Fisker won’t be coming to the scheme

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    Topic
  • #269965
    MFillingham
    Participant

      At least it’s highly unlikely with their current troubles.

      According to Reuters the negotiations with a large auto manufacturer (Nissan) have failed.  Shares have been paused on the NY Stock Exchange after production was stopped a few weeks ago.

      It seems a decent design, an attempt at leading green credentials aren’t enough to be successful.

      It does make you wonder just how many start ups will be around in 20 years time.

      I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
      I'll try to give my honest opinion but am always open to learning.

      Mark

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    • #269967
      ScotT
      Spectator

        This is not news, it’s been known for quite sometime about the financial issues the company has been having, like most automotive startups, most fold within a few years.

         

        Also this won’t be the first time the owner has will have filled for bankruptcy if this one folds too, the last automotive company he owned also filed for bankruptcy.

        #269970
        wmcforum
        Which Mobility Car

          It’s news to me. Thank you Mark.

           

          #269977
          kezo
          Participant

            @ScotT

            What Mark is quoting is the latest news surrounding the company, thats barely 36hrs old. Therfore it is very relevant and not stagnant or old news!

            #269990
            ScotT
            Spectator

              @ScotT What Mark is quoting is the latest news surrounding the company, thats barely 36hrs old. Therfore it is very relevant and not stagnant or old news!

               

              Im sorry you feel you had to answer for him,

              But this might be a quote from one particular news outlet, but it’s not real news, as I said above, unfortunately it is well known. Then add in the chronic financial mismanagement of Mr Fisker its inevitable.

              I also don’t think they were in the running for the scheme, as they have no UK dealer infrastructure too, in order to meet Motability’s requirements

              Thank you.

              #269991
              MFillingham
              Participant

                This is not news, it’s been known for quite sometime about the financial issues the company has been having, like most automotive startups, most fold within a few years. Also this won’t be the first time the owner has will have filled for bankruptcy if this one folds too, the last automotive company he owned also filed for bankruptcy.

                You’re not entirely wrong.  Yes, there’s been trouble for a while but the latest hope was to get Nissan to buy in/them out and add some power to what is, essentially, a decent product.  Those talks fell through in the last few days and it has now moved from Fisker might end up in trouble to Fisker are definitely there.

                Yes the owner has a past record but if you look at most entrepreneurs you’ll find companies going under or being sold off before going broke.  Branson was quite well known for it in the 70s but has done ok for himself.

                 

                I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
                I'll try to give my honest opinion but am always open to learning.

                Mark

                #269997
                kezo
                Participant

                  Im sorry you feel you had to answer for him,

                  I answered for myself, as I have being following the Fisker fiasco. Yes they have been in trouble for a while but, within the last 36 hours the situation has turned from hope to bob hope now Nissan have turned them down causing Fisker to delist.

                  Then, there’s the important fact not everyone will have being following whats going on @Fiska, so will be relevant to them, if not you or me 🙂

                  #270001
                  ScotT
                  Spectator

                    It is a real shame about Fisker, they had some decently priced products that once all the software issues were resolved would have suited a lot of customers, especially on motability, however where one company fails another expands;

                    https://www.autocar.co.uk/car-news/new-cars/new-omoda-and-jaecoo-brands-plot-rapid-uk-expansion

                    I think the UK  automotive industry will look very different in the next 5 years until it settles, we are going to be flooded with cheaper Chinese products that will be very competitively priced to attract customers which is fine and of course good for competition, but if they don’t have the network or adequate parts supply, they will ultimately fail and of course ultimately the customer ownership experience will be not great, we are already seeing issues with BYD and the new Volvo EX30 has some serious parts supply issues.

                     

                    #270004
                    kezo
                    Participant

                      I wonder if Fisker will reduce the number of shares its shareholder have, into a smaller number of higher value shares (reverse stock split)?

                      I know Volvo have delayed EX30 deliveries earlier this year for the second time, due to software glitches but, wasn’t aware Volvo had parts supply issues with the EX30.

                      BYD are building factories to build cars in Europe and have parts warehouses in the Netherlands, Sweden and UK, so I guess any parts problems will soon be sorted.

                      I think alot of China and Korean EV’s look a damn sight better than many of the European feeble attempts.

                      FWIW I’d certainly be tempted with the BYD Seal if it joined the scheme.

                      #270038
                      ScotT
                      Spectator

                        Fisker have basically started a fire sale of their vehicles in the USA in order to try and avoid bankruptcy again Mr Fisker has slashed prices 50%

                         

                        https://www.autocar.co.uk/car-news/business-corporate/fisker-almost-halves-us-ocean-prices-urgent-fundraising-drive

                        #270041
                        kezo
                        Participant

                          Tesla will no doubt follow ?

                          #270042
                          MFillingham
                          Participant

                            Fisker have basically started a fire sale of their vehicles in the USA in order to try and avoid bankruptcy again Mr Fisker has slashed prices 50% https://www.autocar.co.uk/car-news/business-corporate/fisker-almost-halves-us-ocean-prices-urgent-fundraising-drive

                            I’m not sure who will take up an offer of 39% off a car with known software issues and potentially nobody to support it if the company goes under.  I know I wouldn’t.  If it were an established and fully functioning car, then the risk is significantly lower but there’s a very high risk of being left with an ornament and a very expensive one at that.

                             

                            Tesla will no doubt follow ?

                            ??

                            I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
                            I'll try to give my honest opinion but am always open to learning.

                            Mark

                            #270046
                            ScotT
                            Spectator

                              Fisker have basically started a fire sale of their vehicles in the USA in order to try and avoid bankruptcy again Mr Fisker has slashed prices 50% https://www.autocar.co.uk/car-news/business-corporate/fisker-almost-halves-us-ocean-prices-urgent-fundraising-drive

                              I’m not sure who will take up an offer of 39% off a car with known software issues and potentially nobody to support it if the company goes under. I know I wouldn’t. If it were an established and fully functioning car, then the risk is significantly lower but there’s a very high risk of being left with an ornament and a very expensive one at that.

                              Tesla will no doubt follow ?

                              ??

                               

                              I was thinking the same its not a purchase I would risk, but I guess that’s all they can do now to try and raise quick capital.

                               

                              Considering the vehicles have had very positive reviews, there is only one negative Auto Focus ( mainly software gripes) and there is a large stock of vehicles already built and other models in advance stage of development, its a shame no will give them a chance.

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