2023 Fisker Ocean on 2040-cars

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Fisker to unveil its all-electric EMotion at CES in January

Back from the brink, electric carmaker Fisker says it will debut its EMotion sedan at the 2018 Consumer Electronics Show in Las Vegas in January. The EMotion is notable for several reasons, including its promised 400-plus miles of range, the ability to charge to 125 miles of range in just 9 minutes and its lidar autonomous technology. The car will also feature four butterfly doors and will be built with carbon fiber rims and a mixture of carbon fiber and aluminum in the body to save on weight. It's also the second go at building an EV for Fisker, which filed for Chapter 11 bankruptcy protection in 2013 after the Fisker Karma luxury plug-in hybrid fell flat. Fisker was sold in 2014 to Chinese auto supplier Wanxiang Group for about $149 million. And the EMotion can be yours for a cool $129,000. In fact, the company started taking pre-orders in June with a $2,000 deposit, even though the car won't come out until 2019. The EMotion is seen as a rival to Tesla, but CEO Henrik Fisker tells The Street he sees room for competition in the EV segment. "I don't think anyone is out to kill anybody," Fisker said. "Tesla doesn't really have a competitor. It doesn't look like one is going to emerge. I think it's time to move to a next level of this technology and I believe that we have come up with some real breakthroughs." Fisker also told The Street the company is simultaneously developing an affordable version of the EMotion, aimed to be priced around $34,000, that's due out in 2020. That's just a hair under the $35,000 base price of the Tesla Model 3. The veteran car designer first revealed the EMotion via Twitter in June. He told Autoblog recently that he's looking to buy an existing factory to build the car but hadn't yet chosen one, saying "We don't have to make a decision until the end of the year." The EMotion will be powered by two electric motors giving it all-wheel drive, lithium-ion battery packs sourced from LG Chem with a cooling system designed by Fisker that increases energy density. Related Video: Featured Gallery Fisker EMotion View 14 Photos News Source: The Street Celebrities Green Plants/Manufacturing CES Fisker Tesla Green Automakers Technology Emerging Technologies Autonomous Vehicles Electric Sedan Henrik Fisker

Fisker will borrow $5M from Wanxiang as interim solution

It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang Group. It's a start. A US bankruptcy court judge said Wanxiang could loan Fisker $4.98 million for interim financing purposes while the China-based company waits to get antitrust clearance from the US government to buy the now-dormant California-based company, Bloomberg News says. Fisker is seeking another $10.5 million in loans via a debtor-in-possession loan. After that, things get real interesting as everyone from the state of Delaware to General Motors to Finland's Valmet Automotive and more than 600 other entities have gotten in line to collect on what's alleged as $985.4 million in debt. Last month, Wanxiang won a bid against Hong Kong-based Hybrid Tech Holdings for Fisker, which hasn't made any Karmas since mid-2012. Wanxiang will pay $149.2 million, including $126.2 million in cash and $8 million in assumed liabilities, for Fisker. The automaker filed for bankruptcy last November and Wanxiang bounced the company back as the The New Fisker this week.

Fisker Ocean takes to L.A. Auto Show

Fisker has brought the new Ocean EV to the L.A. Auto Show, with a public preview at Manhattan Beach and a presence at the show itself. You can watch the public show reveal above, and see more shots from the show floor below. Fisker says the Ocean will start at $37,499 before incentives. That entry model would be the Sport trim with a single, 275-horsepower motor driving the front wheels and 250 miles of estimated range. It also has a 0-60 time of 6.9 seconds. Moving up to the Ultra version at $49,999 gets dual-motor all-wheel drive, 540 hp, 340 miles of range and a 0-60 time of 3.9 seconds. The $68,999 Extreme trim gets AWD, 550 hp, 350+ miles of driving range and a 3.6-second 0-60 sprint. Fisker Ocean View 5 Photos Fisker also touted the previously announced lease program where customers can choose the length of the lease with a monthly price as low as $379 a month. The lease fleet would be in service for twelve years before being completely recycled by Fisker. The electric ute will feature eco-friendly materials (recycled fishing nets and T-shirts, for instance), a solar roof that can open in a "California Mode," a multi-link rear suspension to help bolster its sporting chops and an aerodynamic system that aims to balance minimizing drag with optimized cooling. We've also already seen a 'Force E' package that would turn the Ocean into a more rugged off-roader for interested fleets.   > More L.A. Auto Show coverage   Today, Fisker also showed the Ocean's rotating infotainment screen, which can be oriented in portrait or landscape mode. At a sneak preview near the company HQ in Manhattan Beach, Henrik Fisker said the company logo is inspired by an ocean sunset. "That's where the orange and blue come from," he said, "with the two vertical lines symbolizing thee designer's pencil and the engineer's ruler — the tools of our trade. My inspiration for the logo happened on a day very much like this one." The new affordable EV crossover is scheduled to begin production a year from today at Magna-Steyr's Graz, Austria factory, though Henrik Fisker said the company is moving fast and could possibly deliver units before then. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.