The Fisker Thread

Fisker cuts hundreds of jobs in bid to live another day

Fisker's woes continue. The troubled EV maker has now reportedly cut hundreds more jobs, in a desperate attempt not to go under. The company is continuing its search for funding. If it can't find any, then the alternatives are a buyout (though that fell through once before) or simply bankruptcy, which at this point is always looming.

Workers suspected they would be laid off yesterday when the company directed everyone to work from home, which isn't something it's done very often. And sure enough, the layoffs were then announced during an all-hands meeting held Wednesday morning. It's definitely an interesting strategy to alleviate protests, this - ensuring workers are at home when you fire them.

www.arenaev.com

Fisker cuts hundreds of jobs in bid to live another day

The company allegedly now has only 150 people working for it.
www.arenaev.com www.arenaev.com
 

Fisker, Amid Bankruptcy, Recalls Every Single Car In U.S. - Inside EVs​

The recall includes a mandatory stop sale as the availability of parts and service is as questionable as Fisker's future.

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It's official: every Fisker Ocean sold in the U.S. is being recalled.

Fisker issued a recall and stop-sale of all 2023 Fisker Oceans produced through May, when Magna officially paused production, over door handles that "may stick" and prevent passengers from opening the door to enter or exit the vehicle.

With Fisker currently in bankruptcy proceedings that will likely result in liquidation, the timing couldn't be worse.

Fisker says the issue is caused by a "dimensional variation" in the door handle measurements. An out-of-spec door handle could experience additional friction and not exert enough retracting force. The automaker estimates that around 3% of the 8,204 Oceans produced and sold in the U.S. are affected.

From Fisker's recall notice:

On certain vehicles, the outer door handles may stick, preventing customers from entering or exiting. Following thorough investigations, Fisker Engineering has identified this as a potential safety concern. The issue is critical in scenarios where the vehicle cannot be exited, likely due to a malfunctioning door mechanism.
Click to expand...
Service technicians can use a special tool to test if a vehicle is affected, and if so, Fisker's technical service bulletin calls for any faulty door handle to be replaced.

This is Fisker's second stop-sale in under a month. Fisker recently recalled all Oceans due to a powertrain module that could erroneously enter a protection mode and cause a loss of power. The fix was simply a software update, which is much easier to implement than a hardware fix, given Fisker's current financial situation.

Fisker is also in hot water now that it's stuck with a few thousand units of the Ocean that it can't sell until it either fixes affected cars, or they are validated as not being affected by the recall.

The automaker has already put its cars on fire sale to offload the remaining inventory, but now those cars can't be delivered to customers until they are fixed.

 

Fisker Hopes To Sell Remaining Ocean SUVs For $2,500-$16,500 Each In Bulk Deal - Inside EVs​

A leasing firm has agreed to buy around 3,000 Fisker Oceans for up to $46.25 million.

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Fisker hopes to sell off its entire inventory of remaining Ocean SUVs in a deal that would bring the bankrupt EV startup up to $46.25 million it can use to pay its debts.

Under the proposed deal, outlined in a Tuesday filing in U.S. bankruptcy court in Delaware, Fisker would sell up to 3,231 Oceans to American Lease, a New York-based firm that leases EVs to ride-hailing drivers.

Fisker asked the court to authorize the sale and proposed a hearing on it for July 9. That's when we may learn more about whether the deal will get the green light.

In the meantime, the terms of the deal provide the best glimpse we have seen yet into Fisker's stance on the future of parts, service and software updates for Oceans—all thorny questions for Fisker owners worried about long-term support for their cars.

Last month, The Wall Street Journal reported that a fleet deal with American Lease was in the works. According to Tuesday's filing, the firm is interested in a bulk deal for Oceans because of a new rule that requires New York's ride-hailing vehicles to all be electric by 2030.

American Lease has agreed to buy all Oceans in Fisker's inventory that are configured for the U.S. or Canada. It has agreed to pay $16,500 each for brand-new Oceans in good working order, which Fisker says it has 2,711 of.
Damaged vehicles will go for $2,500, while previously titled Oceans will cost $3,200.

Excluded from the sale are prototype or pre-production vehicles that can't be sold or used for parts, along with Canadian-configured Oceans in Canada.

The ultimate scope of the transaction and dollar amount will depend on the total number of Oceans that fit the deal's criteria, which is subject to change.

For context, the Ocean went on sale in the summer of 2023 and cost anywhere from $38,999 (for a base Sport trim) up to around $70,000 for a fully-loaded, limited-edition Ocean One.

Earlier this year, in a bid to boost sales and stave off bankruptcy, Fisker slashed prices by up to $24,000. But struggles including troublesome vehicles and reported mismanagement pushed Fisker to file for Chapter 11 bankruptcy protection in June.

On paper, it all sounds like a steal. But how will American Lease keep Oceans on the road?

In the wake of Fisker's bankruptcy last month, Ocean buyers have been wondering, often frantically, whether they'll be able to get repairs, parts or software updates in the future if the manufacturer ceases to operate.

The Ocean has had its fair share of hardware and software problems thus far, including a new water-pump issue that Fisker disclosed in Tuesday's filing. That problem, involving a circuit-board assembly that's prone to failure, triggered Fisker's fourth stop-sale on June 26, according to the filing.

The agreement contains some answers about long-term Ocean support—for American Lease, at least.

As far as the water-pump issue goes, Fisker said it will make the repairs using "resources, facilities, and manpower" provided by American Lease. Fisker is out of money and has laid off most of its workforce.
Click to expand...

Full article at the link below:

 
Fisker Ocean Owners Are No-Longer Marooned As New Service Centers Arise

Fisker owners banded together to open a series of service centers in North America

Fisker Inc. went bankrupt back in June, but not before selling over 3,000 Fisker Oceans to customers who have since been marooned by the defunct EV manufacturer. In July, my colleague Ryan told you about the 3,000 frustrated Ocean owners who banded together to form the Fisker Owners Association (FOA) to fight for the resources needed to support their cars in the wake of the company’s collapse. Now, the FOA said on Tuesday that it helped establish a network of 21 approved Fisker service centers in the U.S. and three in Canada, with European and more North American centers still coming.

As a startup formed independent of any pre-existing carmaker, Fisker had a proprietary diagnostic software called a Fisker Aftersales Service Tool, or FAST, that was necessary for anyone to be able to diagnose issues and install fixes on a Fisker vehicle. Prior to this announcement, the lack of service center access to this proprietary software was inhibiting repairs and leaving owners dead in the water. Now, Ocean owners from coast to coast have more service centers with the tools necessary to service their buggy and even bricked vehicles. InsideEVssaid,

jalopnik.com

Fisker Ocean Owners Are No-Longer Marooned As New Service Centers Arise

Fisker owners banded together to open a series of service centers in North America
jalopnik.com jalopnik.com
 
FiestaST said:
Fisker Ocean revealed in production guise as plush EV SUV

The Fisker Ocean has officially been unveiled in production guise at this year’s Los Angeles motor show. This comes almost two years after the concept was teased as a competitor product for Tesla in the North American market.

The Fisker Ocean is available in three trims starting from $37 499 (approximately R589 600). The entry-level Sport trim makes use of a single lithium-ion battery pack attached to the front axle which produces 205 kW and 402 km of range. Key features on this trim include a 17,1-inch central rotating touchscreen infotainment system connected to the Fisker Premium sound system, a BigSky glass roof, autonomous emergency braking, digital rear-view mirror, smartphone app key and unique Sport interior trim.

Priced at $49 999 (approximately R785 600) is the Fisker Ocean Ultra which adopts a dual motor all-wheel drive layout with an optional Smart Traction package. This gives it a total power output of 403 kw and a range of 547 km. Key features added to this model are a 360 degree surround view, additional safety features and a bespoke Ultra interior trim option.

www.carmag.co.za

Fisker Ocean revealed in production guise as plush EV SUV

The Fisker Ocean has officially been unveiled in production guise at this year’s Los Angeles motor show. This comes almost two years after the concept was teased as a competitor product for Tesla in the North American market.
www.carmag.co.za www.carmag.co.za
Click to expand...
I'm sure government math can turn that into north of a million.
 
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