The Fisker SUV has a power advantage over its rival but it also weighs significantly more
EV startup paused production of its Ocean SUV last week and trading in the firm’s shares has been halted after talks with a major automaker – rumored to be Nissan – collapsed
The publication described the Ocean it owns as poorly tuned and undercooked
U.S.-based startup has sold convertible notes to secure funds after hiring restructuring advisers to help with possible bankruptcy
Fisker’s share value halved in a day, dropping from 32 cents to under 15 cents, after a report that the company is working with restructuring advisors
The WSJ reported that the EV startup has hired advisors to assist with a possible bankruptcy amid doubts about their ability to continue as a going concern
“Can I pull your fingernails out as part of an inquisition?” said a Fisker employee to the person who lent the poorly reviewed SUV
Both automakers stand to benefit from the deal and without it Fisker may not last much longer
CEO says talks are now taking place with one large carmaker to help raise capital as share price plunges
The carmaker has six months to get its share price to over $1 and may implement a reverse stock split
The software limiter could have long lasting effects for Ocean owners down the line
Certain Fisker Ocean owners complain that their vehicles aren’t going into gear, and are rolling away, in just the latest issue to plague the new EV
Finalists include the BYD Seal, Ford Bronco, Kia EV9, Hyundai Santa Fe, and Volvo EX30
The EV startup has also managed to reduce its debt by $185.5 million and is planning a series of new models
Fisker’s $45,000, all-electric pickup won’t have the same issues protecting pedestrians as a certain stainless steel competitor
Fisker says customers were asking for an even more luxurious model, so it came up with the Ocean Extreme Monterey Edition
Customers complain that they lose regenerative braking when driving over bumpy roads, and that’s just the start of the braking system issues
Fisker will partner with 50 dealers in the U.S. and Canada and expects to have its network ready by the end of the first quarter
