2023 Fisker Ocean on 2040-cars

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Fisker cancels roadside assistance service in the United States

Fisker is reportedly in talks with several companies about a potential take-over, but a deal hasn't been announced yet and its troubles aren't over. The brand has notified owners of the Ocean, its only production model, that it will no longer provide a roadside assistance service. "We have an important update regarding our Roadside Assistance services that we want to share with you. Despite our best efforts, we regret to announce that Fisker Roadside Assistance is no longer available," the brand wrote in an email sent to its customers in May 2024. Several owners posted a screenshot of the email on Reddit, and a spokesperson for Fisker confirmed that roadside assistance is no longer available in our market in a statement sent to website CarScoops. Roadside assistance has already been canned in markets across Europe. Details about the service still appear on Fisker's website. Roadside assistance was available in all 50 states, 24 hours a day, and 365 days a year. The plan was valid for six years or 60,000 miles after the sale date, whichever came first. It covered a wide range of problems including mechanical disablement, a loss of power, a flat tire, and a lockout. Crucially, the fine print notes that Fisker "reserves the right to revise or discontinue specific roadside assistance benefits at any time without notice or refund, reimbursement, or credit to the owner." Fisker's recent financial problems are well documented, but the company seemingly believes there's a light at the end of the tunnel. It added three stores to its American dealer network in May 2024: Newport Fisker in Orange County, Fisker of San Jose, and Belford Fisker in New Jersey. These outlets will initially help the brand liquidate its inventory of left-over 2023 cars, which received a big price cut earlier in 2024. However, Fisker reportedly sent its staff members an email warning of company-wide layoffs that could start on June 28, 2024. Green Fisker Electric

Fisker stops production, warns it may need to seek bankruptcy

Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy. The company didn’t make a required interest payment of about $8.4 million last week on its unsecured convertible notes due in 2026, according to a regulatory filing Monday. Fisker warned it may not be able to meet obligations to service its debt and “could need to seek protection under applicable bankruptcy laws.” Fisker shares fell as much as 14% shortly after the start of regular trading. The stock had plummeted 90% this year through last weekÂ’s close. Fisker also said Monday that it plans to raise as much as $150 million through a financing deal with the holder of its 2025-dated convertible notes. The Los Angeles-based EV maker didnÂ’t identify the existing investor and said the funding will be organized in four tranches and subject to certain conditions. The disclosures expound on the dire state of Fisker, which warned late last month that there was substantial doubt about its ability to stay in business. The company has said it will cut 15% of its workforce after struggling with production issues, software glitches and short-seller criticism. Fisker said it remains in negotiations with an unidentified large automaker about a potential investment and joint development partnership. Bloomberg reported earlier this month that the company was in talks with JapanÂ’s Nissan Motor Co., citing people familiar with the matter. In its statement, Fisker said it has about 4,700 vehicles in inventory worth more than $200 million. ItÂ’s pausing production in Graz, Austria, starting this week to sell down its supply of already-built EVs.   Earnings/Financials Plants/Manufacturing Fisker

2017 Karma Revero starts at $130,000, and more new details about the reborn Fisker

It was not obvious that the eyes of the automotive world would focus on Huntington Beach, California today for the launch (sort of a relaunch) of the Karma Revero. The unlikely rebirth of the Fisker Karma has taken a long while, and you'll be forgiven if you thought that Fisker's bankruptcy filing in 2013 signaled the end of the swoopy plug-in hybrid. Sure, at the time there was talk of the Karma returning some day, but in the era of plug-in vehicle pioneers like Aptera, Bright Automotive, and Phoenix Motorcars fading away in the figurative pages of Chapter 11 filings, who really thought it would happen? Wanxiang, that's who. Based in China, Wanxiang bought the rights to the Fisker assests back in February 2014 for $149.2 million. As we learned today in Huntington Beach, there were only 22 Fisker employees left at that time. A year later, in March 2015, the new Karma Automotive had 203 employees. There were 697 in August 2016 and the plan calls for 967 by the end of 2016. That's just one example of the intentional and dramatic growth that Karma is putting into bringing the Revero to market. Or back to market. Whatever. Here are seven things we learned about the Revero and Karma Automotive. The MSRP will be $130,000. The Fisker Karma started at $103,000, so the Revero's new $130,000 starting price tag is a bit of a jump. Aside from colors, wheels, and calipers, there won't be many options, either. Of course, there's a lot that's new and different about the car, and that costs money, but if you couldn't afford a Fisker, don't bother shopping for a Revero. The gas engine and most of the remains the same, but there have been upgrades. Just like the Fisker, the Revero uses a 260-horsepower, turbocharged four-cylinder engine from General Motors. But on the electrical side, things have gotten better. DC fast-charging at 40 kW is now available and the on-board charger has been upgraded from 3.3 kW to 6.6 kW. The battery is similar (it still uses A123 cells, which isn't a surprise), but the capacity has been increased from 20.4 kWh to 21.4 kWh, which will be good for 50 miles or range. The 0-60 time has been dropped by a second to 5.4 seconds in Sport mode. Nothing has been finalized yet, but apparently Karma expects the EPA fuel efficiency numbers to be roughly the same as before. The infotainment system has been totally redone.