Fisker may be on the brink of bankruptcy and needs a dramatic turnaround to survive
A Fisker dealer in Indianapolis recently started customer deliveries of the Ocean SUV. Fisker reported a $463 million loss in the fourth quarter of 2023. The company sold a touch over 4,900 Oceans worldwide last year. Fisker will be completely delisted from the New York Stock Exchange on April 22 and while the electric car manufacturer appears to be on the brink of collapse, some dealers remain hopeful about the company’s future.
As of now, we're still moving cars, he said. Time will tell what happens. I love the car, it's very solid and very well-built. We just hope for the best. Fisker’s fourth-quarter earnings report from late February revealed there is “substantial doubt about its ability to continue as a going concern,” following a $463 million loss. The firm delivered 4,929 Oceans last year and claimed that contract manufacturer Magna Steyr produced approximately 10,000 units in 2023.
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