2023 Fisker Ocean on 2040-cars

Auto blog

Recharge Wrap-up: Fisker EMotion rear end, Faraday Future drag race teaser

Fisker has unveiled the rear end of its EMotion EV. This latest image in a series of slow reveals shows us the strip of lighting across the back, the lines of the trunk opening, and a good look at the rear diffuser. The car appears significantly wider at the fenders than at the roofline, which gives it a planted and muscular look. It's a shape that fits the car's stated performance; Fisker says the EMotion will have a top speed of 161 miles per hour. And, of course, there are no tailpipes. Read more from TechCrunch. Check out the off-road prowess of the Tesla Model X in an icy ditch. Thanks to a sophisticated traction control and torque distribution system, the electric SUV is able to keep its composure even when a wheel leaves the ground over the uneven terrain. Of course, the grippy winter tires help too. The video could also help ease concerns about the vehicles torsional rigidity, though there was a slight creak when opening one of the falcon wing doors while the Model X was suspended over the ditch. See the video and read more at Teslarati. Faraday Future is teasing a video of drag races against the Tesla Model X, Bentley Bentayga, and Ferrari 488 GTB. It shows the camouflaged FF prototype lining up next to the competitors individually, and taking off down the drag strip before cutting the video short. The video then instructs viewers to "stay connected" for the results. Presumably, the prototype will perform impressively. Outrunning a Model X P100D with Ludicrous mode means doing 0-60 in less than 2.9 seconds. Faraday Future is slated to unveil its production electric vehicle at CES 2017 in early January. Check out the video and read more at Teslarati.

Fisker officially goes public, on track for 2022 production

Fisker has officially gone public, trading on the New York Stock Exchange under "FSR" as of Friday, the company announced this week. It was taken public as part of a merger/acquisition by Spartan Energy Acquisition Corp. "All the external pieces are now in place to execute our unique, asset-light business strategy, with today’s funding and the strategic cooperation announced with Magna on Oct. 15," said Fisker Chairman and Chief Executive Officer, Henrik Fisker, in the company's announcement. "We can now fully turn our attention to developing and launching the revolutionary, all-electric Fisker Ocean into the heart of the midsize SUV market, expected to commence in Q4 2022. We appreciate the confidence from all our shareholders and intend to deliver on our stated goals." Fisker announced last week that auto supplier Magna will provide the vehicle platform and build the electric carmaker's Ocean SUV. As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, giving the EV maker an overall valuation of about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. "As a result of the completion of the transaction, Fisker expects to have in excess of $1.0 billion (net of transaction fees and expenses) of cash on the balance sheet and no funded debt. This amount is expected to fully fund Fisker operations and the development of the Fisker Ocean program through the planned start of production in Q4 2022." Fisker, which is merging with Spartan Energy Acquisition Corp, said it had finalized a deal with Canada's Magna to build the Ocean in Europe, marking the Canadian supplier's first entry into contract manufacturing for an EV startup. While Magna has built vehicles for traditional automakers for years, analysts and investors have speculated it could eventually build for technology companies like Apple. Fisker stock was up more than 10% in its first day of trading (as of publication time). This article contains reporting by Reuters. Related Video:

Fisker trying to secure Volkswagen's MEB platform for the Ocean

Henrik Fisker took his beating, stayed in the ring, and appears to be getting on top of the fight to be an electric vehicle automaker. At the beginning of the week, Fisker Inc. announced a merger with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp, backed by private equity firm Apollo Global Management. The merger would value Fisker at $2.9 billion in preparation for a listing on the New York Stock Exchange. This is the same maneuver Nikola Motors recently employed in order to go public. Spartan filed a trove of documents with the Securities and Exchange Commission in advance of the filing, one of them an investor presentation that explained some backstory and hoped-for production path for Fisker's Ocean electric crossover. One key piece of info is that Fisker is in talks with Volkswagen about using VW's MEB modular electric platform and ancillary components for the Ocean. The agreement would include battery packs as well. One slide asserted that "anticipated access to Volkswagen’s industry-leading EV component quality, pricing, and supply chain ... accelerates time to market and dramatically reduces vehicle development costs." Furthermore, this attempt at deeper collaboration with VW is part of a two-year growing partnership. The Verge went through the presentation, noting that Fisker and VW entered a memorandum of understanding in 2017, upgrading that to a "collaboration agreement" in 2018. Audi subsidiary Italdesign built the Ocean crossover Fisker debuted at this year's Consumer Electronics Show, the prototype described as a "near-series prototype" and sitting an MEB platform. This month, the two companies could sign a "cornerstone agreement" to formalize "costs, production capacity, and a timeline." If that happens, a contract covering supply and manufacturing would be consummated before the end of 2020. The timeline in the presentation notes earnest prototype testing next year, with production planned for late 2022. Separately, however, Fisker has said, "Prototype vehicles are expected to start durability testing by the end of this year, and we continue to make significant progress on the development of our sales and service proposition." If the IPO clears all hurdles, Fisker Inc. could receive $1 billion to put toward Ocean development and production. Meanwhile, a recent funding round secured $50 million from Moore Strategic Ventures.