Fisker is in trouble. While we've heard that some other automakers may be interested in giving the EV startup a lifeline, the California headquarters has closed in the meantime and contract manufacturer Magna says it's not planning to make any more Ocean SUVs. And for Magna, that also means job cuts. Welcome back to Critical Materials, your daily roundup for all things EV and automotive tech.
Magna expects to take a $400 million hit for 2024 revenue now that Fisker may be circling the drain. But it's not just Fisker to blame this time. Although Magna has officially pressed pause on the production of the Fisker Ocean, it isn't the only vehicle that will end its product lifecycle this year. Magna also builds the BMW 5-Series, Jaguar E-Pace, and Jaguar I-Pace—all of which will end their product lifecycles at the end of this model year.
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'No Further Production' Of Fisker Ocean Planned By Magna InternationalMagna is the company contracted to build the Fisker Ocean and it announced that it “assumes no further production” this year.
Source: InsideEVs - 🏆 579. / 51 Read more »
The Fisker Ocean Actually Excelled In This Long-Distance Range TestThe Fisker Ocean model might not be lucky enough to survive on the market, but the car positively surprised in a long-distance test.
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Fisker Ocean Totaled Because Body Shops Couldn't Find Parts To Fix Tiny Door DingAn insurance company has totaled someone's Fisker Ocean following a door ding with a $910 estimate due to parts availability.
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Fisker could be near end as Ocean maker stops making them | Car NewsEV maker Fisker appears to be nearing the end of its road, as the Magna Group, which makes its Ocean SUV, says it’s ending production of the electric SUV.
Source: auto123 - 🏆 566. / 51 Read more »
Fisker Ocean Extreme Gets Close To 300 Miles In Video Range TestThe Fisker Ocean Extreme was the latest EV range tested by Bjørn Nyland in Norway. At 56 mph, the range was estimated at 283 miles.
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Fisker Ocean Totaled After Tiny Door Ding Souring EV DreamThe damage adjuster initially said it would cost $910 to fix the Ocean but admitted that it could actually end up costing far more
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