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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. The startup is now turning to auto dealerships for sales and services. 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.

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

Electrek

Fisker Inc. has announced a new EV sales strategy that remains asset-light but can help boost sales of its flagship Ocean model. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model.

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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 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 Q4 report: ‘Substantial doubt’ it can continue, seeks investment from ‘large automaker’

Baua Electric

Fisker has shared preliminary details of its Q4 and full fiscal year 2023 results, and they’re… not great. That said, Fisker Inc. 2023 was, in many ways, a big year for Fisker Inc. That said, Fisker Inc. 2023 was, in many ways, a big year for Fisker Inc. ($FSR) Source: Fisker Inc. FSR) as it was challenging.

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Fisker has reportedly hired bankruptcy consultants

Baua Electric

Fisker has reportedly hired “restructuring advisers to assist with a possible bankruptcy filing,” according to the Wall Street Journal. Fisker has been going through a rough time lately, with its stock possibly being delisted due to low share prices. As a result of the report, Fisker (FSR) shares are down 46% in after-hours trading.

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