2023 Fisker Ocean on 2040-cars

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The New Fisker website goes live, says Karma warranties limited to $2,000

If there's any question where Wanxiang hopes to take the remains of Fisker Automotive, just take a look at The New Fisker, a fresh official website for the bankrupt automaker. While the text available there hedges about just when and how the company will restart production, it is clear from the pictures that the company is ready to make the Atlantic PHEV concept a reality. The site even says, "Hello Future. Meet the Atlantic." But, for now, The New Fisker is more about the nitty-gritty details about how to convert the brand from a troubled mess into something people will want to spend money on again. Reassuringly, the site doesn't shy away from the automaker's disappointing past with this timeline, which includes the good and the bad from the past seven years. As for the future, Wanxiang is talking about restarting Karma production "as fast as possible," (maybe at Valmet, maybe Delaware, maybe somewhere else) as well as introducing new Fisker models, the Atlantic, Surf and Sunset concepts that we have seen before. The new Karma could be better than the old ones, since Wanxiang says it will use the long production break, "to improve on Karma and give the customers the outstanding experiences they deserve." The New Fisker says Karma warranties will only cover "a maximum of $2,000 per vehicle." If something goes wrong with an old Karma on the road (like, say, breaking down before you put 200 miles on it), will it be covered by warranty? Sort of. Wanxiang says it is bound by the United States Bankruptcy Court for the District of Delaware sale order to an Asset Purchase Agreement that limits the company to a total of $400,000 for warranty coverage, and a maximum of $2,000 per vehicle. The New Fisker apologies for the situation - "We understand if you are an owner and paid good money for your vehicle, $2,000 is not what you bargained for or expected. ... We are already hard at work discussing ways that we can make this a better experience for all current Fisker owners and hope to bring better news to each owner in the near future" - but that's all you can get today. We're reproduced The New Fisker's current FAQ below. Note that there is no mention of the Destino anywhere, despite the ties between Wanxiang and Bob Lutz's project. Are there any plans for new Fisker models? We are excited about the Karma and truly believe we can launch the Atlantic, Surf and Sunset in the future.

Fisker Ocean to be sold in India, Pear could be built there

NEW DELHI (Reuters) - Fisker says it will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July and could begin manufacturing its cars locally within a few years, the company's chief executive officer told Reuters. Sales of electric cars in India will increase by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage. "Ultimately, India will go full electric. It may not go as fast as the U.S., China or Europe, but we want to be one of the first ones to come in here," Fisker said. Electric cars currently make up just 1% of India's roughly 3 million annual car sales, with insufficient charging infrastructure and high battery costs partly to blame for the slow shift. The government, which wants to increase this share to 30% by 2030, is offering companies billions of dollars in incentives to build their EVs and associated parts locally. Tesla put its India entry plans on hold after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test the market before committing to local manufacturing. While Fisker admitted it is "very expensive" to import vehicles into India, the company wants to use the Ocean to build its brand, with its premium pricing likely to limit numbers, he said. The Ocean retails at around $37,500 in the United States but importing it to India would add logistics costs and a 100% import tax. That would put it out of reach of most buyers in a market where the bulk of cars sold are priced under $15,000. "Ultimately, if you want to have somewhat of a larger volume in India, you almost have to start building a vehicle here or at least do some assembly," Fisker said. The company's next EV, the smaller Pear pictured in a rendering above, is being considered for production in India but not before 2026, he said. "If we can get that vehicle just below $20,000 locally in India, that would be ideal. Then I think we'll get to a certain volume and market share," he said, adding that if they find the right local partner the timeline could be shorter. To set up a plant in India would require volume of at least 30,000 to 40,000 cars a year, Fisker said. He did not directly comment on the size of investment the company considered necessary, but said that to set up a plant with an annual production capacity of 50,000 cars would likely cost $800 million in India.

Fisker Ocean enters production this week without some ADAS features

At the beginning of the year, Henrik Fisker said his eponymous company anticipated the Ocean battery-electric crossover entering production in November, first deliveries happening in early 2023. In the latest update during the Q3 earnings call with analysts, Fisker said everything is on track, the Ocean expected to start rolling down the production line at Magna Steyr's facility in Graz, Austria on November 17. If that happens, then dealers would be handing over the first sets of keys to retail customers next February. Hitting the milestones might be a bigger pick-me-up for Fisker than the customers, showing the longtime design executive may finally have the right team in place to become a successful auto executive. There will be some hiccups, however. Automotive News reports the first Oceans will be delivered without some software features because Fisker doesn't want to delay production while the coding is sorted. Most of the omissions are from Fisker Intelligent Pilot, the advanced driver assistance suite. Affected units will not have automatic high beams, blind-spot monitoring, and lane-keep assistance, which the company hopes to add with an over-the-air update early next year. Based on the production timeline, that could mean only the Fisker Ocean One, limited to 5,000 units and built into Q2 of next year, will be affected. Lane centering and traffic-jam assist are anticipated to come at the end of 2023. Cruise control is another casualty, unavailable until later next year. Fisker told Autonews he believes "There's also, quite frankly, a lot of customers that may not care about it, so why wait to launch the vehicle? And you know you're going to maybe get it three months, six months, nine months later." Based on the analyst call, Fisker Automotive is prepping for the trials of homologation in Europe and the U.S., and wants to do as much as possible at once instead of doing piecemeal software certifications. Delivering vehicles without certain software-enabled features that will be added later shouldn't surprise anyone. Volkswagen did the same with the ID.3 launch. Meanwhile, the chip shortage convinced legacy OEMs to sell cars without features that couldn't be added later.   Fisker's production ramp-up for 2023 intends for Magna to build more than 300 units in Q1, more than 8,000 units in Q2, more than 15,000 units in Q3, and at least 19,100 units in Q4, making a total of 42,400 Oceans. As mentioned, the first 5,000 will be the Ocean One.