2023 Fisker Ocean on 2040-cars

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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

U.S. opens another probe into Fisker's cars, over brake issue

  The National Highway Traffic Safety Administration on Friday opened a preliminary probe into 6,813 Fisker Ocean SUVs built in 2023, after complaints that the automatic emergency braking system used in the electric vehicles had activated inadvertently. The regulator said its Office of Defects Investigation has received eight complaints alleging activation of the braking system without an apparent roadway obstruction in the vehicle's forward path, resulting in sudden vehicle deceleration. Three of the complaints alleged an injury, the safety agency said. NHTSA's preliminary evaluation will look into the scope and severity of the potential problem to assess its impact on safety. The regulator could close the investigation into Fisker without taking any potential action. The probe adds to Fisker's woes as its Ocean SUVs were already under investigation by the NHTSA for three prior incidents. Last month, the safety regulator received complaints that the doors of the company's EVs sometimes failed to open. Fisker had flagged "going concern" doubts in February, followed by delisting of its stock from the New York Stock exchange and the collapse of talks with a large automaker for a potential deal in March. The startup had said in April it failed to make an interest payment of about $8.4 million on some notes due in 2026 during a 30-day grace period. The cash-strapped firm initiated insolvency proceedings for its Austrian unit on Tuesday, as it looks for strategic options to raise money to meet its debt obligations. 

Karma Revero refresh spied with carryover Fisker interior

The Karma Revero debuted last year, rising from the ashes of the Fisker Karma. Really, the Revero was little more than a Fisker with a fresh badge. As charming as the mustachioed face may be, it didn't do anything to set the car apart. A much-needed refresh is on the way, though how much it changes remains to be seen. Based on these spy photos, it doesn't look like much will change between the A and C-pillars. That goes for the interior, too. This might come as a bit of a disappointment, as the car has a slick interior design, but it sacrifices a lot in terms of ergonomics and space. On the outside, the Revero will get new front and rear fascias with new lighting and a longer hood. Don't expect too many changes to the powertrain. The GM-sourced turbo inline-four is paired with electric motors for a healthy 403 horsepower and 981 pound-feet of torque, though the sheer size and weight of the Revero means it's not particularly fast. Rumors suggest that the next Karma model, the Atlantic, will ditch the GM powertrain all together. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.