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

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Fisker tells its staff that four companies are interested in buying it

Fisker is nearing bankruptcy, but there might be a light at the end of the long, dark tunnel it's been traveling in for the past few months. Four companies have shown an interest in buying the troubled brand, according to comments made during a meeting by founder Henrik Fisker. "We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs," the executive said during what's described as an "all-hands meeting" for staff members held earlier this month. "However, they obviously need time to get some diligence." Business Insider, who reported the comments, adds that Fisker didn't reveal the identity of the four companies. He specified that they're car companies, but that's a vague term that could refer to anything from a small startup with shady backing to a major group that's been around for over a century. Similarly, there's no word on how long it will take for these companies to decide whether to make an offer on Fisker. In spite of its setbacks, including damning reviews of the only model it has managed to bring to production, a National Highway Traffic Safety Administration (NHTSA) probe, and reports of thousands of canceled orders, Fisker seemingly remains fairly attractive to investors. Nissan briefly considered buying the carmaker earlier in 2024 but the talks ended without a deal, according to an earlier report. Deutsche Bank is helping Fisker look for takeover candidates, and the company has already turned down one offer that wasn't "sufficient," its CEO said. Fisker hasn't commented on the report. Meanwhile, industry trade journal Automotive News (subscription only) reports Henrik Fisker has listed his personal home — an 11,800-square-foot mansion in Hollywood Hills — for sale at $35 million, though you can also rent it for $125,000 per month. The publication notes $35 million is more than Fisker's market cap, which stood at $33.7 million when it was delisted from the New York Stock Exchange.  

Fisker Ocean shows its Revolve infotainment screen

Fisker Automotive is finally spotlighting a feature that got talked about at the global debut of the Ocean SUV at last year's L.A. Auto Show, but we didn't see in action. It's called Revolve, and does just that to the Ocean's 17.1-inch infotainment screen. Vertical orientation is called Control Mode, when occupants are using the screen for all of the typical infotainment purposes. At what we imagine is the press of a button, the screen rotates 90 degrees clockwise to enter what's referred to as Hollywood Mode, wherein its 16:9 aspect ratio would make it ideal for watching movies and playing games. Screen sounds get piped through a 16-speaker audio system. The cinematic rotation can only be had while parked, we're told. Buyers who want the presto-change-o viewing options might need to step to the top of the Fisker Ocean range; we know Revolve will come standard on the top Extreme trim. It will also be included with the Ocean One, but that model is limited to the first 5,000 units built. The series production Extreme starts at $68,999 before destination, comes with a dual-motor AWD powertrain putting out 550 horsepower, and is expected to get more than 350 miles on a charge. It's unclear at the moment whether the entry-level Ocean Sport and midgrade Ocean Ultra will offer Revolve as an option. When in Control Mode, the screens will be running a custom infotainment software Fisker is developing with Japan's Sharp Corporation, running on screens developed just for Fisker's line of vehicles. The company said, "Our collaboration with Sharp is set to create exciting new automotive display systems, featuring innovative backlight solutions to improve illumination without increasing power consumption – in addition to class-leading resolution, bezels, and design." The Ocean is slated to enter production at a Magna Steyr facility in Austria in November. If history is a guide, initial deliveries will prioritize more expensive reservations.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Henrik Fisker interview, and driving the Polestar 2 | Autoblog Podcast #643

Fisker trying to secure Volkswagen's MEB platform for the Ocean

Henrik Fisker took his beating, stayed in the ring, and appears to be getting on top of the fight to be an electric vehicle automaker. At the beginning of the week, Fisker Inc. announced a merger with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp, backed by private equity firm Apollo Global Management. The merger would value Fisker at $2.9 billion in preparation for a listing on the New York Stock Exchange. This is the same maneuver Nikola Motors recently employed in order to go public. Spartan filed a trove of documents with the Securities and Exchange Commission in advance of the filing, one of them an investor presentation that explained some backstory and hoped-for production path for Fisker's Ocean electric crossover. One key piece of info is that Fisker is in talks with Volkswagen about using VW's MEB modular electric platform and ancillary components for the Ocean. The agreement would include battery packs as well. One slide asserted that "anticipated access to Volkswagen’s industry-leading EV component quality, pricing, and supply chain ... accelerates time to market and dramatically reduces vehicle development costs." Furthermore, this attempt at deeper collaboration with VW is part of a two-year growing partnership. The Verge went through the presentation, noting that Fisker and VW entered a memorandum of understanding in 2017, upgrading that to a "collaboration agreement" in 2018. Audi subsidiary Italdesign built the Ocean crossover Fisker debuted at this year's Consumer Electronics Show, the prototype described as a "near-series prototype" and sitting an MEB platform. This month, the two companies could sign a "cornerstone agreement" to formalize "costs, production capacity, and a timeline." If that happens, a contract covering supply and manufacturing would be consummated before the end of 2020. The timeline in the presentation notes earnest prototype testing next year, with production planned for late 2022. Separately, however, Fisker has said, "Prototype vehicles are expected to start durability testing by the end of this year, and we continue to make significant progress on the development of our sales and service proposition." If the IPO clears all hurdles, Fisker Inc. could receive $1 billion to put toward Ocean development and production. Meanwhile, a recent funding round secured $50 million from Moore Strategic Ventures.