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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day.

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Suzuki and SkyDrive start production of ‘flying cars’ in Iwata, Shizuoka, Japan – ET Auto

Baua Electric

In addition to the aircraft to be used at the Expo 2025 Osaka, Kansai, Japan, aircraft for sales to customers will be manufactured at this plant.

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Tesla secures hard-fought win for owners in CT, but battle for sales continues

Teslarati

One of these was from the Hoffman Auto Group, which has been lobbying against the practice of automakers adopting a direct selling model in the state. Hoffman Auto group questioned the legality of the permit granted to Tesla while claiming that having the EV maker set up shop in the state would put jobs at risk and kill competitive pricing.

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Exicom Tele-Systems IPO subscribed 10 times on first day of offer – ET Auto

Baua Electric

The IPO has a fresh issue of equity shares aggregating up to INR 329 crore and an Offer For Sale (OFS) component of up to 70.42 The Qualified Institutional Buyers (QIBs) category fetched 73 % subscription. The IPO got fully subscribed within hours of beginning of the bidding process.

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Fisker braking complaints trigger NHTSA probe

Teslarati

The EV startup has struggled to ramp production on the Ocean and deliver the vehicles to customers. Fisker scraps direct sales and turns to auto dealers for sales In September 2023, the company announced plans to ramp production of the all-electric Ocean crossover SUV to 300 per day, compared to 180 units daily.

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LML’s new electric scooter Star will be on display at Auto Expo 2023

Electric Vehicles India

In 2023, it will be back at the Auto Expo. Auto Expo 2023 will be held in Greater Noida from January 11th. The comeback of LML with the unveiling of its three brand-new products is going to be the center of attraction at the Auto Expo. And now they are coming back to India with their first electric products.

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. The transition to software-dominated cars is challenging.

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