'No Further Production' Of Fisker Ocean Planned By Magna International

At a time when troubled electric vehicle startup Fisker is looking for a life raft to stay afloat in 2024, the company hired to build its Ocean crossover doesn't seem terribly optimistic about its prospects. Magna International, the contract auto manufacturer that builds the Fisker Ocean, doesn’t expect to build the electric crossover anymore this year.

However, it only managed to deliver about 200 units after the price drop through its six-strong US dealer network. The company also has 12 partner dealers in Europe. Fisker Ocean production timelapse Fisker cutting Ocean prices by as much as it did left owners who paid the original full price feeling cheated, seriously affecting the company’s image and credibility. The New York Stock Exchange even de-listed Fisker stock after its shares had reached an “abnormally low” price.

Source: News Formal (newsformal.com)

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