2023 Ocean 2023 One Awd Solar Roof Nav Blind 10 Miles!!! on 2040-cars

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Nissan, Fisker in advanced talks on investment, partnership

Nissan is in advanced talks to invest in electric vehicle maker Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations. The deal could close this month, said the sources, who asked not to be identified because the talks are ongoing and have not been finalized. Terms being discussed include Nissan investing more than $400 million in Fisker's truck platform and building Fisker's planned Alaska pickup starting in 2026 at one of its U.S. assembly plants, one of the sources said. Nissan would build its own electric pickup on the same platform, the source said. Nissan has U.S. assembly plants in Mississippi and Tennessee. Fisker said on Thursday, when it announced it might not be able to continue as a going concern and would cut 15% of its workforce, that it was in talks with a large automaker for a potential investment and joint development partnership. It did not name the automaker. A Fisker spokesman said the company does not comment on speculation, while Nissan officials were not immediately available to comment. Fisker shares had been down about 45% before the Reuters report but pared those losses and were trading down about 25% with a market capitalization of more than $295 million. The term sheet is ready and the deal is going through due diligence, one of the sources said. Nissan was an EV pioneer with its fully battery powered Leaf hatchback in 2010 but has since struggled in the face of nimbler new entrants. A deal with Fisker would help it move into the growing U.S. electric pickup market. Nissan's talks with Fisker comes in the wake of the former's “rebalanced” relationship with its long-time alliance partner Renault. Last year, Nissan and Renault finalised terms of a restructured alliance after months of negotiations. They aim to have cross-shareholdings of 15% as part of the deal. The more limited alliance removes certain restrictions and has opened the door for Nissan to develop growth plans in areas such as EVs and software independent of Renault, said one of the sources, who is familiar with Nissan's thinking. The Yokohama-headquartered automaker is scouring “many, many opportunities,” the person said.

Fisker Pear will be built at Foxconn's Lordstown Motors plant

Shares of Lordstown Motors surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio facility with Taiwanese contract manufacturer Foxconn. The Taiwanese firm confirmed it will also make Fisker's Pear compact car model from 2024 alongside the Endurance at the Ohio facility. The deal closure buys Lordstown Motors some much needed breathing room and gives production of its electric pickup a chance at success, said Danni Hewson, analyst at AJ Bell. "Building electric vehicles is an expensive business at the best of times. Right now the supply crunch is making life incredibly difficult and Lordstown Motors and its shareholders will be feeling a rather heady sense of relief today," added Hewson. Setting up manufacturing lines for electric vehicles is a capital intensive process and startups in the past have struggled to raise sufficient capital to mass produce vehicles. Foxconn will now manufacture Lordstown Motors' Endurance electric pickup truck which will go into production in the third quarter of the year and be in the hands of customers in the fourth quarter. Lordstown Motors will retain some assets including its hub motor, battery assembly lines and intellectual property. The company said the deal closure results in $260 million of proceeds, including the reimbursement of certain operating and expansion costs. The stock fell over 95% from its high of over $30 per share in September 2020, weeks after going public through a merger with a blank check company. It is currently trading under $2. Reporting by Akash Sriram and Bansari Mayur Kamdar in Bengaluru; Editing by Krishna Chandra Eluri Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Fisker recalls all 2023 Oceans, but for a rather weird reason

Recalls come in all sizes and styles, and that's actually the crux of this recall for all 2023 Fisker Oceans. Yes, the recall, according to NHTSA documentation, affects every single one of the 6,864 examples of 2023 Oceans on the road. But the good news is that, rather than something that could cause a crash or severe injury, this is for fixing the fonts and colors of some warning lights. You see, the Federal Motor Vehicle Safety Standard code dictates the size and style of font for warning lights, as well as the colors for said lights, with each color corresponding to certain warnings and their importance. All automakers have to follow these rules, and when they're incorrect, they need to be fixed. In the case of the Ocean, the recall notes that the font size for the brake, park and ABS warning indicators were too small, the brake warning lights were in amber and not red, and some of the tire pressure warning light operation weren't correct. These do sound nitpicky, and unsurprisingly, no injuries or damages have occurred due to this issue, but the regulations are in place to ensure that warnings are universally understandable, and that they're in colors and sizes that are easy to read and understand. The good news is that all of these will be rectified easily. The warning lights display on the car's screens, so an over-the-air update will go out with revised font sizing, colors and operation. All of this should bring the Oceans into federal compliance. And of course the update will be completely free, and because it's over-the-air, won't require a trip to a dealer or service center. Letters will be sent to owners on June 30 to alert them to the recall, and customers with questions can call Fisker at 1-844-347-5371 with regard to recall number TSB70062404.