2023 Fisker Ocean One on 2040-cars

Auto blog

Troubled Fisker slashes price of leftover 2023 models

Fisker announced a round of drastic price cuts in a bid to offload its inventory of unsold 2023-model-year cars and hoist itself out of dire financial straits. The only model in its range, an electric crossover called Ocean, will cost up to $24,000 less beginning on March 29, 2024. The company offers three Ocean trim levels called Extreme, Ultra, and Sport, respectively. Updated pricing is as follows. 2023 Ocean Extreme: $37,499 ($24,000 less than before) 2023 Ocean Ultra: $34,999 ($18,000 less than before) 2023 Ocean Sport: $24,999 ($14,000 less than before) Note that these figures exclude destination and available incentives. Fisker notes that the price cuts only apply to 2023 models, which could deter some buyers. While these are new cars, and they feature the 2024 version of the company's operating system, some rival brands are already rolling out their 2025 models. To sweeten the deal, Fisker points out that the leftover 2023s are equipped with up to $7,000 in options including 22-inch wheels and extra-cost paint colors. Time will tell whether these massive discounts ($24,000 is about the price of a new Hyundai Kona) will allow the brand to trim down excess inventory. The Ocean's launch has been dotted with problems, including loss of power while driving, and the National Highway Traffic Safety Administration (NHTSA) opened a preliminary probe into the crossover due to four complaints "alleging unintended vehicle movement." Meanwhile, all is not well at Fisker. The company laid off about 15% of its staff earlier in March 2024 and warned that it risks running out of money. It later paused production of the Ocean, which is built in Austria by contract manufacturer Magna, because it's sitting on a global inventory of around 4,700 unsold cars worth over $200 million. Its shares were suspended from the New York Stock Exchange (NYSE) as talks with a major carmaker, widely rumored to be Nissan, fell through. Fisker has reportedly hired advisers for a potential bankruptcy.

Karma will build engineering, sales offices near Detroit

Karma Automotive, the successor to the Fisker brand of high-end extended-range plug-in vehicles, appears to be looking to plan its rebirth in the heart (or the lion's den, some would say) of the US vehicle industry. The company, which was acquired out of bankruptcy by China-based Wanxiang in 2014, is planning to build its engineering and sales offices in Troy, Michigan, Automotive News says, citing the Michigan Economic Development Corp. The $3.6-million development will house as many as 150 workers. Karma officially changed its name from Fisker last year, as the Fisker moniker is affiliated with the coach-building company run by Henrik Fisker. The automaker is slated to unveil its new vehicle, called the Revero, by the end of the year. That car is expected to be somewhat similar to the original Karma, including its sleek design, the use of a 2.0-liter engine, and 33-mile all-electric range. No price for the new model, which is expected to remain firmly in the luxury sector, has been disclosed. Karma will receive $450,000 from the Michigan Business Development Program in order to help build the facilities in Troy. Karma also has a 556,000-square-foot vehicle-assembly plant in Moreno Valley, CA, about 65 miles east of Los Angeles. The former Fisker Automotive, which had been based in Orange County, CA, was founded in 2007. The company had plans to make a second model called the Atlantic, and once estimated that it could make 100,000 vehicles a year. FisKer Automotive produced its $100,000-plus vehicles until 2012 before going bankrupt. Wanxiang acquired Fisker for $149.2 million, beating out Hong Kong-based Hybrid Tech Holdings in an extensive bidding war. Related Video: Featured Gallery 2012 Fisker Karma: Second Drive View 30 Photos News Source: Automotive News-sub.req. via Crain's Detroit Business Green Fisker Electric Detroit Michigan karma karma automotive revero

Fisker plans lineup of four electric vehicles by 2025

Fisker recently declared it wants to secure the rights to use Volkswagen's MEB platform to underpin an electric crossover named Ocean. Although the deal hasn't been finalized yet, it released a preview image that sheds light on some of the other cars it plans to release. Company founder Henrik Fisker envisions a four-car range by 2025. Introduced as a concept at CES 2020, the Ocean takes the form of a battery-powered soft-roader that's about the same size as the Ford Mustang Mach-E. Although we don't know which platform it will be built on yet, it's expected to enter production in early 2021 and land with a base price in the vicinity of $38,000 before local and federal incentives enter the equation. Fisker announced it will also launch a flexible lease program. Fisker described its second vehicle as "a segment-busting super-sports sedan based on the EMotion concept," and its preview image shows the design study it introduced during CES 2018. There's no word yet on how it will evolve as it makes the transition from a show car to a production car, but Fisker explained it delayed the sedan's introduction until 2022 at the very earliest, in part because the solid-state battery technology it hopes to make available isn't ready for production yet. It also anticipates the Ocean will sell in greater numbers than the EMotion. The California-based company's range will also include a "sports crossover," which looks like a fastback on stilts in the vein of the BMW X4. Shown for the first time, it seemingly receives a much sportier design than the Ocean. Finally, it reaffirmed its plans to enter the burgeoning electric pickup segment, but the truck it plans to catapult into this increasingly crowded ring is hidden under a sheet. Fisker added all of the aforementioned models will be built using "platforms, battery packs, and components" sourced from the world's leading manufacturers and suppliers. They'll all be electric — gasoline-, diesel- and hybrid-powered vehicles aren't part of Fisker's plan. Fisker can talk the talk, there's absolutely no doubt about it, but now it needs to prove it can walk the walk. It's in the process of going public by merging with a blank-check company backed by Apollo Global Management. The deal will give it a $2.9 billion value, and provide it with $1 billion in gross proceeds it will use to make the Ocean a reality. Proceeds from that model will presumably be used to develop and launch production of its other cars.