2023 Fisker Ocean One on 2040-cars

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Fisker cuts production forecast as challenges mount for EV startups

Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to ramp up output in the face of supply chain constraints, easing demand and a tight cash position. Shares of the company slumped 12% in premarket trading. This comes just days after the automaker announced it had delivered its first Ocean SUV in Denmark, followed by its first vehicle registration in Germany. The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc, sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided with rising interest rates and sluggish demand, with many grappling with production challenges. Market leader Tesla has also cut prices to stoke demand. Fisker now expects to produce between 32,000 and 36,000 units in 2023, compared with its previous target of 42,400 cars. The company blamed the cut on supply chain issues and an updated timing for homologation, or the certification for roadworthiness. Its 32-cent per share adjusted loss for the first three months of the year was also larger than Wall Street estimates for a 30-cent loss, according to Refinitiv data. As of March 31, Fisker had about $652.5 million in cash and cash equivalents, compared with $1.04 billion a year earlier. The company expects to produce between 1,400 and 1,700 vehicles in the second quarter. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Green Plants/Manufacturing Fisker SUV Electric

Henrik Fisker interview: the EMotion EV, and a 'game-changer' charging method

In Torrance, Calif., a Danish-born designer-cum-CEO is putting his own name behind a car company he's building. It's not the first time Henrik Fisker has done this, but perhaps it'll go a little more smoothly this time around. The timing seems better for what he wants to do, which is launch a high-end, long-range electric vehicle. It's not settled where Fisker will build its first car, the $129,900 EMotion EV, yet. The company is looking to buy an existing factory but hasn't chosen one yet. Henrik Fisker tells us they've looked at a few, but with no hint of pressure in his voice, says, "We don't have to make a decision until the end of the year." Fisker expects to begin producing the EMotion in 2019. FISKER EMOTION: THE BASICS The Fisker EMotion is powered by two electric motors, one in the front and one in back, giving it all-wheel drive. Fisker told us the EMotion has "a new type of electric motor that we are working on together with a very large supplier." He said it's efficient, light, and compact, but declined to offer up other details, including output. That announcement will come later. In terms of aerodynamics, Fisker says there's a limit to what you can do and still make the vehicle look nice. "You can make a pretty ugly car that's very aerodynamic. You probably remember the GM EV1 that was super aerodynamic, but not necessarily a very pretty car. The Fisker brand is about good-looking cars." Fisker says, though, that there are aero benefits that an electric powertrain makes possible. He was able to lower the front of the EMotion, which he says really makes this four-door look evolved compared to the traditional sedan. With no gasoline engine up front, that lowered cowl also improves the view of the road ahead. Because of its electric layout, The EMotion is able to have its wheels at the very corners, with minimal front and rear overhang. The car features what Fisker calls a "very, very dramatic" functional rear diffuser, which takes advantage of the EV's flat underside. The EMotion also has a small integrated rear spoiler, and airflow around the wheels was optimized without disrupting the car's sculptural look. With the EMotion, Fisker wants to blend sport with luxury. Again, thanks to the packaging of the electric powertrain, the company is able to create a roomy interior by pushing the windshield forward and the rear window back. Fisker even goes so far as to compare the rear legroom to that of a BMW 7 Series.

2021 L.A. Auto Show roundup | All the reveals, reviews, pictures

The L.A. Auto Show took place this week for the first time since the onset of the pandemic. It was a show packed with news and reveals, which hasn't really been the case with other shows we've seen this year, and Autoblog was on the floor covering every minute of it. Well, Riswick and Stocksdale were, anyway. The rest of us were sitting at home in our sweatpants, but hey, we'll take credit anyway. Let's get to it. Hyundai Seven Concept This is the Hyundai Seven Concept, and it’s meant to act as a preview for an incoming electric SUV for the Ioniq brand. It leans more toward the concept side of the spectrum than a production car, but expect the final SUV to take design cues from the Seven Concept. Kia Concept EV9 The Hyundai Seven counterpart isn't the only big, bold electric SUV at L.A. this year. Kia has its own take, and it's a modernized version of the traditional boxy utility vehicle called the Concept EV9. It also previews one of the next production electric cars for the brand, which should look right at home next to things like the Telluride. 2023 Kia Sportage HEV As promised, the 2023 Kia Sportage HEV has been revealed. The hybrid powertrain makes the compact SUV the most powerful version available, and it goes on sale next year. The engine is a turbocharged 1.6-liter four-cylinder paired with a 44-kW electric motor. Total output is 226 horsepower. The company didn't give a torque number, but it should basically be the same as the Sorento HEV that has the same basic powertrain: 258 pound-feet. Those numbers are a healthy step up from the 187 horsepower of the base 2.5-liter engine. 2022 Range Rover If you noticed how extra smooth and suave the new Range Rover looked during its recent reveal, Autoblog's James Riswick got a design tour that revealed some of the technological secrets to its success. "Less is more" is harder to achieve than it looks. Fisker Ocean 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. 2023 Toyota bZ4X This is the 2023 Toyota bZ4X, due to hit U.S.