2012 Fisker Karma Sport on 2040-cars

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Fisker's forthcoming luxury crossover to get a name this week

Automotive designer and entrepreneur Henrik Fisker has been busy teasing his upcoming luxury electric SUV on social media, promising more information including a name this week and releasing a slew of new images, a short video clip and a few juicy new details. The big news is the promised reveal of a production-intent prototype version in January, not December as was once promised, and that it will be made available exclusively via a “no hassle” subscription that Fisker says will be flexible with no long-term contract and a full warranty. When asked by a Twitter user whether the subscription plan would be similar to the Volvo XC40 under the Care by Volvo subscription program, Fisker said the cost would be “way, way, way lower,” with a higher annual mileage allotment and no minimum term. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. For comparisonÂ’s sake, Volvo makes the XC40 crossover available starting at $700 per month under its Care by Volvo subscription service, with a 15,000-mile annual cap. Fisker promised more details about the subscription plan on Nov. 27, when he will also launch a mobile app and open up reservations. Along with the official unveiling in January will come word of a partnership for an EV charging network, Fisker said in response to another Twitter user. He also revealed plans to launch production in late 2021 with high-volume ramp up in 2022. We also are treated to a brief video clip of the SUV in front three-quarters view, highlighting the slim LED headlights and another strip below them on the bumper, plastic cladding around the wheel wells and seven-spoke wheels. It also appears that the door handles are illuminated. When we last checked in on Fisker Automotive it was to show you an overhead view of the crossoverÂ’s solar panel rooftop, an idea borrowed from the 2011 Fisker Karma. Fisker at the time also teased a new battery-electric pickup truck, one of two new additional models to come after the SUV. We also know to expect a range of around 300 miles from the at least 80 kWh lithium-ion battery and a turn signal that wraps around from back into the D pillar for added notification when you change lanes. Total price has been pegged at just under $40,000.

Fisker stock trades halted as talks with Nissan collapse

Fisker's talks with a large automaker for a potential deal have collapsed, it said on Monday amid growing uncertainty for the cash-strapped startup that last week paused electric-vehicle production.  Trading in the shares of the company, which did not name the automaker with which it was in talks, has been halted pending an announcement.  Fisker also said it will not be able to meet a closing condition related to its attempt to raise up to $150 million in funding by selling convertible notes after missing an interest payment.  Separately, Fisker said it would ask investors to vote on a proposal for a reverse stock split at a shareholder meeting on April 24, as it looks to maintain compliance with the Nasdaq's listing norms.  Reuters had reported earlier this month that Nissan was in advanced talks to invest in the company, however, earlier in the day, the Japanese automaker held an event in which it announced a long-term business plan, including its EV strategy, and said it was looking for partners in the United States.  Raising funds has been hard for loss-making electric vehicle startups, which have little in way of revenue as they struggle to ramp up production and deliver to customers, as the companies battle stiff competition and a tough economy.  The EV startup's shares have cratered this year, losing more than 90% of their value, after it flagged going concern risk in February and paused investments in future projects until it secured a partnership with an automaker.  Fisker pivoted to a dealer-partner model earlier this year, after it delivered less than half of the vehicles it made in 2023 due to logistics issues.    Earnings/Financials Fisker Nissan

Fisker tells its staff that four companies are interested in buying it

Fisker is nearing bankruptcy, but there might be a light at the end of the long, dark tunnel it's been traveling in for the past few months. Four companies have shown an interest in buying the troubled brand, according to comments made during a meeting by founder Henrik Fisker. "We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs," the executive said during what's described as an "all-hands meeting" for staff members held earlier this month. "However, they obviously need time to get some diligence." Business Insider, who reported the comments, adds that Fisker didn't reveal the identity of the four companies. He specified that they're car companies, but that's a vague term that could refer to anything from a small startup with shady backing to a major group that's been around for over a century. Similarly, there's no word on how long it will take for these companies to decide whether to make an offer on Fisker. In spite of its setbacks, including damning reviews of the only model it has managed to bring to production, a National Highway Traffic Safety Administration (NHTSA) probe, and reports of thousands of canceled orders, Fisker seemingly remains fairly attractive to investors. Nissan briefly considered buying the carmaker earlier in 2024 but the talks ended without a deal, according to an earlier report. Deutsche Bank is helping Fisker look for takeover candidates, and the company has already turned down one offer that wasn't "sufficient," its CEO said. Fisker hasn't commented on the report. Meanwhile, industry trade journal Automotive News (subscription only) reports Henrik Fisker has listed his personal home — an 11,800-square-foot mansion in Hollywood Hills — for sale at $35 million, though you can also rent it for $125,000 per month. The publication notes $35 million is more than Fisker's market cap, which stood at $33.7 million when it was delisted from the New York Stock Exchange.