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Tesla China’s Steep Model Y Output Cut, Lucid Wields The Ax, Ford Rumored To Ease Dealer Requirements For EV Sales And More: Biggest EV Stories Of The Week

By Shanthi Rexaline

May 25, 9:10 AM

Headwinds in the EV industry are forcing companies to adopt measures to weather tough conditions.

3 minute read

Tesla’s Ongoing Austerity Measures, Rivian-Apple Partnership Buzz, Biden Administration’s Clampdown: Biggest EV Stories Of The Week

By Shanthi Rexaline

May 11, 9:37 AM

Teething trouble, demand slowdown, competition and profitability issues all continue to weigh down on the EV industry.

AAPL

2 minute read

Fisker Stumbles First In Europe: EV Startup Files For Bankruptcy Protection In Austria

By Anan Ashraf

May 8, 7:01 AM

The Austrian unit said in a statement that no other entities of Fisker are included in the restructuring.

FSRN

2 minute read

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

By Anan Ashraf

May 7, 7:56 AM

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

FSRN

1 minute read

What’s Going On With Magna Shares After Incurring $316M Charges Related To Fisker In Q1?

By Nabaparna Bhattacharya

May 3, 8:48 AM

Magna International shares dip in premarket trading following Q1 results, including $316 million charges related to Fisker, despite beating revenue expectations and reporting increased adjusted EBIT.

FSRN

2 minute read

Nearly-Bankrupt Fisker Marches Ahead With 6 New Dealership Locations In These US Regions

By Anan Ashraf

May 3, 7:44 AM

Fisker on Thursday said it has added six new locations, including three dealer partner locations in California and three in Missouri, Guam, and Pennsylvania.

FSRN

2 minute read

Cash-Strapped Fisker’s CEO Lists Luxurious Hollywood Mansion For More Than Company’s Worth As Bankruptcy Looms

By Anan Ashraf

May 2, 2:36 AM

As per a real estate listing, the house in Los Angeles has 11,800 square feet of living space, 6 beds, 8 baths, and offers a "quintessential Southern California living experience."

FSRN

2 minute read

News
Tech

Fisker Initiates Fresh Round Of Layoffs To Preserve Cash As Bankruptcy Looms

By Anan Ashraf

May 1, 10:54 AM

Beleaguered EV maker Fisker Inc. has reportedly initiated a new round of layoffs amid fears of impending bankruptcy.

FSR

4 minute read

Tesla Calms Investors After Dismal Q1, Fisker Buyout Buzz, BYD Enters Pickup Game And More: Biggest EV Stories Of The Week

By Shanthi Rexaline

April 27, 8:48 AM

For now, Tesla has avoided a major setback, but the days ahead will reveal whether the company's direction is sufficient to engineer a fundamental turnaround.

BYDDF

1 minute read

‘Fisker Tells Employees That 4 Automakers Are In Talks To Buy The Struggling Startup’ – Business Insider

By Benzinga Newsdesk

April 25, 1:00 PM

https://www.businessinsider.com/fisker-tells-staff-startup-in-talks-with-4-automakers-buyout-2024-4#:~:text=Fisker%20CEO%20Henrik%20Fisker%20told,he%20told%20staff%20on%20Thursday.Fisker is in talks with four automakers

FSRN