EV/AV Report: Fisker avoids liquidation; while provincial funding aims to help develop autonomous vehicle research
Toronto, Ontario — In this weekly electric and autonomous vehicle report, a Delaware judge in the United States has ruled that Fisker won’t be forced into a Chapter 7 liquidation; while the University of Ottawa (uOttawa) has received provincial funding to help develop autonomous vehicle research. Liquidation letups Automotive manufacturer Fisker will reportedly not be […]
Water Pump Woes: Fisker recalls Ocean Electric SUVs over potential electric water pump failure
Toronto, Ontario — Fisker is recalling 11,308 Ocean Electric SUVs globally due to an issue where the cabin electric water pump can fail, causing the vehicle to suddenly limit speeds to 16 to 32 kilometers per hour. This ‘limp mode’ is specifically triggered by a failure in the high-voltage battery management system. The system will […]
Tuesday Ticker: Fisker files for bankruptcy; Polestar chair steps down amid operational challenges
Toronto, Ontario — In this weekly Tuesday Ticker, electric vehicles continue to lose charge as Fisker officially files for bankruptcy and Polestar announces its chairman will be stepping down amidst operational challenges. Polestar pairings Polestar’s chairman, Håkan Samuelsson has announced plans to step down as part of a larger board shuffle within the company. Samuelsson, […]
Tuesday Ticker: Fisker delisted from NYSE; Port of Baltimore closures threaten parts supply
Toronto, Ontario — In this weekly Tuesday Ticker, Fisker is delisted from the New York Stock Exchange and makes some bold reactionary measures, including price cuts of up to 39 percent; plus, the Port of Baltimore closure following the Francis Key Scott Bridge closure threatens to wreak havoc on the parts supply chain. Fisker faces rough […]
Tuesday Ticker: Fisker pauses production, aims to raise US$150 million in funds; while Ont. Premier teases ‘banner year’ for auto industry
Toronto, Ontario — In this weekly economics report, Fisker announces its plan to pause EV production amid bankruptcy rumours and other financial decisions from the company, while Ontario Premier Doug Ford teases a “banner year” for the industry, thanks to jobs in the EV supply chain. Fisker’s finances Electric vehicle maker Fisker is pausing EV […]
Tuesday Ticker: Toyota tops; while Fisker falls and Mitsubishi makes new ground
Toronto, Ontario — This week, we look at the rise and fall of automakers and the economic market as Toyota posts a record global output for the first fiscal half; Fisker’s stock falls following the announcement of reduced prices; and Mitsubishi makes plans to expand its Parts and Distribution services. Going for growth On Monday, […]
Fisker Finds A Friend: Apple car collaboration could be incoming
Manhattan Beach, California — The manufacturing company that has been making your iPhone for over a decade is in line to make your car too. Foxconn, the world’s largest contract electronics manufacturer signed a deal with Fisker to begin making electronic vehicles in 2023. The exact location of the new U.S plant has yet to […]
