Talks between Fisker and Nissan have collapsed, the troubled EV start-up reported. And with its shares plunging on the news, trading was halted on the Nasdaq exchange as the likelihood of a bankruptcy filing grow larger.
Fisker
Harsh! Consumer Reports Trashes New Fisker Ocean as “Inexcusable”
“Incomplete” and “Inexcusable.” Things haven’t been going well for Fisker Inc., the EV start-up that has begun taking steps that could lead to a bankruptcy filing in the coming weeks. Fisker has also announced it is halting production for six weeks. It’s unclear if the company will use that pause to address some of the issues with its first product line, the Fisker Ocean. Based on a new review by Consumer Reports, the list is a long one.
Fisker Shares Collapse After Bankruptcy Report
Danish automotive designer and entrepreneur Henrik Fisker may be heading for a second bankruptcy. Shares of Fisker went into freefall Thursday after the Wall Street Journal reported the executive’s latest car company is seeking the help of restructuring experts in preparation for a possible bankruptcy. Earlier this month, Fisker advised analysts and investors the startup is facing going-concern risks due to slow sales and weak revenues. It is unclear whether a potential tie-up with Nissan will be enough to overcome a fast-worsening cash crunch.
“High Likelihood” Nissan Will Invest $400 Million in Alliance with Fisker
Struggling Fisker Inc. could get tossed a lifeline by Japan’s second-largest automaker. In turn, Nissan could gain some much-needed momentum as it struggles to catch up to key competitors in the EV market, according to a new report. A deep source, meanwhile, tells Headlight.News “there is a high likelihood” the alliance could come together in the coming month.
Fisker’s Future Potentially In Jepoardy After Company Misses Q4 Production & Sales Targets
Tesla rival Fisker misses Q4 production and sales targets as the company also struggles to maintain cash reserves to survive through the remainder of 2024. The company still optimistic that it can achieve future growth through future investments. Check out the story at Headlight.News.
Dozens More EVs Coming in 2025 and 2026
At least 40 new battery-electric vehicles are due to reach U.S. showrooms in 2024 — and that’s a conservative estimate as we’ve had a number of surprises dropped on us by both domestic and foreign-owned brands. If anything, the flood of EV offerings will likely accelerate going forward. Here’s a look at some of the models we’re expecting in 2025 and 2026. Headlight.News checks out 45 of them.
Fisker Again Scales Back Production Plans – And Investors Applaud
For the second time this year, EV start-up Fisker has scaled back production plans, and now expects to roll out half as many Ocean SUVs as it planned at the beginning of the year. But that was fine with Wall Street, its stock price rising nearly 9% as the week came to a close. Headlight.News looks at what’s behind the cutback, and why it pleases investors.
From Bad to Worse — Startup EV Brands Face Mounting Problems
Only a few years ago, an array of EV start-ups appeared poised to revolutionize the auto industry. Today, many have vanished while others struggle for survival. There have been a few success stories but the shake-out is likely to continue, reports Headlight.News.
Nascent EV Maker Fisker Raises $150M
Days after announcing plans to deliver at least 300 vehicles daily in the U.S. and Europe, Fisker Inc. tapped an existing investor for an additional $150 million to help with vehicle deliveries and other expenses to keep growing. Find out more at Headlight.News.