2023 Fisker Ocean on 2040-cars

Auto blog

Fisker's new owner working out Karma's 250 'bugs' before introducing second model

Fisker may be down, but it might not stay down forever. The company behind the Karma luxury hybrid shut down late last year and was purchased by Chinese OEM supplier Wanxiang Group, which intends to restart production. It just can't tell us when. Speaking with Automotive News Europe, Wanxgiang executives indicated they have some work on their hands, sorting out 250 "bugs" it has found in the existing Karma. Once it has those sorted out, it plans to start production again at the Valmet plant in Finland before potentially moving assembly to the plant in Delaware that Fisker had acquired from General Motors. The executives were touring the United States to inspect their battery factory in Michigan, visit the plant in Delaware and meet with government officials in Washington. Wanxiang apparently has even bigger ambitions than that, however. The latest news is that it intends to expand the rebooted Fisker with a second model sometime in 2017. The company has not provided any details as to what that form that model might take, but prior to its bankruptcy, Fisker displayed a smaller concept sedan called the Atlantic at the 2012 New York Auto Show. Fisker had previously revealed the Surf wagon and Sunset convertible concepts based on the Karma as well, but there's no telling at this point if Wanxiang has any intent on putting those into production any time in the near future.

This is the Fisker EMotion

Here's our first official glimpse at the Fisker EMotion. It's sleek, for sure, and it definitely has a whiff of past and current electric vehicle design, including Fisker's previous range-extended Karma (now known as the Karma Revero) and the Tesla Model S and upcoming Model 3. Some of the similarities between all EVs are due to their aerodynamic shapes. And unlike most other EVs, though, the EMotion has butterfly doors. Fisker unveiled the EMotion via Twitter, and he says it will have a range of 400 or more miles and can recharge in as little as nine minutes – but that'll definitely depend on what kind of equipment its owner is charging with. It'll also be autonomous, according to Fisker, helped by the big LIDAR sensor built into its chrome front beak. Just what level of autonomous we're talking about remains to be seen. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. So far, we like what we see from Fisker. And, if the designer-entrepreneur manages to put this thing into production, we look forward to seeing it on the road. Related Video:

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.