2023 Fisker Ocean !! 116 Miles !! Great Value !! on 2040-cars

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Fisker is laying off 15% of staff and says it needs more cash ahead of a 'difficult year'

Electric vehicle startup Fisker is planning to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. The company says it is trying to find a way to raise that money as it works through a pivot from direct sales to a dealership model. "[W]e have put a plan in place to streamline the company as we prepare for another difficult year," founder and CEO Henrik Fisker said in a statement. Fisker reported more than 1,300 employees as of the end of September 2023, meaning the cut could affect close to 200 people. The company's share price plunged 35% in after-hours trading. Fisker said Thursday that it finished 2023 with $396 million in cash, though $70 million of that is restricted. The company says it is talking with one of its lenders about making "an additional investment" in the company. It also claims it is "in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing." A partnership like that will be crucial, as Fisker executives said on a call Thursday that it won't invest any more money in its future products unless it works with another automaker. That means the fates of a pickup truck, compact EV and other models that Fisker has teased are now in question. The company's financial struggles come as it is trying to move to a wholesale model built around partnerships with dealers, a shift that Fisker says has "negatively impacted" its sales so far. It's currently sitting on inventory of thousands of vehicles that are collectively worth more than $500 million. Fisker says it has received interest from around 250 dealerships but has only signed up 13 to date. Fisker has also been dealing with a number of problems with its Ocean SUV, its only model so far, as TechCrunch reported earlier this month. The company has said it resolved some issues with a software update in December and planned to fix many more in a larger 2.0 update earlier this month, but that only started making its way to customer vehicles this week. It is currently being investigated by the National Highway Traffic Safety Administration for reports of sudden brake failure, as well as for a handful of vehicle rollaway incidents. A number of big automakers are pulling back on their aggressive EV targets, and newer players are having trouble as well.

Fisker adds dealerships to direct sales model to boost EV sales

Electric vehicle company Fisker said on Thursday that it would add dealerships alongside its direct-to-customer distribution model to expand its sales and delivery network. The California-based company, which sells its vehicles across the United States and Canada apart from other markets in Europe, has only two showrooms or Fisker Lounges in North America — one in Los Angeles and the other in New York. In other locations, it has retail stores called Fisker Center+. Fisker said, in Europe, it will continue to offer direct sales but will bring onboard partners for sales and distribution. While the EV startup made more than 10,000 vehicles in 2023, it delivered only about 4,700 units of the Ocean sport utility vehicles due to distribution constraints. "We are evolving our business model and intend to add as many as 50 dealer partners in the US and Canada and a similar number of dealer locations in Europe this year," CEO Henrik Fisker said. The company expects to send its first Ocean vehicles to new dealers by the end of the first quarter, Fisker said, adding that it has been in talks with dealer partners since November 2023. Lucid, Rivian and Fisker have followed an online and direct-to-consumer model that was started by Elon Musk-led Tesla, in their efforts to cut out middlemen that dealership models have. Earlier this week, Vietnamese electric car maker VinFast Auto said that it had signed its first five dealerships in Texas, New York, Kansas and North Carolina. Swedish EV maker Polestar also uses a dealership model. 

Fisker EMotion EV and flexible solid-state battery debut at CES

We've been following Henrik Fisker's new company closely, and have taken a keen interest not just in his Fisker EMotion luxury electric sedan, but also in the battery and charging technology the company's been developing. Now, at the 2018 Consumer Electronics Show ( CES) in Las Vegas, we've gotten a full reveal of the upcoming vehicle, as well as new details about Fisker's solid-state battery technology, which has the potential for dramatic increases in electric driving range. Fisker teased the reveal of the EMotion in recent days, showing off the butterfly doors, and giving us a glimpse of the interior. Previously, we had learned of its fantastic, 400-plus-mile range and swift charging capabilities. A conversation we had with Henrik Fisker revealed more about the design, the battery and a secret charging method that he thought could change the EV game. Now, we have a lot more details about the car, though Fisker is still keeping some of his company's tricks under his hat. View 21 Photos The all-wheel-drive Fisker EMotion will have an estimated top speed of 161 miles per hour. It will be capable of Level 4 automated driving thanks to a suite of five Quanergy lidar sensors. The car will ride on 24-inch Pirelli low-rolling-resistance tires. The butterfly doors feature flush handles, and they open and close with the help of smartphone control. The car is about 197 inches long, with an overall height of about 52 inches, but Fisker says the packaging of the electric powertrain allows for a more spacious interior than most vehicles of this size. Let's talk more about that interior, as this is the first time we've gotten such a close look at it. It's very luxurious, combining the comfort of leather with the convenience of modern infotainment technology. Fisker says it will also offer a vegan interior option for the EMotion. The car has four individually adjustable electric seats, with a five-seat option with a rear bench. Fisker promised the car would provide entertainment when operating in autonomous mode, and that comes in the form of three driver-oriented screens, with a curved center screen, as well as an optional 27-inch rear curved screen for the Chauffeur Edition EMotion. The glass roof features four zones of tint, each electrically adjustable to let in your desired amount of light. The Fisker EMotion is set to launch by the end of 2019, with a starting price of $129,000. The company is currently taking reservations for $2,000 at its website.