2023 Fisker Ocean on 2040-cars

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Fisker Ocean goes prepper, teasing hardcore off-roader for 2021

Fisker Automotive's battery-electric Ocean crossover is a year away, with production scheduled for 2021. It's silly to think we won't hear any more about the Ocean until then, though. Eponymous honcho Henrik Fisker hit up Twitter to tease two versions of a much meatier Ocean. Both designs sit on gratuitously broad, knobby tires that require a widebody treatment in order to fit entirely under the crossover. On one design, the only other change is a spare tire placed in the roof rack. On the second version, the roof rack is empty, but the tailgate carries a shovel and contains a small door labeled "Charging Box." In the tweets, Fisker writes he's "found an amazing space for the spare tire, that could only be done with an EV!! Not the roof, in sketch! Will reveal next week."    This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker tagged the tweets with "adventure" and "Extreme Rescues," indications of the individual, NGO, and military aspirations for the model. He told Top Gear magazine, "The low center of gravity and wide track brings added stability and makes the Fisker Ocean a perfect clean sustainable utility vehicle, that can be used by international organisations, which needs to deploy rescue vehicles in rural areas, it can also be used as a zero emission military version to transport military personnel, as oil is one of the largest expenses for the military." Back to the mystery of spare tire placement, the CEO wrote that the space is not in the cargo area nor in the frunk. This doesn't leave many EV-specific options, especially since it's crucial to keep spare tires where they can be easily extracted when off-road, but we'll wait for the big reveal for the answer. Should the Ocean off-roader get its debut next year, it will enter a segment that's picking up more competitors by the month, both EV and internal combustion. If Fisker can launch his standard Ocean for $37,000, and price the adventure Ocean not far off that, he'll at least have a clear value victory over other makers like Rivian, Bollinger, and the premium pricing we expect for a 1,000-horsepower Hummer EV. Related Video:    

Fisker misses second-quarter production target due to parts shortage

Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading. The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. "A few suppliers had challenges ramping to the targeted 2Q levels, as they did not receive components from sub-suppliers in a timely manner," Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July. Fisker, which will report its second-quarter earnings on August 4, produced 55 vehicles in the March quarter. It began deliveries in the United States last month. The production figures come as some EV firms face dwindling cash reserves, pressured by high costs related to production ramp-ups and inflation. Last month, Lordstown Motors filed for bankruptcy protection, while Electric Last Mile Solutions filed the same last year. In contrast, EV behemoth Tesla and Rivian Automotive beat market estimates for second-quarter deliveries. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Almost $1 billion in claims filed against bankrupt Fisker

You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because Fisker, which declared bankruptcy in November, has generated $985.4 million in claims from 618 not-so-happy parties, Delaware Online says, citing a bankruptcy filing from last week. Fisker stopped making its sporty but troubled Karma in mid-2012. Wanxiang America won an auction for Fisker's assets, including its Delaware factory, for $149.2 million. That leaves $836 million, or about 85 percent of the collective value of the claims against the company. Naturally, Hybrid Tech Holdings, which was beaten out by Wanxiang in the bidding for the assets, has jumped in line to see if it can make good on what was formerly that DOE loan. The state of Delaware, where Fisker had acquired an old General Motors factory, is seeking $20 million stemming from some incentives it provided up front. And Finland's Valmet Automotive wants $8.5 million for its work with the company. Former Fisker employees say the company is on the hook for another $6 million, and none other than General Motors itself is claiming it is owed the same amount. Then there is the lawsuit we first heard about in December that was filed against Fisker and some of its executives who were collecting hefty paychecks while no cars were being produced. Add it all up and you get almost a billion dollars. Good times.