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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. We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. At its Q3 2023 earnings call, Fisker admitted having trouble following through with deliveries.

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

Electrek

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.

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

Electrek

Fisker Inc. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model. more… The post Fisker pivots to hybrid strategy of direct sales plus dealer partners offering ‘no haggle pricing’ appeared first on Electrek.

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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 Ocean customers have to pay for recall repairs

Baua Electric

Owners of recalled Fisker Ocean electric vehicles will have to pay for repairs, according to a notice on the bankrupt automaker’s website. 2023 Fisker Ocean One It’s also unclear when parts will become available. 2023 Fisker Ocean One It’s also unclear when parts will become available.

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Report: Fisker Hired a Bankruptcy Consultant Ahead of Possible Restructuring

The Truth About Cars

Fisker is on the ropes, telling investors that there were doubts it could continue operating without significant outside investment. Electrek reported on the Wall Street Journal story, noting that Fisker’s unique contract with manufacturing partner Magna Steyr cuts into its profit margins but prevents runaway operating costs.

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

Teslarati

Fisker Inc. 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. Fisker’s stock price has fallen sharply, dipping below $1 per share last month. Why should I still invest in Fisker?

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