Fisker Inc.

Fisker Announces Reduced MSRP in U.S. on Many 2023 Model Year Vehicles

Retrieved on: 
Wednesday, March 27, 2024
Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Automotive, Fisker Inc., OTA, MSRP, Inc., SUV, WLTP, Software, Ultra, EPA, Multimedia, All, Government, Rare-earth element

View the full release here: https://www.businesswire.com/news/home/20240327863907/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240327863907/en/
    Fisker Announces Discounts in U.S. on Many 2023 Model Year Vehicles.
  • (Photo by Fisker Inc.)
    In addition, The 2023 Ultra trim will be priced at $34,999 MSRP, reduced from the current $52,999; and the 2023 Sport will be priced at $24,999 MSRP, reduced from the current $38,999.1
    All reduced-MSRP Fisker Ocean trims are 2023 models, with Fisker’s latest 2024 Ocean OS software version 2.0 installed.
  • MSRP reductions on 2023 model year vehicles will go into effect Friday, March 29, 2024.
  • Offer limited to 2023 model year vehicles currently in stock and is available from March 29, 2024 until all 2023 model year inventory is sold.

NYSE to Commence Delisting Proceedings Against Fisker Inc. (FSR)

Retrieved on: 
Monday, March 25, 2024
Professional Services, Finance, Fisker Inc., Exchange, Committee, FSR, Security (finance), New York Stock Exchange

The New York Stock Exchange (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Fisker Inc. (the “Company”) — ticker symbol FSR — from the NYSE.

Key Points: 
  • The New York Stock Exchange (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Fisker Inc. (the “Company”) — ticker symbol FSR — from the NYSE.
  • Trading in the Company’s Class A common stock will be suspended immediately.
  • NYSE Regulation has determined that the Company’s Class A common stock is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Fisker Ocean Wins iF DESIGN AWARD 2024 for Best Electric SUV

Retrieved on: 
Thursday, March 21, 2024
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Sustainability, Green Technology, Fisker Inc., Inc., SUV, Electricity, Fisker Ocean, Form, WLTP, Function, EPA, If, Multimedia

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announces that the Fisker Ocean all-electric SUV has won the iF DESIGN AWARD 2024 for “Best Electric Vehicle: SUV”, securing the highest accolade in the Automobiles category.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announces that the Fisker Ocean all-electric SUV has won the iF DESIGN AWARD 2024 for “Best Electric Vehicle: SUV”, securing the highest accolade in the Automobiles category.
  • View the full release here: https://www.businesswire.com/news/home/20240321324265/en/
    FISKER OCEAN WINS PRESTIGIOUS iF DESIGN AWARD 2024 FOR BEST ELECTRIC SUV.
  • The iF DESIGN AWARD – renowned internationally as a coveted seal of quality – is awarded annually by iF International Forum Design GmbH, the world’s oldest independent design organization.
  • In the final judging round, the Fisker Ocean topped the Electric Vehicle: SUV category for its overall design idea, form, function, and impact.

Fisker Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update

Retrieved on: 
Monday, March 18, 2024
Commercial Building & Real Estate, Construction & Property, Natural Resources, Environment, Other Manufacturing, EV, Electric Vehicles, Engineering, Chemicals, Plastics, Automotive Manufacturing, Manufacturing, Mobile, Wireless, Telecommunications, Other Philanthropy, Other Energy, Software, Utilities, Internet, Alternative Energy, Hardware, Automotive, Energy, Technology, Sustainability, Philanthropy, General Automotive, Mining, Minerals, EVS, Inc., Fisker Inc., Automotive News, Toyota, NRV, News

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced a financing commitment from an existing investor providing up to $150 million of gross proceeds.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced a financing commitment from an existing investor providing up to $150 million of gross proceeds.
  • The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be organized in four tranches.
  • Fisker has produced approximately 1,000 vehicles in 2024 through March 15, and has delivered approximately 1,300 globally in that same timeframe.
  • Fisker will pause production for six weeks starting the week of March 18, 2024, to align inventory levels and progress strategic and financing initiatives.

Saydulu Kolasani Joins Fisker as Senior Vice President, Enterprise, Digital Operations and Transformation

Retrieved on: 
Wednesday, March 6, 2024
Software, Vehicle Technology, EV, Electric Vehicles, Sustainability, Alternative Vehicles, Fuels, General Automotive, Technology, Automotive, Environment, Security, Automotive Manufacturing, Other Automotive, Manufacturing, Nu Skin Enterprises, Skin, Architecture, Multimedia, Fisker Inc., Fisker Ocean, SVP, T-Mobile, Growth, Product management, Ingram Micro, Information, Acharya Nagarjuna University, Information technology, Transformation, Organization, EPA, PMO, Inc., Project management office, SUV, Retail

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that Saydulu Kolasani has joined Fisker as SVP, Enterprise, Digital Operations and Transformation.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that Saydulu Kolasani has joined Fisker as SVP, Enterprise, Digital Operations and Transformation.
  • View the full release here: https://www.businesswire.com/news/home/20240306524246/en/
    Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that Saydulu Kolasani has joined Fisker as SVP, Enterprise, Digital Operations and Transformation.
  • Kolasani will oversee Fisker’s technology infrastructure, cybersecurity, digital platforms, enterprise systems, architecture, data, and operations, including Product Management, Program Management Office (PMO), and enterprise digital and technology strategy.
  • As SVP, Enterprise, Digital Operations and Transformation at Fisker, Saydulu intends to focus his expertise on optimizing operations, building highly scalable platforms, enhancing customer experiences, and driving revenue growth.

Fisker Inc. Announces Preliminary Q4 and Full Year 2023 Results*

Retrieved on: 
Thursday, February 29, 2024
Vehicle Technology, Automotive, General Automotive, EV, Electric Vehicles, Alternative Energy, Energy, Alternative Vehicles, Fuels, ASPS, Research, OEM, Multimedia, Fisker Inc., Annual report, Fisker Ocean, SUV, SG&A, Sale, Public expenditure, OTA, MSRP, Workforce, Inc., Bank statement, DTC, Partnership

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • As a result, we pivoted to a new Dealer Partner model at the end of 2023 and announced this strategic shift in early January 2024.
  • We still must prove that this model works, as it goes against the approach taken by other independent EV start-ups.
  • Fisker is projecting the total of these items to be within a range of $320 million to $390 million1.

Fisker Signs Additional US Dealer Partners in New York State, Florida, and Indiana

Retrieved on: 
Wednesday, February 28, 2024
Automotive, Other Automotive, Automotive Manufacturing, General Automotive, EV, Electric Vehicles, Manufacturing, Off-Road Trucks & SUVs, Karma, Multimedia, Fisker Inc., Fisker Ocean, SUV, EPA, Inc.

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today it has signed two new dealer partners in the US.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today it has signed two new dealer partners in the US.
  • Dealers joining the Dealer Partnership program are Bul Auto Sales, which plans to open Fisker Albany in New York state and Fisker Jacksonville in Florida; and Karma Indy, which intends to open Fisker Indianapolis in Indiana.
  • (Photo: Fisker Inc.)
    Dealers joining the Dealer Partnership program are Bul Auto Sales, which plans to open Fisker Albany in New York state and Fisker Jacksonville in Florida; and Karma Indy, which intends to open Fisker Indianapolis in Indiana.
  • The transition to dealer partners aligns with Fisker’s asset light business model, which enables the company to significantly scale for Fisker Ocean deliveries and higher volume production of additional future models.

Fisker Announces Timing of Fourth Quarter and Full Year 2023 Results and Webcast

Retrieved on: 
Thursday, February 22, 2024
Automotive, General Automotive, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Alternative Vehicles, Fuels, Say, Fisker, Event, Q&A, Inc., Webcast, Fisker Inc., Online shopping

Fisker Inc. (NYSE: FSR) ("Fisker") – driven by a mission to create the world’s most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024.

Key Points: 
  • Fisker Inc. (NYSE: FSR) ("Fisker") – driven by a mission to create the world’s most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024.
  • Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; David King, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, Chief Financial Officer of Fisker Inc.
  • The conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker’s Investor Relations website: https://investors.fiskerinc.com /.
  • In addition, Fisker will once again provide shareholders the ability to submit and upvote questions to management through a shareholder Q&A platform.

Fisker Receives Continued Listing Standard Notice From NYSE

Retrieved on: 
Friday, February 16, 2024
Hardware, Automotive Manufacturing, Alternative Energy, Energy, Manufacturing, Alternative Vehicles, Fuels, Technology, Other Automotive, EV, Electric Vehicles, Performance & Special Interest, General Automotive, Automotive, Software, Other Energy, Internet, Mobile, Wireless, Calendar, Inc., Fisker Inc., Notice, Lease

The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

Key Points: 
  • The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.
  • In accordance with applicable NYSE rules, the Company intends to notify the NYSE within 10 business days of its intent to regain compliance with Rule 802.01C and return to compliance with the applicable NYSE continued listing standards.
  • The NYSE notice has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE during such cure period, subject to the Company’s compliance with other NYSE continued listing standards.
  • Furthermore, the Notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission.

Fisker Signs New Dealer Partners in US as Strategic Business Shift Continues

Retrieved on: 
Friday, February 16, 2024
Automotive, Automotive Manufacturing, General Automotive, EV, Electric Vehicles, Manufacturing, Off-Road Trucks & SUVs, Alternative Vehicles, Fuels, Multimedia, Fisker Inc., Principal, SUV, EPA, NADA, Inc.

(Photo: Fisker Inc.)

Key Points: 
  • (Photo: Fisker Inc.)
    Dealers joining the Dealer Partnership program are the Mills Automotive Group, Ourisman Fisker, Classic Fisker, and Long Island Fisker.
  • Ourisman Fisker and Classic Fisker both signed at the National Automobile Dealers Association Show in Las Vegas earlier this month, and Long Island Fisker signed this week.
  • On January 4, 2024, Fisker announced that it would engage in a strategic shift from direct sales to customers in North America to an innovative Dealer Partnership model .
  • Fisker has received interest from over 250 dealers in North America and the rest of the world since announcing its strategic shift.