EV maker Fisker says it may go out of business

[voyager]

"Eventually, my goal was to try to get rid of the car and sell it before its value could sink any further. I sold it for $48,000
later in March at about a $24,000 loss. My car had less than 1,800 miles on it at the time of the sale."

I owned the Fisker Ocean. It was a nightmare.

A former Fisker Ocean owner details six months of headaches with the electric car.

www.businessinsider.com

 

[CyberShy]

This is what every Fisker investor should have done. Get out for whatever you can get before it goes lower.

 

[voyager]

This is what every Fisker investor should have done. Get out for whatever you can get before it goes lower.

These guys didn't.
"Yep, you read that correctly: Our 2-month-old Fisker Ocean with 4,220 miles on the odometer
is worth $21,000, according to CarMax. That's a depreciation of 69.6%."

Oh, Cool, Our $69K Fisker Ocean Is Only Worth $21K Now

Following Fisker's drastic price reduction of the Ocean EV and the company's other financial woes, we decided to have our long-term tester appraised. The results are ... not good.

www.edmunds.com

 

[3sr+buyer]

Consumer Reports may have gotten a better deal on a Fisker Ocean for their test fleet -- they noticed that their check was not cashed, and Fisker said that they couldn't find it.

First Drive: 2023 Fisker Ocean Electric SUV Proves to Be Unfinished Business - Consumer Reports

We've only had our 2023 Fisker Ocean electric SUV for a few weeks, and it's already had some issues, including software problems.

www.consumerreports.org

Talking Cars 442: Driving the Fisker Ocean - Consumer Reports

Episode 442 of the Talking Cars With Consumer Reports video podcast covers driving the Fisker Ocean EV and answers questions about storing an EV and best cars for a road trip.

www.consumerreports.org

 

[Watts_Up]

Fisker was also involved with Tesla during the design of the Tesla Model S....

Tesla vs Fisker: The Epilogue

In 2007, Tesla Motors hired Fisker to perform initial design work ​

on the Tesla Model S electric sedan, which was introduced in 2012.​

On April 14, 2008, Tesla filed suit against Fisker, ​

alleging fraud, breach of contract violation of the Uniform Trade Secrets Act,​

and unfair competition. Fisker and Tesla then entered arbitration.​

​

​

 

[voyager]

"Good news"

California-based EV startup Fisker signed a new dealer in Miami and several in Europe
as it fights to turn things around. After announcing massive price cuts on its Ocean
electric SUV last month, Fisker looks to grow its dealer network.

Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things...

electrek.co

 

[voyager]

https://insideevs.com/news/717161/fisker-bankruptcy-30-days/

 

[CyberShy]

I’m surprised they think they have that long.

 

[cwerdna]

Fisker Signals More Layoffs as Bankruptcy Protection Looms

The EV startup behind the Ocean SUV is rapidly running out of cash. Fisker has been selling 2023 Ocean models at a steep discount to shore up cash reserves.

finance.yahoo.com

 

[boredwitless]

Lay offs at production partner Magna too
Magna to Cut 500 Jobs in Graz, Austria in 2024 Amid Fisker Production Halt

 

[voyager]

The damage adjuster initially said it would cost $910 to fix the Ocean
but admitted that it could actually end up costing far more.

Fisker Ocean Totaled After Tiny Door Ding Souring EV Dream | Carscoops

The damage adjuster initially said it would cost $910 to fix the Ocean but admitted that it could actually end up costing far more

www.carscoops.com

 

[CyberShy]

That’s one way to get out from under a vehicle from a bankrupt company.

 

[MP3Mike]

That’s one way to get out from under a vehicle from a bankrupt company.

But they still lost ~$20k because Fisker lowered the prices so much.

 

[oldsport]

20k in today s market is chump change... take what u can, esp since it s a fisker...

 

[CyberShy]

But they still lost ~$20k because Fisker lowered the prices so much.

The article says they invested $20k into the startup not on the vehicle.

Too bad. My sympathies.

Wanna buy some Lucid stock? Faraday Future? Lordstown? Rivian?

 

[oldsport]

The article says they invested $20k into the startup not on the vehicle.

Too bad. My sympathies.

Wanna buy some Lucid stock? Faraday Future? Lordstown? Rivian?

vinfast?

 

[voyager]

Magna International, the contract auto manufacturer that builds the Fisker Ocean,
doesn’t expect to build the electric crossover anymore this year.

https://insideevs.com/news/718548/magna-ends-fisker-ocean-production/

 

[CyberShy]

I am following some Fisker owners/enthusiasts on YT and I feel bad for them. They want so hard for Fisker to come out of it and are holding out all hopes and some are foolishly doubling down. Some are invested significantly and it are in denial that there's a 99.9% chance they've lost it all.

One guy was getting his Fisker updated by a mobile service tech and Fisker fired him in the middle of a software update, disabling his account access mid-update which then bricked the car!

 

[oldsport]

I am following some Fisker owners/enthusiasts on YT and I feel bad for them. They want so hard for Fisker to come out of it and are holding out all hopes and some are foolishly doubling down. Some are invested significantly and it are in denial that there's a 99.9% chance they've lost it all.

One guy was getting his Fisker updated by a mobile service tech and Fisker fired him in the middle of a software update, disabling his account access mid-update which then bricked the car!

ao good reason to no longer hold the stock or the car... lol...

 

[oldsport]

fisker deal?