From TechCrunch
By Kirsten Korosec
December 1, 2023
Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300 million in working capital, the company said in a business update Friday. Fisker said it expects to produce about 10,000 vehicles this year. The decision comes less than a month since Fisker cut its production target to between […]
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The fall of EV startup Fisker: A comprehensive timeline
Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023. Fisker cut production targets multiple times, failed to meet sales goals and laid off staff. What’s more, its Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn’t open to t
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Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300 million in working capital, the company said in a business update Friday. Fisker said it expects to produce about 10,000 vehicles this year. The decision comes less than a month since Fisker cut its production target to between […]
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Fisker plans more layoffs as cash dwindles and bankruptcy looms
Fisker says it’s planning more layoffs less than two months after cutting 15% ofnits workforce, as the EV startup scrambles to raise cash to stay alive. Fiskernexpects to seek bankruptcy protection within the next 30 days if it can’t comenup with that money, according to a U.S. Securities and Exchange Commissionnregulatory […]
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