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

Baua Electric

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 Ocean electric SUV (Source: Fisker) “Time will tell what happens.

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Fisker pivots to hybrid strategy of direct sales plus dealer partners offering ‘no haggle pricing’

Baua Electric

Fisker Inc. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model. Fisker Inc. ($FSR) By lowering its targets (four times), Fisker was able to produce over 10,000 Ocean EVs in 2023 and deliver about 4,700 of them, sending company stock soaring.

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Fisker braking complaints trigger NHTSA probe

Teslarati

The National Highway Traffic Safety Administration initiated a probe on 2023 Fisker Ocean vehicles after receiving 9 complaints about the car’s breaks. The NHTSA’s Office of Defects Investigation (ODI) opened a Preliminary Evaluation (PE) to determine the scope and severity of Fisker’s brake complaints.

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Fisker to report its Q4 2023 earnings: Here are investors’ top questions

Teslarati

Fisker Inc. is set to report its Q4 2023 earnings after markets close on Thursday. The electric vehicle startup is currently facing a number of challenges, such as a low stock price, missed targets, a pivot to franchised dealers, and negative reviews of the Fisker Ocean. Why should I still invest in Fisker?

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Fisker has reportedly hired bankruptcy consultants [Updated, Fisker responds]

Baua Electric

Fisker has reportedly hired “restructuring advisers to assist with a possible bankruptcy filing,” according to the Wall Street Journal on Wednesday. Update: Fisker responded with a statement, included below. Fisker has been going through a rough time lately, with its stock possibly being delisted due to low share prices.

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Fisker confirms potential EV partnership with “large automaker”

Baua Electric

Fisker is in talks with an unnamed “large automaker” for a potential investment, development of one or more EV platforms, and North American manufacturing. The announcement, first reported by Automotive News , came directly from Fisker’s fourth-quarter 2023 earnings report Thursday.

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Fisker slashes MSRPs of Ocean trims by tens of thousands as it fights to stay in business

Baua Electric

Fisker Inc. With a potential shuttering of its doors looming, the American EV automaker is now pulling every lever to maximize revenues, including unprecedented discounts on its lone model, the Fisker Ocean. Fisker Inc. Fisker Inc. We quickly learned that the potential savior of an OEM was Nissan.

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