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Bankrupt EV Maker Fisker's Liquidation Plan Hits Roadblock As DOJ Raises Objections Following SEC Investigation
Tuesday, October 8, 2024 - 3:59am | 449The U.S. Department of Justice on Monday raised objections to bankrupt EV maker Fisker‘s liquidation plan on behalf of the auto safety regulator National Highway Traffic Safety Administration (NHTSA), noting that automakers cannot charge customers for repairs of safety-related issues...
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Bankrupt EV Maker Fisker Under US SEC Investigation For Potential Securities Law Violation
Monday, October 7, 2024 - 7:28am | 366The U.S. Securities and Exchange Commission (SEC) is investigating bankrupt EV startup Fisker, the regulator said in a filing dated this month. What Happened: The SEC said that it has an ongoing police and regulatory interest in Fisker’s books and records and may need to request or subpoena...
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Fisker Recalls Nearly 8K Ocean SUVs Over Risks Of Reduced Braking Performance
Thursday, August 22, 2024 - 7:23am | 297Bankrupt EV maker Fisker Inc. is recalling 7,745 of its Ocean SUVs citing concerns of reduced braking performance. What Happened: The recall includes both model year 2023 and model year 2024 Ocean SUVs, the National Highway Traffic Safety Administration (NHTSA) said. The recall follows an...
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Troubled EV Startup Fisker Files For Bankruptcy, Joining Lordstown And Arrival: Elon Musk Says 'Default State Of A Car Company Is Dead'
Tuesday, June 18, 2024 - 2:00am | 616California-based Fisker Inc. on Monday filed for bankruptcy protection, joining the long list of EV makers to bite the dust including Arrival SA and Lordstown Motors. What Happened: Fisker filed for Chapter 11 bankruptcy and listed estimated assets in the range of $500 million to $1 billion and...
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Fisker's Troubles Mount: NHTSA Launches New Probe Into Ocean SUVs' Emergency Braking
Friday, May 10, 2024 - 7:53am | 401The U.S. auto safety regulator on Friday said that it has opened an investigation into Fisker Inc‘s 6,813 model year 2023 Ocean SUVs over unintended activation of its automatic emergency braking system. What Happened: The National Highway Traffic Safety Administration said that it received 8...
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Fisker Stumbles First In Europe: EV Startup Files For Bankruptcy Protection In Austria
Wednesday, May 8, 2024 - 7:01am | 421Fisker Inc‘s (NYSE:FSRN) Austrian unit Fisker GmbH on Tuesday voluntarily filed for bankruptcy protection as the beleaguered EV maker continues to struggle to solve its financial issues. What Happened: The Austrian unit said in a statement that no other entities of Fisker are included in the...
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Nearly-Bankrupt Fisker Marches Ahead With 6 New Dealership Locations In These US Regions
Friday, May 3, 2024 - 7:44am | 467Beleaguered EV maker Fisker Inc (OTCPK: FSRN) is expanding its dealer partner locations across the U.S. even as the company’s financial situation worsens as bankruptcy fears loom. What Happened: Fisker on Thursday said it has added six new locations, including three dealer partner...
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Fisker Initiates Fresh Round Of Layoffs To Preserve Cash Amid Bankruptcy Fears
Wednesday, May 1, 2024 - 10:54am | 506Beleaguered EV maker Fisker Inc. (OTC:FSRN) has reportedly initiated a new round of layoffs amid fears of impending bankruptcy. What Happened: The electric vehicle (EV) startup’s CEO, Henrik Fisker, informed employees of the decision in an internal email, reported TechCrunch. The company is...
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Fisker To File For Bankruptcy Protection In 30 Days If Unable To Settle Debts Or Raise Capital
Wednesday, April 24, 2024 - 9:04am | 414Beleaguered EV maker Fisker Inc. said on Tuesday that it expects to seek protection under bankruptcy laws within 30 days if unable to receive waivers from its debt holders or raise enough capital to settle its dues. What Happened: The company is seeking to restructure its current debts and...
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Today's EV Updates
Tuesday, August 22, 2023 - 11:33am | 499The American EV startup Fisker Inc (NYSE: FSR), who is the latest automaker to adopt the charging technology developed by the EV king, Tesla Inc (NASDAQ: TSLA), just revealed further details of its electric pickup whose launch is scheduled for 2025. Worksport Ltd (NASDAQ: WKSP)(NASDAQ:...
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Today's News From The EV And Automotive Universe
Tuesday, August 15, 2023 - 11:24am | 659Fisker is the latest automaker to adopt the North American Charging Standard (NACS) or simply put, gain access to the charging technology and infrastucture of the EV king, Tesla Inc (NASDAQ: TSLA). Like Ford Motor (NYSE: F), General Motors (NYSE: GM) and Rivian Automotive (NASDAQ: RIVN), Fisker...
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Elon Musk Faces Competition: Fisker Unveils 'Ronin' Four-Door Convertible
Thursday, August 3, 2023 - 10:46pm | 365Fisker Inc. (NASDAQ:FSR) has revealed its latest electric vehicle, the Ronin, a convertible aimed at competing with Elon Musk’s Tesla’s (NASDAQ:TSLA) Roadster, Electrek reports. The Ronin, first teased last month, was unveiled at the ‘Fisker Product Vision Day 2023’. Henrik...
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Elon Musk On Tesla Making Zero Profit, Rivian Reclaims Partial Tax Credit, Lordstown Mulls Reverse Stock Split And More: Biggest EV Stories Of The Week
Saturday, April 22, 2023 - 11:02am | 880Electric vehicle stocks moved down alongside the broader market in the week ending April 21. Tesla, Inc. (NASDAQ: TSLA) set the ball rolling with mixed quarterly results. Here are the key events that happened in the EV space during the week: Tesla’s Q1, Price Adjustments And...
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Tesla Cuts Prices Even Further, GM Topples Ford, Fisker Closes In On Ocean SUV Launch And More: Biggest EV Stories Of The Week
Saturday, April 8, 2023 - 9:56am | 983Electric vehicle stocks closed mostly lower in the holiday-shortened week ending April 6, with a broader market weakness set in motion by recession fears. Here are the key events that happened in the EV space during the week: Tesla’s Pullback, Price Cuts, Proxy Filing And More:...
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Barron's Latest Picks And Pans: Amazon, Johnson Controls, Porsche, Walmart And More
Monday, July 5, 2021 - 7:37am | 1059The cover story in this weekend's Barron's offers investment opportunities as Europe's economy and markets rebound. Other featured articles discuss European airline stocks ready to soar, the worst retail stocks of the first half of 2021 and the passing of the baton at Amazon. Also, see...