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Fisker files for ‘reorganization’ in Austria after halting production

Teslarati

After electric vehicle (EV) maker Fisker halted production at its contract manufacturer’s plant in Austria, the company has now filed for reorganization and court protection in the country. comes as Fisker has warned of going bankrupt if it can’t find additional financing. What are your thoughts?

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Fisker pauses production, with glut of undelivered EVs

Baua Electric

Fisker has paused production of its Ocean electric SUV for six weeks as it seeks to draw down inventory and secure additional financing. To the funding point, Fisker confirmed Monday that it has secured “a financing commitment from an existing investor” of up to $150 million.

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Fisker confirms potential EV partnership with “large automaker”

Baua Electric

The announcement, first reported by Automotive News , came directly from Fisker’s fourth-quarter 2023 earnings report Thursday. The company reported a $463 million net loss for the quarter. The company has suggested that its Pear EV might be built by Foxconn , in the U.S.

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Volta Trucks bounces back from bankruptcy, resumes ‘sharpened’ commercial EV business plan

Baua Electric

Volta began series production in Austria ahead of those planned deliveries in Q3 2023, but things started to go south once its battery supplier Proterra filed for Chapter 11 bankruptcy last summer. Beyond the UK, Volta Trucks says its customer trials will expand in Q2 to customers in Germany, France, Nordics, and Austria.

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Fisker Ocean enters production

EV Info

Yes – production commences at the Magna Steyr plant in Austria of the Fisker Ocean SUV. The first production example of the battery-electric Ocean rolled out of the Graz, Austria, plant where it is manufactured by Magna Steyr. He says the Ocean has 50 kg of recycled, biodegradable, and overall eco-conscious materials.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

The Swedish automaker reiterated its 50,000-vehicle delivery goal, expecting Q4 to be its strongest three-month showing in company history. This was a result of higher Polestar 2 sales and lower manufacturing costs, which come as companies scale the production of their vehicles. The company’s $1.48 The company’s $1.48

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

According to the company, the pickup will be open for pre-orders in the second quarter of 2021, with deliveries starting “as early as 2023.” – March 10, via Green Car Reports. – March 12, via Automotive News Europe. So without the long hood, there’s actually a lot of space for the cab and bed.

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