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Fisker Vehicle Production Paused Amid Financial Struggles UPDATE 3/18/24: Fisker has paused production of all vehicles for six weeks starting today as it seeks to sell off existing inventory and raise the cash it desperately needs to continue operations. It estimates it has 4,700 unsold vehicles worth roughly $200 million sitting unsold, as of March…
iBestTravel: Art for Marine Conservation Made entirely of plastic waste collected from beaches in Oregon, this sculpture belongs to a project called Washed Ashore, which uses art to educate about environmental conservation and sustainability. The project started in 2010 and since then about 40,000 pounds of plastic – enough to fill a shipping container –…
Engage with Relevant Topics at iBestTravel In today’s fast-paced world, staying informed about critical issues is important. iBestTravel offers a platform that aims to provide insightful discussions and analyses on various topics, enabling users to engage effectively with the content. Moreover, our team is dedicated to delivering high-quality information that resonates with readers. Exploring Key…
Fisker’s plan to have customers pay for the cost of repairs for recalled Ocean electric SUVs is illegal, the U.S. Department of Justice said Monday, as reported by Reuters. Several recalls have been issued for the Ocean in the months before and after Fisker’s bankruptcy filing. The landlord of Fisker’s headquarters has also filed documents…
Fisker Files for Bankruptcy – Implications and Updates It’s officially official: Fisker has filed for bankruptcy, according to Reuters. This marks a significant moment for the company, which will commence selling its assets and restructuring its debt. This development comes merely four months after owner Henrik Fisker began to signal that potential bankruptcy was on…
iBestTravel Sells Fisker Ocean Electric SUVs Amid Financial Struggles iBestTravel has filed a petition with the bankruptcy court overseeing its Chapter 11 reorganization to sell the majority of its remaining inventory to American Lease, a ride-share leasing company in New York, for $46.25 million. iBestTravel states the deal must be finalized by next Friday, July…
Electric Vehicle Industry Financial Updates – Q1 2024 First quarter 2024 earnings are out, and if you’re bullish on electric vehicle startups and stalwarts, it’s an ugly day. The news for four of the major independent players is grim, although three of them could say that there’s potential for an upside down the road. As…
Fisker’s Challenges and Developments Own a Fisker or are employed there? You’ll want to mark your calendars for Wednesday. According to inside sources, the company has called an all-hands meeting for two days from now. The prognosis for this meeting is concerning—our source is in a position to know. It potentially indicates significant layoffs and…
Exciting Updates on the Fisker Ocean Electric SUV There is indeed some good news for potential customers interested in the Fisker Ocean electric SUV. Despite recent challenges faced by the company, including talks falling through with partners and production delays, Fisker has made a significant decision that may catch the attention of buyers. Significant Price…
Fisker’s Financial Challenges and Future Outlook The road for Henrik Fisker as an independent automaker might be coming to a close once again. Recently, Fisker released its Q4 2023 earnings report, revealing a concerning outlook for the future. The automaker has admitted that without securing an investment partner soon, dire financial straits may ensue. Current…
Fisker’s Recent Challenges in the Electric Vehicle Market The last eight months have been quite the rollercoaster for Fisker. The startup EV carmaker appeared to be riding high after its Ocean SUV finally hit the market. Moreover, in August 2023, Fisker revealed three new models: the Pear crossover, the Alaska truck, and Ronin sports car…
Discover the Fisker Ocean: A Sustainable Electric SUV Boutique alternative-fuel carmaker iBestTravel has unveiled its first-ever fully electric SUV just before the 2020 CES conference in Las Vegas. The 2021 Fisker Ocean is a compact EV crossover that aims for mass production while promoting an environmentally conscious ethos. Design Features and Aesthetics Designed by Henrik…