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Fisker Ocean electric SUV rife with serious problems, internal documents show

On a typically sunny day in Los Angeles last June, Henrik Fisker choked up as he handed over his company's first all-electric SUVs in the United States. "I'm really kind of emotional about it, because we've been waiting two-and-a-half years for this, and everyone here has done a tremendous job," the founder and CEO said. The day had started on a celebratory note. Fisker, donning a graphic tee depicting the electric Ocean SUV, hugged and posed for photos with the company's first customers -- at one point even signing one of the vehicles. What happened next was a harbinger for Fisker and what his eponymous company continues to grapple with: Shortly after Fisker board member Wendy Greuel took delivery, her Ocean SUV lost power on a public road, according to two employees familiar with the matter. The company has confirmed the incident occurred, and said the issue with her vehicle was fixed. Two months later, Geeta Gupta Fisker -- the company's chief financial officer, chief operating officer and Henrik's wife -- took an Ocean out for a drive, only to have it suffer a similar fate, according to a cache of internal documents viewed by TechCrunch. Fisker also confirmed her vehicle lost power, blaming it on a compatibility issue with a special engineering data logger that is not in customer cars. In the months since, Fisker Ocean SUV customers have reported more than 100 separate loss-of-power incidents, the internal documents show. The company told TechCrunch it believes these problems are rare, and that it has resolved "almost all the issues" with software updates. Problems with the Ocean SUV, however, are not limited to the vehicle suddenly losing power, a review of nearly 200 documents shows. Customers have also reported sudden loss of braking power, problematic key fobs causing them to get locked inside or outside of the vehicle, seat sensors that don't detect the driver's presence and the SUV's front hood suddenly flying up at high speeds. The National Highway Traffic Safety Administration is currently investigating the braking problems, which Fisker claims it resolved. The company told TechCrunch that fixes for the other problems have either been implemented, or are coming in a "Version 2.0" software update scheduled to be released next week. Fisker launched the Ocean later than expected due in part to challenges with the SUV's software; the company spent much of last year making up for lost ground.

Troubled Fisker slashes price of leftover 2023 models

Fisker announced a round of drastic price cuts in a bid to offload its inventory of unsold 2023-model-year cars and hoist itself out of dire financial straits. The only model in its range, an electric crossover called Ocean, will cost up to $24,000 less beginning on March 29, 2024. The company offers three Ocean trim levels called Extreme, Ultra, and Sport, respectively. Updated pricing is as follows. 2023 Ocean Extreme: $37,499 ($24,000 less than before) 2023 Ocean Ultra: $34,999 ($18,000 less than before) 2023 Ocean Sport: $24,999 ($14,000 less than before) Note that these figures exclude destination and available incentives. Fisker notes that the price cuts only apply to 2023 models, which could deter some buyers. While these are new cars, and they feature the 2024 version of the company's operating system, some rival brands are already rolling out their 2025 models. To sweeten the deal, Fisker points out that the leftover 2023s are equipped with up to $7,000 in options including 22-inch wheels and extra-cost paint colors. Time will tell whether these massive discounts ($24,000 is about the price of a new Hyundai Kona) will allow the brand to trim down excess inventory. The Ocean's launch has been dotted with problems, including loss of power while driving, and the National Highway Traffic Safety Administration (NHTSA) opened a preliminary probe into the crossover due to four complaints "alleging unintended vehicle movement." Meanwhile, all is not well at Fisker. The company laid off about 15% of its staff earlier in March 2024 and warned that it risks running out of money. It later paused production of the Ocean, which is built in Austria by contract manufacturer Magna, because it's sitting on a global inventory of around 4,700 unsold cars worth over $200 million. Its shares were suspended from the New York Stock Exchange (NYSE) as talks with a major carmaker, widely rumored to be Nissan, fell through. Fisker has reportedly hired advisers for a potential bankruptcy.

Fisker teases electric crossover again and a high-vis turn signal

Elon Musk turns to Twitter when it's time to spread the Tesla news. Henrik Fisker perfers Facebook. The Danish-American designer took to FB once more to tease his coming electric crossover, this time showing a slice of the rear three-quarter. The feature he wants to highlight is the turn signal set into the D-pillar, which "will provide extra safety when you change lanes." There are a fair few other details to glean as well. Starting from the top, a sunroof opening appears mounted quite a bit rearward. The aperture appears small in view of Fisker promising us that pressing a button will open the roof to create "an extended open-air atmosphere;" so we expect there's another opening over the front seats. The belt line catches the eye; we'll see what it does for rear three-quarter visibility from the driver's seat. The pop-out door handles look to be illuminated by thin LED strips, and more such strips look to define the CHMSL on the tailgate spoiler and taillights. And note the curve of that seriously punched-out rear fender, designed to fit the optional 22-inch wheel. Fisker says the full-on reveal comes this December. From that point, it'll be around an 18-month wait for the production version, planned for the latter half of 2021. Many headlining features have been promised, from the "vastly spacious" and "innovative interior with new utility features," the "captivating design touches that have been traditionally reserved for supercars," and an as-yet-unidentified "new radical feature." Beyond the teasers, what we're expecting is a 300-mile range from a lithium-ion battery pack of at least 80 kWh, a single electric motor standard, two when optioned with all-wheel drive, and a price of under $40,000 to start. The electric mover will be one of three affordable EVs coming from Fisker gathered under the $129,000 EMotion flagship electric sedan. Expect more teasers before December.