2023 Fisker Ocean on 2040-cars

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Over 40,000 customers reportedly cancel their Fisker Ocean reservation

Fisker's ongoing financial troubles have reportedly scared off a substantial number of the buyers who reserved the electric Ocean crossover with a refundable deposit. The company has lost more than 40,000 reservations that it will need to reimburse, according to a recent report. Citing leaked data and internal metrics, Business Insider wrote that Fisker received between 70 and 80 cancellations per day "in a recent seven-day average." The total number of canceled reservations stands at over 40,000, the report said, which represents a huge chunk of the reported 70,000-plus reservations the firm has collected since it opened the order book in November 2019. Fisker hasn't commented on the report. If this is accurate, the cancellations compound Fisker's problems in several ways. First, the brand's sales forecast has seemingly fallen by over 50%, meaning its revenue forecast has inevitably dropped by the same number. This comes at a time Fisker needs to generate more sales in order to stay afloat; it recently paused production of the Ocean to save money, and it's sitting on a massive inventory of unsold cars. Second, Fisker will need to refund the deposit it collected from every reservation holder who cancels, according to Business Insider and the brand's terms and conditions. It costs $250 to reserve one example of the Ocean and $100 for each additional reservation; both sums are refundable. Fisker keeps the $25 processing fee that's added to every reservation, however. The publication estimates Fisker owes its customer base about $9 million. It adds that "a few thousand" customers have separately canceled an order, though the $5,000 deposit on those isn't fully refundable. It's not far-fetched to assume some of the customers who reportedly canceled a reservation realized they can get a new Ocean right away for much cheaper than initially advertised — Fisker slashed the price of its leftover 2023 models by up to $24,000 in March 2024 to trim its inventory of unsold cars and generate cash. Other customers might have simply lost faith in a company teetering on the brink of bankruptcy. While the Ocean, which is built by Magna in Austria, is the only Fisker model that has reached production, the company has shown three other electric cars that it began taking reservations for and ostensibly planned to sooner or later build. There's a pickup called Alaska, a city car named PEAR, and a four-door convertible known as the Ronin.

Fisker Ocean EV production to ramp up to 300 units a day in fourth quarter

Electric-vehicle startup Fisker said on Thursday it expects to increase the production of its Ocean sports utility vehicle to about 300 units a day in the fourth quarter from around 180 units. The company has a manufacturing tie-up with Canadian auto part supplier Magna International, which produces its vehicles for the European and North American markets. Vehicle deliveries are expected to accelerate in North America in September, CEO Henrik Fisker said. As of Sept. 4, Magna has manufactured 3,123 vehicles, with just under 3,000 handed over to Fisker, the company said, adding that more than 450 Fisker Oceans in the US have been either delivered to customers or are in the process of being delivered. Last month, Fisker cut its annual production target due to supply chain issues. That overshadowed a smaller-than-expected quarterly loss and its first revenue from deliveries of electric sport utility vehicles. Even as suppliers recovered from a "COVID hangover" to keep pace with Fisker's production ramp-up, one key supplier of a complicated part which needs specific skilled labor, is taking longer than expected, the company had said. Green Plants/Manufacturing Fisker Crossover Electric

Edmunds bought a Fisker Ocean, warns others not to make the same mistake

We're going to guess you were not considering buying a 2023 Fisker Ocean SUV, even at the recent deeply discounted prices. However. On the microscopically remote chance you were considering acquiring an Ocean, Edmunds suggests you reconsider. In fact, the car-buying site doesn't merely suggest, it headlines a piece on the battery-electric SUV it bought in January, "Do not buy a new Fisker Ocean; Fisker's uncertain future makes buying an Ocean too much of a gamble." What makes the Edmunds piece more interesting than information you already know or mere piling on is that the site details much of its time with the Ocean, from the sorely under-baked delivery version that they paid $69,012 for to the slightly more livable but still misfit version missing promised features and recently hammered by at least 43% in depreciation. Similar to the issues Edmunds had with its Chevrolet Blazer EV, the Ocean's dash loved to throw up warning lights and errors before the OS 2.0 software update. The key fob had separation issues, occasionally needing to touch the door handle to unlock the SUV; Edmunds didn't mention the door latch issue the NHTSA is investigating. The Ocean's audio system enjoyed giving the silent treatment, and the e-motors wouldn't hold the vehicle when stopped on a hill.   The 2.0 software apparently fixed the fob, the dash lights, and infotainment responsiveness, while adding features like data on solar panel energy and trailer sway control. But the anticipated adaptive cruise control didn't materialize, and the new brake hold feature relies on a fiddly driver's-seat sensor that can put the Ocean in Park if the driver shifts their weight in the seat.     So, you can get an Ocean in dealer inventor today for fixed pricing as low as $24,999, no matter the options. Edmunds advises: Don't. Meanwhile, the latest report is that Fisker has withdrawn its financial guidance for the year while it tries to scare up a rescue plan. Even brand-specific forum Fiskerati jumped ship — it's now a general EV-focused site called CH4RGE. The All Things Fisker forum remains, though, and its current trade-in prices thread is brief, wild reading, from dealers unwilling to take the car, to initial offers in the $20,000s to $40,000s dropping to zero, to a few posters determined to stick it out with their delivered cars.  It's not like the Ocean's alone in foibles, though. The Issues.