Fisker pauses production, gains funding commitment amidst financial woes

Fisker will pause production of its electric vehicles (EVs) for six weeks, and the company also says it has received a financial commitment of up to $150 million amidst financial concerns. On Monday, the EV maker said it will sell convertible notes at a 10 percent discount to one of its existing investors, generating up […]

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Fisker announces 15% staff layoffs, delays 2023 Form 10-K filing to mid-March

Electric vehicle maker Fisker Inc. announced a 15% workforce reduction on Thursday as it warned that its current resources were likely insufficient to cover the coming 12 months. Fisker’s stock price plummeted 37% after trading hours following the update. In a press release, Fisker noted that it would need to seek additional equity or debt […]

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Fisker faces federal probes and potential delisting from stock exchange

Fisker has had a tough time getting its first battery-electric vehicle (BEV) product off the ground, and now the startup automaker is facing both federal probes and potential delisting from the stock exchange. After complaints of a partial loss of braking in the 2023 Fisker Ocean sparked a probe from the National Highway Traffic Safety […]

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MKBHD says the Fisker Ocean is the ‘worst car’ he’s ever reviewed

Fisker has had a rocky launch for its electric Ocean SUV, with several issues getting the vehicles produced and into the hands of its customers. However, in one of his latest reviews, Marques Brownlee, better known as MKBHD, says the Fisker Ocean is the “worst car he’s ever reviewed,” offering some pretty scathing criticism for […]

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Q1 2024 brings only a few new EV arrivals, as market regroups for the year ahead

EV makers have taken a methodical start to 2024, with a handful of promised new models delivering but no big announcements for new vehicles — yet

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Fisker has thousands of unsold vehicles from 2023 it plans to sell in Q1

Electric vehicle (EV) startup Fisker is looking to sell thousands of Ocean SUV units that it built but didn’t sell last year, as the company shifts away from its direct sales model to help improve delivery logistics. After announcing plans this month to offer its EVs through both direct sales and dealership partnerships, Fisker said […]

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Fisker scraps direct sales and turns to auto dealers for sales

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services.  “I discovered that in this current situation, with high interest rates, [expensive] real estate, and getting people trained is much more difficult. I think we just went that route because everyone does when you […]

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Fisker Ocean Sport kicks off deliveries in the UK

Electric vehicle startup Fisker has announced its newest milestone. As per a press release, the company recently held its first customer delivery of the Fisker Ocean Sport at Fisker Lounge London, which is located in the Westfield Mall. Fisker CEO and Chairman Henrik Fisker shared his excitement about the Ocean Sport’s first delivery, stating that […]

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