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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 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. The 2023 Ocean Extreme price was cut from $61,499 to just $37,499.

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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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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 has thousands of unsold vehicles from 2023 it plans to sell in Q1

Teslarati

Electric vehicle (EV) startup Fisker is looking to sell thousands of Ocean SUV units that it built but didn’t sell last year, as the company shifts away from its direct sales model to help improve delivery logistics. Canada, and Europe have said that they are interested in becoming a Fisker dealer.

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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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