2023 Fisker Ocean Extreme Sport Utility 4d on 2040-cars

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Fisker creditors want a repayment do-over

In February, the Chinese company Wanxiang won control of Fisker Automotive at a bankruptcy auction for a final bid of $149.2 million. The sale meant that Wanxiang would now have to deal with all of the creditors claiming that Fisker owed them money. Those individuals and groups had a combined $1 billion in claims, and they're not happy with how the bankruptcy is shaking out. In April, a settlement was announced that would see those unsecured creditors get back pennies on the dollar. The unsecured creditors are telling the bankruptcy court that they want the judge to take away control of the bankruptcy proceedings from Fisker and implement a new repayment plan. The request was filed by a committee representing the creditors, which said it could have the new plan submitted in a matter of days, if the judge agrees with the request. The committee says there are "unreasonable demands" in the current repayment plan, such as a big paycheck for Fisker's chief restructuring officer, worth $750,000. If the judge allows the unsecured creditors to file a new plan, it will result in the "best possible outcome," the filing said. We admit we're feeling a bit confused and dragged along by the Fisker bankruptcy proceedings. And we're quite sure that the new owners have got to be fed up as well, since they're likely to be in a bit of a time crunch if the company's really going to re-start Karma production next year.

Galpin Auto Sports and Fisker turn the Mustang into a Rocket in LA [w/video]

Galpin Auto Sport and Henrik Fisker made big promises about the Rocket before its debut at the Los Angeles Auto Show today, calling it the "ultimate American muscle car." Now that this 725-horsepower carbon-fiber Ford Mustang has officially been revealed, we've now got a chance to see if their vision backs up all the bluster. The Rocket is based off the latest 2015 Mustang, but the entire exterior design has been substantially reworked by Fisker. "This is a project born out of passion, it's a dream come true, to have the opportunity to 'touch' a Mustang and apply my design ideas to it," he says in the model's announcement. The biggest changes come up front, where Fisker has added a gaping hexagonal grille with a polished bar running and two nearly hidden driving lights at the top corners. Long nostrils run down each side of the hood, taking their inspiration from the 1968 Shelby GT500. The Rocket's design also emphasizes its scalloped sides, which run back to functional ducts at the rear to cool the Brembo Grand Turismo brakes. When checking out the Rocket from the rear, it's easy to spot the wider fenders that are beautifully blended into the integrated spoiler. The interior has been left mostly alone beyond some eye-grabbing red leather and carbon-fiber trim. Under the hood, Galpin spokesperson Nathan Hoyt has confirmed to Autoblog that the Rocket employs a 5.0-liter V8 with a Whipple supercharger which can be called to attention with a six-speed manual gearbox. It took only a few months for the vehicle to go from conception to reality. Fisker showed Galpin President Beau Boeckmann early sketches at this year's Pebble Beach Concours d'Elegance, and the two parties went from there. "When Henrik showed me his ideas, I got chills - it's literally the most beautiful Mustang I have ever seen," says Boeckmann in the company's release. Production is set to begin in December, with deliveries starting in early 2015. There's no set production total in mind for now, but Hoyt tells Autoblog that the price will be "just over $100,000." Scroll down to read all of the details about Fisker and Galpin's Rocket.

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.