2023 Fisker Ocean One on 2040-cars

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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.

Bob Lutz named chairman at Via Motors

Bob Lutz is staying very busy. The ex-vice chairman of General Motors, and champion of the Chevrolet Volt, has been named chairman of the board at Via Motors. Lutz will need to squeeze that in between his role as senior advisor at vehicle interior designer Katzkin, being an owner at VL Automotive and perhaps as an advisor to Wanxiang and Fisker Automotive. Lutz thinks that Via's business plan of building extended range plug-ins is a smart way to go. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans and SUVs," Lutz said in a prepared statement, which you can read below. Lutz has decades of experience holding executive positions at some of the world's leading automakers and has spent the last few years working with green-focused start-ups. Lutz will replace Carl Berg, who served as chairman since Via's launch in 2009 and will continue to be the company's largest stakeholder. As Via's new chairman, we figure Lutz will continue bragging about the trucks' bells and whistles – such as its built-in solar panels that can add 10 miles of range to the battery pack if it's parked in the sun all day. ANN ARBOR, MI– VIA Motors announced today that auto legend, Bob Lutz, former vice chairman of General Motors and a board member of VIA Motors, was appointed Chairman of the Board of VIA Motors, maker of extended range electric trucks, vans & SUVs. Lutz is also known as the "father of the Chevy Volt" America's best selling electric vehicle. "VIA is fortunate to have the experience of one of the industry's foremost executives leading our board," said John Weber, VIA Motors, CEO. Mr. Lutz brings with him a passion for the evolution of the automobile, and decades of experience from his tenure in top executive positions at each of the world's leading auto companies, noted Weber. "I believe VIA is electrifying the right end of the business and is implementing a very sound business strategy," said Lutz. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans & SUVs. That's why I am so confident in VIA and I'm pleased to serve as Chairman," said Lutz. Lutz is replacing retiring chairman Carl Berg, who has served with distinction since VIA's launch in 2009.

Fisker Project Ronin EV sedan previewed ahead of 2024 launch

Fisker's lineup of to-be-launched cars has grown again. Shortly after it announced an urban EV codenamed PEAR, the company released a sketch that shows an electric sedan called Project Ronin which will be positioned at the top of its range when it (hopefully) enters production in 2024. "The aim is to achieve the world's longest range for a production EV, combined with extremely high levels of performance. Project Ronin will be a showcase for our internal engineering, powertrain, and software capabilities," explained company boss Henrik Fisker in a statement. He stopped short of providing specific figures, but the company explained that Project Ronin — which borrows its name from a 1998 movie famous for its car chases — will be capable of carrying four adults and their luggage. Under development since 2021, the model seemingly takes the form of a low-slung car with four doors, though we're told it will feature "unique doors." The sedan will be built with lightweight materials, it will use active aerodynamic technologies, and it will be powered by a battery that will be integrated into the vehicle structure. Fisker expects to unveil Project Ronin in August 2023, and production is tentatively scheduled to begin in the second half of 2024. If everything goes according to plan, the sedan will become the third member of the Fisker range when it starts rolling off the production line. Fisker's first car should be the Ocean, an electric crossover that should enter production in Austria before the end of 2022. It will be followed by the aforementioned PEAR, which will be built in Ohio with help from Taiwan-based software giant Foxconn starting in 2024. Green Fisker Coupe Electric Future Vehicles