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Search resuls for: "Fisker Automotive"


8 mentions found


☆ Inside the downfall of Henrik Fisker's second automotive startup, which just filed for bankruptcy
  + stars: | 2024-06-18 | by ( Grace Kay | ) www.businessinsider.com   time to read: +19 min
AdvertisementA Fisker spokesperson said it would be "unfair" to compare the two companies. A Fisker spokesperson denied comments that Henrik took on a more passive role and said he was "deeply involved." AdvertisementA Fisker spokesperson said Magna was responsible for testing and releasing the Ocean and it had been fully certified by regulators in the US and Europe. A Fisker spokesperson pushed back on the comments questioning Henrik's business prowess. For Henrik, whose earlier company, Fisker Automotive, filed for bankruptcy in 2013, his present predicament echoes the past.
Persons: —, Henrik Fisker, Wendy Gruel's, Geeta Gupta, Gupta, Henrik Fisker's, James Bond, Henrik, Fisker, Rivian, Tesla, Phil McCarten, Magna, hadn't, YouTuber, Marques Brownlee, Kurt Mechling, he'd, they'd Organizations: Service, Business, TechCrunch, Aston Martin, BMW Z8, Magna International, Fisker Inc, Apollo Global Management, Tesla, Ford, GM, Magna, Reuters, Fisker, Business Insider, Engineers, Traffic Safety Administration, NHTSA, Technicians, California Bureau of Automotive, BI, New York Stock Exchange, Fisker Automotive Locations: Fisker, Europe, California, Graz, Austria, Panera
☆ Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
  + stars: | 2024-06-18 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. The new filing comes after the Fisker company failed to secure an investment from a big automaker to keep afloat. The automaker, unlike most of its peers, contracted a third-party manufacturer to build the Fisker Ocean crossover. Déjà vuFor Henrik Fisker, a renowned automotive designer credited with designing the BMW Z8 and Aston Martin DB9, it's déjà vu. His first namesake company – Fisker Automotive – filed for bankruptcy protection in 2013, shortly after he left the company.
Persons: Henrik Fisker, Patrick T, Fallon, Fisker, Nikola, Faraday, It's, Henrik Fisker's, Tesla, Sam Abuelsamid, Magna, Abuelsamid, Geeta Gupta, Gupta, Stephanie Valdez Streaty, Aston Martin, – Organizations: Manhattan, Los Angeles Auto, AFP, Getty, Lordstown Motors, Guidehouse, Software, U.S, Canadian, Apple, Adobe, SAP America, Manpower, Systems, CNBC, Cox Automotive, Fisker, Inc, BMW Z8, Aston, Aston Martin DB9, China's Wanxiang Locations: Manhattan Beach , California, EVs, U.S, North America, Europe
☆ Fisker Ocean reservation cancellations top 40,000 as the EV company tries to fight off bankruptcy, leaked data shows
  + stars: | 2024-03-28 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date, according to internal company metrics viewed by Business Insider. The reservation cancellations pose an issue for the company, representing potential sales slipping away during a time when the company desperately needs to generate more revenue. The company said a reservation "will hold your approximate spot in our order queue to purchase your Fisker EV." Related storiesThe company also has a few thousand order cancellations, according to the data viewed by BI, which are different than reservations and not fully refundable. The Fisker CEO and Danish car designer's previous startup, Fisker Automotive, filed for bankruptcy protection in 2013.
Persons: —, Fisker, Henrik Fisker's Organizations: Service, Business, BI, Fisker Automotive
☆ EV maker Fisker’s stock dives after company reportedly explores bankruptcy
  + stars: | 2024-03-13 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +2 min
CNN —Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified. The Ocean is built in Austria by Magna, a company that has also built vehicles for Mercedes-Benz, BMW and Jaguar. Brownlee’s video has racked up more than 4.5 million views so far and sent the stock plunging after its release. Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.
Persons: Fisker, Marques Brownlee, madeh, ”, Henrik Fisker’s, Hurricane Sandy Organizations: CNN —, Wall Street, Magna, Mercedes, Benz, BMW, YouTube, Fisker Automotive, Hurricane Locations: Austria, American
☆ EV maker Fisker says it may go out of business
  + stars: | 2024-03-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
New York CNN —Fisker, the electric vehicle company founded by auto designer Henrik Fisker, announced in its fourth quarter earnings Thursday that it might not have enough money to survive another year. The company is in discussions with an existing investor about possibly putting more money into the company, the EV maker said in its announcement. Last year, Magna produced more than 10,193 Fisker SUVs, but fewer than half of those were delivered to customers within the calendar year, the company announced. Fisker is founder Henrik Fisker’s second car company. His first, Fisker Automotive, produced a plug-in hybrid luxury car called the Fisker Karma.
Persons: New York CNN — Fisker, Henrik Fisker, Fisker, Henrik, Henrik Fisker’s Organizations: New, New York CNN, Magna, Mercedes, Benz, BMW, Fisker Automotive Locations: New York, Austria, Europe, Hurricane
☆ EV maker Fisker slashes 2023 production target
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +1 min
The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsDec 1 (Reuters) - Electric-vehicle maker Fisker (FSR.N) said on Friday it will scale down production this month, and produce lesser cars this year than its previous guidance, to prioritize cash for working capital needs. Shares of the EV maker, which has been struggling with a cash crunch, rose 7% in premarket. "Fisker has made a strategic decision to reduce December production to prioritize liquidity to unlock over $300 million of working capital," the company said. Fisker cut its production target for the year to just over 10,000 units, compared with its earlier forecast of 13,000 to 17,000.
Persons: Stephane Mahe, Fisker, Yuvraj Malik, Sriraj Kalluvila, Krishna Chandra Organizations: Fisker, REUTERS, Thomson Locations: Paris, France, premarket, Bengaluru
☆ Fisker cuts annual production forecast, flags material weakness in financials
  + stars: | 2023-11-13 | by ( Samrhitha A Abhirup Roy | Samrhitha A | Abhirup Roy | ) www.reuters.com   time to read: +3 min
The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. But Fisker was limited by its delivery and service infrastructure rather than production and demand. "We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said on the call. "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. The EV company reported a loss of $91 million, missing analysts' estimates for a loss of $75 million, according to Visible Alpha.
Persons: Stephane Mahe, Fisker, Geeta Fisker, Tesla, Elon, Henrik Fisker, Samrhitha Arunasalam, Jaiveer Singh Shekhawat, Akash Sriram, Abhirup Roy, Shounak Dasgupta, Stephen Coates Organizations: Fisker, REUTERS, Ford, General Motors, EV, Alpha, stoke, Revenue, Thomson Locations: Paris, France, U.S, Canada, Austrian, Bengaluru, San Francisco
☆ Fisker to add Tesla's EV charging connector by 2025
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +1 min
The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane MaheAug 15 (Reuters) - Electric vehicle startup Fisker (FSR.N) said on Tuesday it signed a deal with Tesla (TSLA.O) to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercharger network by 2025. A plethora of automakers, including Ford Motor (F.N) and General Motors (GM.N), are moving away from the standard Combined Charging System (CCS) connector to Tesla's previously proprietary charging design, which is set to dominate the industry. Fisker said its vehicles made 2025 onwards will have the NACS port for charging, while other customers can use an adapter to access Tesla's 12,000-strong network of public fast chargers in the U.S. and Canada. Tesla's recent deals represent major strides in displacing a rival standard, CCS, that earlier exclusively had the backing of President Joe Biden's administration.
Persons: Stephane Mahe, Fisker, Joe Biden's, Akash Sriram, Shweta Agarwal Organizations: Fisker, REUTERS, Tesla, Ford, General Motors, CCS, Thomson Locations: Paris, France, U.S, Canada, United States, Bengaluru
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