States. It turns out that deal hasn't been finalized, according to comments Fisker founder and CEO Henrik Fisker made during an interview with TechCrunch. "In the Foxconn deal specifically, we don't yet have a final conclusion to this deal," Fisker told TechCrunch on the sidelines of an event in Huntington Beach, California, to showcase its future EV portfolio. While Henrik Fisker is still confident it will come together, his comments show just how precarious and complex automotive manufacturing deals can be. And considering Foxconn's history of backing out of other factory agreements, there's reason for some caution. The Foxconn-Fisker deal Foxconn and Fisker signed in February 2021 a memorandum of understanding agreement, with the goal of producing 250,000 vehicles annually. While it wasn't clear which vehicle Fisker might build with Foxconn, the automaker had said that it was working on the Personal Automotive Electric Revolution (PEAR) — an EV built for cities and urban environments that would cost less than $30,000. The Fisker-Foxconn deal came together relatively quickly following the announcement of the memorandum, and by May 2021, Foxconn and Fisker had a signed agreement, setting those expectations in writing. A few months later, Foxconn made a separate deal with EV maker Lordstown Motors that included buying its factory in Ohio and helping the struggling company manufacture its Endurance electric pickup truck. Fisker became a beneficiary of the deal when, in May 2022, the company announced it reached an agreement with Foxconn to build its PEAR EV at the Lordstown factory. But cracks soon formed in Foxconn's agreement with Lordstown Motors. Lordstown Motors filed for bankruptcy and has sued Foxconn for "fraudulent conduct," stating that the Taiwanese company had made a litany of "broken promises." Foxconn currently still owns the manufacturing plant in Lordstown, Ohio, and Fisker says that plans to build the PEAR in the Lordstown plant are still on track. Foxconn is no stranger to scuttling done deals. The company withdrew from a $19.5 billion agreement with Indian company Vedanta last month. It also famously received a $3 billion incentives package to build a factory in Wisconsin that was supposed to create 13,000 jobs.

Galpin and Henrik Fisker to unveil 'Ultimate American Muscle Car' in LA

When Henrik Fisker appeared on the 2014 Los Angeles Auto Show presentation schedule with back-to-back debuts with Galpin Auto Sports and Galpin Motors, we were rather intrigued. Especially when rumors suggested that the project with GAS would be the "Ultimate American Muscle Car." That gossip has turned out to be entirely true, and we have gotten our first glimpse at Fisker's latest design, dubbed the Rocket. Details are still incredibly scarce, but we now know that the Rocket boasts a body made from carbon fiber. The actual reveal is scheduled for the LA show on November 20 at 11:05 AM PST. Making the claim of the Ultimate American Muscle Car, obviously, sets expectation sky high, and its too early to say if the Rocket lives up to them. The general shape of the sketch looks fairly Mustang-like, even with the huge fender flares and big wing. Given Galpin's claim as the world's largest volume Ford dealer, a 'Stang might make sense as a starting point. Although, the teaser indicates Fisker has some very aggressive changes in style in mind, as well. There's no word about the other vehicle Fisker is working on for the show, but he reportedly wants to keep it a secret before the reveal. Scroll down to read the brief teaser about the Rocket. GALPIN AUTO SPORTS AND HENRIK FISKER TO DEBUT ULTIMATE AMERICAN MUSCLE CAR AT 2014 LOS ANGELES AUTO SHOW Carbon Fiber-Bodied Car Named "Rocket" To Be Unveiled Nov. 20 at 11:05AM LOS ANGELES (November 11, 2014) – Galpin Auto Sports and Henrik Fisker today announced they will debut their carbon fiber-bodied "Ultimate American Muscle Car" (rendered below) at the 2014 Los Angeles Auto Show during a short press conference on Thursday, November 20 at 11:05AM in Concourse Hall of the Los Angeles Convention Center. Additional details will be forthcoming, closer to the vehicle's debut. About Galpin Auto Sports Galpin Auto Sports, located at 15600 Roscoe Blvd. in Van Nuys offers customizing and personalizing services on all new and pre-owned vehicles including collector and classic cars. For more information on Galpin Auto Sports' unique products and services, please visit the website at www.galpinautosports.com. About Galpin Motors Galpin Motors, home to the world's largest volume Ford dealership for the 24th consecutive year, was founded in 1946 and is headquartered in Los Angeles' San Fernando Valley.

Fisker teases $40,000 electric crossover with 300 miles of range

Henrik Fisker has been at the drawing board for some time, and we've enjoyed following along. We don't know what to do with this latest one, though, because we know almost nothing about it. Fisker, Inc., Henrik's electric vehicle company, promised "a teaser picture and some tech details" on a new EV priced "close" to $40,000. We have the teaser pic, but the tech details are mostly the same EV future-tech buzz every non-traditional player loads up on. It is a crossover, it looks like a Fisker, and it has a front-mounted radar unit behind glass. Those are the exterior concretes. As for the rest of the look, it's "Dramatically sculpted" with "futuristic, elegant muscular look" and there are "captivating design touches that have been traditionally reserved for supercars," By pressing a button, the roof opens in some way to create "an extended open-air atmosphere." An "enhanced +80 KWh lithium-ion battery pack" will provide power, not the solid-state batteries we know Fisker's working on and thought would make their first appearance here. The EMotion sedan will debut the solid-state units. Sounds like the standard version will use a single electric motor, but optional all-wheel drive puts another motor on the front axle. An optional wheel spans 22 inches, but we don't know what size the stock rims are. There's a luxurious, "vastly spacious interior" with "a modern aesthetic and high-quality materials." A "large heads-up display and unique, intuitive user interface... will control some of the latest emerging in-vehicle technologies." All of which could mean anything, so ends up meaning practically nothing. Closer to firm ground, this will be the first of three affordable EV models coming in well below the $129,000 EMotion flagship electric sedan. Fisker, Inc. says the crossover's price will come in below $40,000. The target range is 300 miles when this as-yet-unnamed SUV goes on sale in the second half of 2021. That's a long way off to be shooting for 300 miles. Come 2.5 years, 300 miles could be the baseline distance to be taken seriously. The Tesla Model Y is already there and the Germans are loading their EV cannons with compact offerings right now, led by Volkswagen's ID onslaught. Fisker won't open dealerships, planning to sell direct to consumers and service owners with a "nationwide concierge service model." More details to come, hopefully ones with more specific detailing. Related Video: This content is hosted by a third party.