2023 Fisker Ocean One Sport Utility 4d on 2040-cars

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Fisker Ocean EV production to ramp up to 300 units a day in fourth quarter

Electric-vehicle startup Fisker said on Thursday it expects to increase the production of its Ocean sports utility vehicle to about 300 units a day in the fourth quarter from around 180 units. The company has a manufacturing tie-up with Canadian auto part supplier Magna International, which produces its vehicles for the European and North American markets. Vehicle deliveries are expected to accelerate in North America in September, CEO Henrik Fisker said. As of Sept. 4, Magna has manufactured 3,123 vehicles, with just under 3,000 handed over to Fisker, the company said, adding that more than 450 Fisker Oceans in the US have been either delivered to customers or are in the process of being delivered. Last month, Fisker cut its annual production target due to supply chain issues. That overshadowed a smaller-than-expected quarterly loss and its first revenue from deliveries of electric sport utility vehicles. Even as suppliers recovered from a "COVID hangover" to keep pace with Fisker's production ramp-up, one key supplier of a complicated part which needs specific skilled labor, is taking longer than expected, the company had said. Green Plants/Manufacturing Fisker Crossover Electric

Fisker delivers 4,700 electric cars in 2023, shares jump on quadrupled sales

Henrik Fisker shows off the coming Fisker Alaska pickup. (Getty Images)   Fisker said on Friday its electric vehicle deliveries jumped more than four-fold during the final quarter, helping it hand over about 4,700 vehicles for the year. The rise in quarterly sales volume was primarily driven by strong demand for the Fisker Ocean SUV, priced at about $69,000, the company said. Fisker started making its first deliveries to U.S. customers in June. The company will announce a plan in January to boost sales and deliveries to align production capacity with strong demand for the Ocean SUV, Fisker said. Shares of the California-based EV company were up more than 10% in premarket trading. They have lost about 79% so far this year. Smaller EV firms are facing dwindling cash reserves, pressured by high costs related to production ramp-ups and price cuts to boost demand. Fisker, which has a deal with Magna International's Austrian unit to manufacture its cars, made 10,142 vehicles in 2023. The company, however, slashed its annual production forecast twice in the past two months as it slowed down production to meet working capital needs.  

Karma begins deliveries of the Revero luxury plug-in

If you missed out on the Fisker Karma plug-in hybrid, you can now get your hands on the revived, revised version, the Karma Revero. Karma Automotive has officially begun trucking the cars to showrooms, and the company held a "Delivery Day" ceremony to mark the occasion. While it's a big deal for the customers who had preordered the Revero, it's a transformative moment for Karma, as Chief Revenue Officer Jim Taylor points out. "Karma has moved from a product development company to an automotive manufacturer," he says. "We have completed the critical steps to become a true luxury vehicle OEM. The launch is a great accomplishment for our Company and all our team members." The range-extended luxury EV hasn't changed much since its first life under the oversight of Henrik Fisker. The Karma Revero has two electric motors providing the rear wheels with 403 horsepower and 981 pound-feet of torque. A 21.4-kWh battery provides up to 50 miles of electric-only driving range, while an onboard gasoline generator extends that range to 300 miles. It can do 0-60 miles per hour in 5.4 seconds, and has an electronically limited top speed of 125 mph. It features 50:50 weight distribution and auto-leveling suspension for optimal handling. Karma has dealerships in Pasadena, Fort Worth, Atlanta, Miami, Palm Beach, Chicago, Detroit, Philadelphia, Toronto, and Montreal. Related Video: