Fisker

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. It also indicated in its recent quarterly report that there is “substantial doubt” that it can continue operating, and that it was seeking outside investment. This despite a 300% jump…

The electric-car company is pausing production as it continues deal talks and works to keep the business running. The electric-car company is pausing production as it continues deal talks and works to keep the business running. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? Fisker is halting production as EV woes worsen Fisker reiterated there is “substantial doubt” in its ability to continue operations after missing an interest payment. According to an SEC filing on Monday, Fisker is pausing…

On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla’s delivery estimates dropping, a NACS extension cable, a possible Fisker bankruptcy, and more. The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel. As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.…

US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.Tesla has told suppliers it wants to start production of a new cheaper, mass-market product in mid-2025, Reuters reported in January, as it looks to compete with cheaper gasoline-powered cars and inexpensive EVs from China.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Henrik Fisker, a widely respected Danish automotive designer, joined the battle for electric vehicle dominance in 2007 with his first endeavor, Fisker Automotive, but failed. The company ended with his resignation and bankruptcy in 2013. Now the designer-turned-CEO is back and determined to get it right.In 2016, he came back with a new company bearing almost exactly the same name and logo. The new plan: Instead of making high-end sedans with six-figure price tags, target the mass market with a midrange, midsized electric…

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. I was in Los Angeles earlier this week where I interviewed Waymo co-CEO Tekedra Mawakana on stage at our StrictlyVC LA event. You can watch the whole interview here, which covers her views on the Apple Car…

On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla Superchargers for all in North America, new Roadster to be unveiled later this year, Fisker being on life support, and more. The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel. As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your…

Nissan has been revealed as the potential savior of Fisker. The Japanese automaker is reportedly talking with Fisker to invest in the company and partner on electric pickup trucks. Earlier today, we reported on Fisker’s disastrous fourth-quarter results showing that the electric vehicle startup lost $400 million in 2023 and it now has less than $400 million of cash on hands. The automaker had to admit that it wouldn’t be able to continue operations past next year without a big cash injection. It…

Fisker has announced its future plans alongside preliminary 2023 and Q4 earnings, and it's not looking great for the EV manufacturer. The company plans to lay off 15 percent of its workforce — nearly 200 people — as it shifts from a direct-to-consumer to a Dealer Partner model. The company is halting all investments in upcoming models and will resume only if in partnership with another automaker.The company's fourth-quarter revenue increased to $200.1 million from $128.3 million in Q3. However, its gross margin was…