2012 Fisker Karma Sport on 2040-cars

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Fisker stops production, warns it may need to seek bankruptcy

Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy. The company didn’t make a required interest payment of about $8.4 million last week on its unsecured convertible notes due in 2026, according to a regulatory filing Monday. Fisker warned it may not be able to meet obligations to service its debt and “could need to seek protection under applicable bankruptcy laws.” Fisker shares fell as much as 14% shortly after the start of regular trading. The stock had plummeted 90% this year through last weekÂ’s close. Fisker also said Monday that it plans to raise as much as $150 million through a financing deal with the holder of its 2025-dated convertible notes. The Los Angeles-based EV maker didnÂ’t identify the existing investor and said the funding will be organized in four tranches and subject to certain conditions. The disclosures expound on the dire state of Fisker, which warned late last month that there was substantial doubt about its ability to stay in business. The company has said it will cut 15% of its workforce after struggling with production issues, software glitches and short-seller criticism. Fisker said it remains in negotiations with an unidentified large automaker about a potential investment and joint development partnership. Bloomberg reported earlier this month that the company was in talks with JapanÂ’s Nissan Motor Co., citing people familiar with the matter. In its statement, Fisker said it has about 4,700 vehicles in inventory worth more than $200 million. ItÂ’s pausing production in Graz, Austria, starting this week to sell down its supply of already-built EVs.   Earnings/Financials Plants/Manufacturing Fisker

Ford Mustang GTD, Acura ZDX and Pebble Beach recap | Autoblog Podcast #795

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by News Editor Joel Stocksdale. In the news, there were a lot of recent unveilings, including the Ford Mustang GTD, Pininfarina B95, Lamborghini Lanzador, Acura ZDX and Fisker Alaska. We recap Pebble Beach and the Woodward Dream Cruise. Joel is fresh off a track drive of the Audi R8 (at Laguna Seca!), and we give ann update on our long-term Toyota Sienna minivan. Finally, we take to Reddit to help pick a new car with a V8 in this week's "Spend My Money" segment. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #795 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2025 Ford Mustang GTD revealed as a race car for the road — it costs $300,000 Pininfarina B95 revealed, 0-60 in 2 seconds, and at $4.8 million is the priciest EV ever Lamborghini Lanzador concept is a megawatt wedge previewing the first Lamborghini EV 2024 Acura ZDX revealed with up to 500 horsepower Fisker Alaska electric pickup specs, price and production plans revealed Cars we're driving 2023 Audi R8 Quattro Long-term 2023 Toyota Sienna Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Podcasts Acura Audi Fisker Ford Lamborghini Toyota Concept Cars Electric Future Vehicles Luxury Performance

Fisker Pear interior teased, shows airy, minimal cabin

Henrik Fisker is back on Instagram, this time with his Pear. The CEO teased the interior of the coming compact electric vehicle that will double Fisker Automotive's lineup after the Ocean goes on sale later this year. The Pear, an acronym for Personal Electric Automotive Revolution, wants to melt the hearts and open the wallets of city dwellers looking for minimalist urban transport with elevated design at minimal cost. Based on the interior rendering, such buyers will get a good look at their cities out of the Pear thanks to tall, wraparound windows. The curved A-pillar intrigues us. Aerodynamic necessity has made EV windshields terrifically narrow because they're raked so steeply, and the tops of instrument panels shockingly lengthy. An upright-looking windshield on a curt IP would be a novelty in an EV. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Elsewhere, there's the SolarSky panoramic roof that's expected to contribute to range. The Pear could drop the Ocean's second gauge cluster screen, putting everything on the central infotainment monitor held aloft from the dash. There seems to be heaps of ambient lighting, notably on the declining forward edge of the center tunnel. It's all simple and bold. What we can't see is the "Houdini trunk" behind the back bench, claimed to be a new concept in storage that will "offer a new level of storage for its segment." We could begin to find out how this looks in real life later this year. Fisker said prototypes might hit the road ahead of schedule, before 2022 is out. The retail version isn't slated for production until 2024 at this point, in the Lordstown, Ohio plant that Foxconn owns. When that happens, we've been promised two battery sizes powering single- and dual-motor powertrains. The larger battery is called the Hyper Range unit, aiming at more than 300 miles on a charge. Fisker's caption said, "We are currently working full speed on re-defining how to make an inexpensive car. Reducing parts, make them simpler." If all goes to plan, the entry-level version will cost $29,000 before incentives. That's a shockingly low price right now, never mind in two years. The company says it as 3,200 reservations so far for the Pear, and more than 50,000 for the Ocean. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.