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

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Fisker stops production, warns it may need to seek bankruptcy

Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy. The company didn’t make a required interest payment of about $8.4 million last week on its unsecured convertible notes due in 2026, according to a regulatory filing Monday. Fisker warned it may not be able to meet obligations to service its debt and “could need to seek protection under applicable bankruptcy laws.” Fisker shares fell as much as 14% shortly after the start of regular trading. The stock had plummeted 90% this year through last weekÂ’s close. Fisker also said Monday that it plans to raise as much as $150 million through a financing deal with the holder of its 2025-dated convertible notes. The Los Angeles-based EV maker didnÂ’t identify the existing investor and said the funding will be organized in four tranches and subject to certain conditions. The disclosures expound on the dire state of Fisker, which warned late last month that there was substantial doubt about its ability to stay in business. The company has said it will cut 15% of its workforce after struggling with production issues, software glitches and short-seller criticism. Fisker said it remains in negotiations with an unidentified large automaker about a potential investment and joint development partnership. Bloomberg reported earlier this month that the company was in talks with JapanÂ’s Nissan Motor Co., citing people familiar with the matter. In its statement, Fisker said it has about 4,700 vehicles in inventory worth more than $200 million. ItÂ’s pausing production in Graz, Austria, starting this week to sell down its supply of already-built EVs.   Earnings/Financials Plants/Manufacturing Fisker

New Fisker Karma spare parts coming soon

It's easy to fall in love with the Fisker Karma based on looks alone. Figure in the luxury interior, electric drivetrain, and the convenience of the extended range, and it's hard to fault anyone who took the plunge and plunked down their hard-earned dollars for this swank green machine. Things go wrong, sure, as they do with any vehicle, but when the company goes bankrupt and you can't get the parts to get your car running again, let's just hope you really like the way it looks in your garage. Fisker's new owner, Wanxiang, has some welcome news. "The Fisker team is settling and still negotiating with over 300 suppliers," says Linyun Frank Qi, Fisker Coordinator at Wanxiang America, in a note to the Fisker Owners Club. "Most of them are good to go now which means we will soon have access to all the parts and also means you will soon have access to them too." Qi says he had an accident of his own in the company show car, which is still in the shop, so he can empathize with other Karma drivers. Wanxiang, a highly profitable auto parts company, bought Fisker earlier this year, along with its battery supplier A123 Systems. The company says it has grown the Fisker team from 20 to 80 people in recent months. The news that parts will soon be available could also be evidence that Fisker is closer to beginning production of the Karma again. Fisker bought an old GM plant in Delaware as part of the deal to purchase the company, and has said that there is a "50-50" chance of building cars in the state. It also wants to build a second model beginning in 2017.

Fisker Alaska electric pickup is one of the coolest Cybertruck and F-150 Lightning rivals yet

The Fisker Alaska electric pickup truck. Fisker US EV startup Fisker unveiled an electric pickup to take on the Tesla Cybertruck and Rivian R1T.  Fisker says the Alaska will start at $37,900 after incentives and go on sale in early 2025. It offers an ingenious bed that extends from 4.5 feet to 9.2 feet.  EV startup Fisker wants to snag a chunk of America's pickup market from giants like Ford and GM.  The company on Thursday laid out plans for its next batch of products, including a very cool truck called the Alaska. Fisker didn't mention too many details, but we now know a few things about the upcoming truck.  "I think it's very important for us to say that we want to create unique vehicles," company CEO and designer Henrik Fisker said during the event.  The Fisker Alaska electric pickup truck. Fisker Fisker says it'll start at $45,400, or $37,900 after a $7,500 federal tax credit. That should make it one of the most affordable electric trucks in the US when it goes on sale sometime in early 2025.  The F-150 Lightning (a bigger truck, but still) was supposed to start at just under $40,000, but rising materials costs have pushed the entry-level model to $51,990. The Rivian R1T, a bigger, higher-end offering than the Alaska, costs $73,000 and up.  The Fisker Alaska electric pickup truck. Fisker That makes the Alaska look like a mighty compelling deal, if Fisker can keep the price where it is. There's also currently nothing like it. All the electric pickups out right now — the Lightning, GMC Hummer EV, and R1T — are fairly large. The soon-to-be-released Tesla Cybertruck looks like a pretty big boy too.  Fisker revealed three brand-new electric models and a new version of its Ocean SUV during an event in California. Fisker Fisker says the Alaska will fit somewhere between the compact and midsize categories. So think bigger than a Ford Maverick and smaller than a Toyota Tacoma. It could strike a chord with buyers who want an electric truck for casual errands but don't need anything huge.  During Thursday's product-reveal event, Fisker's CEO said the company didn't want to compete with full-size trucks and wanted to build a pickup that works well as a daily driver.  The Fisker Alaska electric pickup truck. Fisker Still, he wanted the Alaska to provide pickup utility when people need it. Thanks to a retractable wall between the cab and bed, the Alaska's 4.5-foot bed can fit items as long as 9.2 feet — if you fold the back seats and drop the tailgate.