2023 Fisker Ocean on 2040-cars

Auto blog

Fisker Ocean shows its Revolve infotainment screen

Fisker Automotive is finally spotlighting a feature that got talked about at the global debut of the Ocean SUV at last year's L.A. Auto Show, but we didn't see in action. It's called Revolve, and does just that to the Ocean's 17.1-inch infotainment screen. Vertical orientation is called Control Mode, when occupants are using the screen for all of the typical infotainment purposes. At what we imagine is the press of a button, the screen rotates 90 degrees clockwise to enter what's referred to as Hollywood Mode, wherein its 16:9 aspect ratio would make it ideal for watching movies and playing games. Screen sounds get piped through a 16-speaker audio system. The cinematic rotation can only be had while parked, we're told. Buyers who want the presto-change-o viewing options might need to step to the top of the Fisker Ocean range; we know Revolve will come standard on the top Extreme trim. It will also be included with the Ocean One, but that model is limited to the first 5,000 units built. The series production Extreme starts at $68,999 before destination, comes with a dual-motor AWD powertrain putting out 550 horsepower, and is expected to get more than 350 miles on a charge. It's unclear at the moment whether the entry-level Ocean Sport and midgrade Ocean Ultra will offer Revolve as an option. When in Control Mode, the screens will be running a custom infotainment software Fisker is developing with Japan's Sharp Corporation, running on screens developed just for Fisker's line of vehicles. The company said, "Our collaboration with Sharp is set to create exciting new automotive display systems, featuring innovative backlight solutions to improve illumination without increasing power consumption – in addition to class-leading resolution, bezels, and design." The Ocean is slated to enter production at a Magna Steyr facility in Austria in November. If history is a guide, initial deliveries will prioritize more expensive reservations.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Henrik Fisker interview, and driving the Polestar 2 | Autoblog Podcast #643

Recharge Wrap-up: VW CEO mulls battery factory, voters approve $201B in transportation funding

Volkswagen Group CEO Matthias Muller says that it would "make sense" for the automaker to begin producing its own batteries. As the company moves toward electrification, Muller says it would be a smart move to build a battery factory. "If more than a quarter of our cars are to be electronic vehicles in the foreseeable future then we are going to need approximately 3 million batteries a year," he says. Volkswagen has agreed to cut 30,000 jobs in its restructuring, while committing to creating 9,000 jobs in Germany through battery manufacturing and mobility services. Read more at Automotive News Europe. Election results show a desire for transportation funding. Earlier this month, voters in 22 states approved ballot measures adding up to $201 billion in funding for transportation projects, according to the American Road & Transportation Builders Association. California passed 15 transportation measures, including one in Los Angeles worth $120 billion for roads, bridges, and transit. The state of Washington secured $54 billion for light rail and buses. Atlanta approved about $4 billion for road and transit projects. Illinois and New Jersey passed measures to prevent the diversion of transportation user fee revenue to other industries. Read more from ITS International. The US Department of Energy (DOE) must hand over confidential documents about Fisker's bankruptcy. A Delaware federal judge ordered the DOE to give the documents – which concern a presentation by Fisker to the DOE in which it falsely claimed to meet milestones set forth in a government loan – to lawyers in a case in which investors claim Fisker lied to them about financial troubles. While the DOE has given over documents already, they were incomplete and heavily redacted. "I understand that such disclosures may have a negative impact on future DOE analyses," says US District Judge Sue Robinson. "but conclude nonetheless that under the circumstances at bar – the public money at stake, the Congressional hearings, and the fact that Fisker Automotive is now a defunct company – the balance of interests favors plaintiffs." Read more at Law360. Related Gallery Volkswagen I.D.

As Fisker heads toward liquidation, creditors fight over assets

NEW YORK — Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a battle over which group will be paid first.  Fisker filed for bankruptcy protection in Delaware on Monday after burning through cash in an attempt to ramp up production of its Ocean SUVs. The company initially said it would seek additional financing and continue "reduced operations," but Fisker's attorney Brian Resnick said at the hearing in Wilmington the company does "not currently anticipate being able to obtain financing."  Resnick told U.S. Bankruptcy Judge Thomas Horan that the company planned to liquidate its assets, and it has reached a tentative deal with a single buyer for all of its 4,300 vehicles.  The California-based company, founded by automotive designer Henrik Fisker, was never profitable, with about $273 million in revenue in 2023 and a net loss of $940 million.  Fisker owes over $850 million to two groups of bondholders, and attorneys for the larger group accused a minority faction led by Heights Capital Management of seizing control of Fisker's debt in November through a "suspect" transaction with Fisker.  At the time, Fisker was late in providing audited financial statements due under its debt agreements, and Heights used that "minor, technical default" to claim all of Fisker's assets as collateral on its bonds, Alex Lees, an attorney for other bondholders, said.  "They basically handed the whole business over to Heights," Lees told Horan. "Fisker has been liquidating outside of this court's supervision, basically for one creditor's sole benefit."  Lees said that Fisker should have filed for bankruptcy in November. His group intends to challenge the November agreement that put Heights at the front of the line for repayment in Fisker's bankruptcy, Lees said.  Heights' attorney Scott Greissman said Lees' claim was "outrageous" and that Heights tried to help Fisker survive.  "There may be a lot of disappointed creditors, but none more than Heights," Greissman said.  Greissman said the expected sale of Fisker's fleet would pay only a "fraction" of Heights' $185 million in debt. That would leave little hope of repayment for other creditors.  Linda Richenderfer, an attorney for the U.S.