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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 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.

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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 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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Fisker slashes MSRPs of Ocean trims by tens of thousands as it fights to stay in business

Baua Electric

Fisker Inc. With a potential shuttering of its doors looming, the American EV automaker is now pulling every lever to maximize revenues, including unprecedented discounts on its lone model, the Fisker Ocean. Fisker Inc. Fisker Inc. We quickly learned that the potential savior of an OEM was Nissan.

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Fisker pauses production, with glut of undelivered EVs

Baua Electric

Fisker has paused production of its Ocean electric SUV for six weeks as it seeks to draw down inventory and secure additional financing. To the funding point, Fisker confirmed Monday that it has secured “a financing commitment from an existing investor” of up to $150 million.

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