2023 Fisker Ocean on 2040-cars

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Fisker introduces the $37,499 Ocean EV crossover ahead of CES 2020

Fisker unveiled an electric crossover named Ocean during a private event held before the model's official debut at CES 2020. Due out in 2022, the Ocean will compete in the same growing segment of the market as the upcoming Tesla Model Y and the recently-unveiled Ford Mustang Mach-E. The Ocean is the latest brainchild of designer Henrik Fisker, the same man responsible for the Karma (which is now known as the Revero) and the EMotion unveiled at CES 2018. It doesn't look like either of those cars, and it's more SUV-like than its aforementioned rivals. Fisker instructed his team to find ways to make the Ocean stand out in a rising tide of crossovers. Stylists came up with a handful of interesting features, like turn signal repeaters integrated into D-pillars, and solar panels integrated into the roof. Fisker explained motorists who live somewhere with good weather can generate about 1,000 miles of driving range annually by parking in the sun. Naturally, Seattleites need not apply. A thousand miles of range isn't much, but the firm argued it's a start. "We know this thing is improving, and we can then update it because we've already got the hardware," Fisker said during the unveiling.  While safety advocates celebrate the head-up display as a way to keep drivers focused on the road ahead, Fisker found a way to make the feature distracting by adding a karaoke function that presumably shows song lyrics next to the car's speed and navigation directions. We haven't seen the full interior yet, though we know it's made using sustainable materials like discarded fishing nets. There's also a California mode which lowers the six side windows, drops the rear window (like on an old American station wagon), and opens the sunroof at the push of a button to let the breeze in. The Ocean's powertrain consists of a lithium-ion battery pack with a capacity of about 80 kilowatt-hours, and an electric motor mounted over each axle for through-the-road all-wheel drive. Fisker quoted between 250 and 300 miles of driving range depending on driving conditions. Volkswagen-owned Electrify America will open its growing nationwide charging network to Ocean owners. Fisker expects to start Ocean production in late 2021, and deliveries are tentatively scheduled to begin in early 2022. Motorists who want to secure an early build slot still have time to send the company a $250 deposit.

Fisker-Foxconn EV partnership 'moving faster than expected'

U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its "accelerating" partnership with Foxconn. The company, which reported its second-quarter earnings Thursday after market close, raised its business outlook for expectations for key non-GAAP operating expenses and capital expenditures for the full year up from its previous guidance of $450 million to $510 million. The earnings report pointed to R&D spending on prototype activities in 2021 driven by testing and validation on advanced driver assistance systems, powertrain and user interface. The company also noted an increase in spending on in-house costs, such as virtual validation software tools, hiring and virtual and physical testing to account for recently tightened Euro NCAP and IIHS safety regulations. Co-founder, CFO and COO Geeta Gupta Fisker added during an investor call that the company made a strategic decision to develop internal capabilities to test and validate, instead of relying solely on third parties. Co-founder and CEO Henrik Fisker said in an interview Thursday its partnership with Foxconn, which is "moving faster than expected," also is contributing to an increase in spending. "We were really aligned," Fisker said in an interview Thursday. "I mean it's a very unique business deal because we are both investing into this program; it's not like we just hired Foxconn to make a car." Fisker has two vehicle programs in the works. Its first electric vehicle, the Fisker Ocean SUV, will be assembled by automotive contract manufacturer Magna Steyr in Europe. The start of production is still on track to begin in November 2022, the company reiterated Thursday. Deliveries will begin in Europe and the United States in late 2022, with a plan to reach production capacity of more than 5,000 vehicles per month during 2023. Deliveries to customers in China are also expected to begin in 2023. Fisker Ocean at the track View 6 Photos In May, Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new electric vehicle.

Fisker could be renamed when production restarts in 2015

The Orange County Register has an update on Wanxiang's plans for Fisker, and it starts with the idea that you would see brand new Karmas back on the road in mid-2015. From there the goals get less certain, the OCR saying the Surf station wagon "could ship in 2016" and the mid-priced Atlantic "might come in 2017." The targets came from an interview with interim CEO Roger Brown as he laid out how fluid the present situation is. The primary certainty, according to Brown, is that new owner Wanxiang is determined to execute on its vision and "build a great car company." The puzzle pieces that make that picture are still being assembled – even the name of the post-bankruptcy company, Fisker Automotive for now, is being debated. No matter what the name will be, Wanxiang and Brown need to establish the blood and bones of a company that can provide what the original Fisker Automotive didn't. Brown said they're looking for a permanent CEO over the next three months, they need to settle on a location for headquarters and increase the staff from the current 25 to the 200 or so necessary to engineering a fully fleshed-out Karma and successive products, and figure out where cars are going to be built. Concerning workers, Brown revealed that, "We've been flooded with people that want to come back." As for manufacturing in the Delaware plant that Fisker Automotive still controls or somewhere else, we've heard there are even odds on US production, but the final answer will probably be delivered by the new CEO.