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

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Over 40,000 customers reportedly cancel their Fisker Ocean reservation

Fisker's ongoing financial troubles have reportedly scared off a substantial number of the buyers who reserved the electric Ocean crossover with a refundable deposit. The company has lost more than 40,000 reservations that it will need to reimburse, according to a recent report. Citing leaked data and internal metrics, Business Insider wrote that Fisker received between 70 and 80 cancellations per day "in a recent seven-day average." The total number of canceled reservations stands at over 40,000, the report said, which represents a huge chunk of the reported 70,000-plus reservations the firm has collected since it opened the order book in November 2019. Fisker hasn't commented on the report. If this is accurate, the cancellations compound Fisker's problems in several ways. First, the brand's sales forecast has seemingly fallen by over 50%, meaning its revenue forecast has inevitably dropped by the same number. This comes at a time Fisker needs to generate more sales in order to stay afloat; it recently paused production of the Ocean to save money, and it's sitting on a massive inventory of unsold cars. Second, Fisker will need to refund the deposit it collected from every reservation holder who cancels, according to Business Insider and the brand's terms and conditions. It costs $250 to reserve one example of the Ocean and $100 for each additional reservation; both sums are refundable. Fisker keeps the $25 processing fee that's added to every reservation, however. The publication estimates Fisker owes its customer base about $9 million. It adds that "a few thousand" customers have separately canceled an order, though the $5,000 deposit on those isn't fully refundable. It's not far-fetched to assume some of the customers who reportedly canceled a reservation realized they can get a new Ocean right away for much cheaper than initially advertised — Fisker slashed the price of its leftover 2023 models by up to $24,000 in March 2024 to trim its inventory of unsold cars and generate cash. Other customers might have simply lost faith in a company teetering on the brink of bankruptcy. While the Ocean, which is built by Magna in Austria, is the only Fisker model that has reached production, the company has shown three other electric cars that it began taking reservations for and ostensibly planned to sooner or later build. There's a pickup called Alaska, a city car named PEAR, and a four-door convertible known as the Ronin.

Fisker looking to hire 37 at career fair this week

Fisker Automotive appears to be kicking off its first round of hiring in Southern California since the high-end extended-range plug-in vehicle company went belly-up two years ago. The company, which is based in Costa Mesa, CA, says it wants to hire about three-dozen people at a job fair in California's Riverside County this week, according to local paper the Press-Enterprise. Fisker is building a 556,000-square-foot plant in the city of Moreno Valley, which is about 60 miles east of Los Angeles. The hirings are part of a job fair that is being put on by the Moreno Valley Employment Resource Center. Fisker will pay as much as $26 an hour for positions in the factory's body shop as well as some mechanical and quality-assurance positions. Fisker is looking to eventually bring in 150 full-time workers as early as next year. The company is said to already employ about 200 people at its home offices. Those interested in the factory positions can find job descriptions at rivcoworkforce.com. Reports about the new Fisker factory started surfacing in June. The company, which is now owned by China-based Wanxiang, is believed to be working on a revised Karma model called the Elux. Fisker built about 2,600 of its Karma plug-in vehicles before halting production in 2012 and going bankrupt a year later. Wanxiang acquired Fisker out of bankruptcy in early 2014 for $149.2 million. Since then, the company has launched a site called thenewfisker.com. The site is designed to offer parts and service of the Karma vehicles. Related Video: Featured Gallery 2012 Fisker Karma: First Drive View 23 Photos News Source: Press-Enterprise Green Plants/Manufacturing Fisker Hybrid California wanxiang karma employment job

More signs of life at New Fisker; Karma owners offered repair deal

It's not likely that anyone who was able to afford a $100,000-plus Fisker Karma extended-range plug-in (yes, we're talking about you, Leonardo DiCaprio and Cee Lo Green) needs a financial lifeline today, but they're going to get one nevertheless. With the luxury model having been out of production for more than two years after the company behind it ran out of cash, Fisker's new owners are offering a Consumer Support Program (CSP) for those looking to get the plug-ins repaired, and we imagine there are a few of them. It's at least a stopgap measure until the next iteration (which will be a lot like the current Karma) comes out. New owner Wanxiang is offering anywhere between $2,000 and $5,000 worth of parts and labor for those looking to give their Karma models some TLC. That offer stays in place until the end of next January. Fewer than 2,500 of the Karmas were built, with the last one rolling off the line in late 2012. Last month, Wanxiang started teasing details on TheNewFisker.com about the company's first vehicle, which will be called the Elux Karma and is said to have a price tag of about $135,000. Wanxiang acquired Fisker out of bankruptcy early last year for $149.2 million. Related Video: