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

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Henrik Fisker says he's developing EVs in 'stealth mode'

VLF Automotive added a second model to their small lineup earlier this year. While the Force 1 sports car continued the company's tradition of cars with big displacement gas engines, a story by The Detroit News reveals that corporate partner Henrik Fisker isn't done with electric cars. The story is basically an inside look at how the company operates along with some insight on the company from Bob Lutz, one of the founders, and Henrik Fisker. However, among general comments about the company, Fisker told Detroit News that he's "definitely working in stealth mode on electric cars of the future." The news outlet also reported that Fisker said he's nearing a battery breakthrough and there might be a future electric VLF bearing his name. His interest in continuing with EVs is consistent with past statements, but this is the first we've heard of him actively working on electric car technology. Fisker wanting to stay under the radar in regards to electric car development is also understandable. His previous self-titled car company showed promise with the beautiful Karma plug-in hybrid, but it went bankrupt and was sold off to a Chinese car company. The Chinese company renamed itself Karma and is planning on selling cars again soon. Fisker's other interim automotive ventures have been met with mixed success. He teamed up with Galpin Auto Sport to create a custom Aston Martin Vanquish and Ford Mustang. The former resulted in a lawsuit from Aston, and the latter had polarizing styling. Setbacks clearly don't discourage Fisker though, and he even has plenty of things outside of VLF to keep him busy. He's currently working on a yacht for boat-builder Benetti, and he told The Detroit News he even has an idea for a TV show about building cars. For more on Fisker and VLF, check out the whole Detroit News story here. Related Video: Featured Gallery VLF Force 1 V10: Detroit 2016 View 17 Photos News Source: The Detroit NewsImage Credit: Drew Phillips Green Fisker Automakers Electric Future Vehicles Henrik Fisker karma karma automotive vlf automotive vlf

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

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