Saturday, April 13, 2024

The car brand Fisker halts its entire production

Fisker Inc., which is headed by Danish Henrik Fisker, says in a press release that it has secured a billion-dollar investment.

Fisker Inc. may not be saved at the finish line, but the brand nevertheless claims to have secured a significant investment of 150 million dollars, which corresponds to 1 billion Danish kroner.

This appears from a press release that the brand itself has sent out.

According to industry analyst René Tonder, as quoted by Motor magazine, it is an existing investor who is throwing money into the brand.

However, this only happens to keep the project alive until the 'major car manufacturer', as Fisker himself has previously referred to, is ready to take over, at least financially.

READ ALSO: Germany bans popular car tires from October

Reuters news agency cites sources 'close to the car brand' who believe they know the so far unnamed but 'major' carmaker is Nissan. The Japanese were reportedly interested in the license for the upcoming pickup truck, the Fisker Alaska.

However, René Tonder does not see the announcement from Fisker as positive news, especially when you consider that the brand has only delivered 1,300 cars this year.

Just 14 days ago, when Fisker handed over the accounts, it appeared that the brand still believed that it could deliver 20,000 to 22,000 cars this year. However, that goal seems to have long prospects.

And now production must be brought to a standstill. In the next six weeks, not a single new Fisker Ocean, which is the brand's only car to date, will be built.

Shortly before the new press release, Fisker also said that they are parking the development of the cheaper and smaller SUV, Pear, in order to concentrate on the liquidity in the company. Or rather the lack thereof.

READ ALSO: Fisker improves on going bankrupt

The new investment from an unnamed, but well-known investor to Fisker, will not be released immediately either.

It comes in four installments under certain conditions, for which the car brand does not, however, make any concessions. In other words, Fisker is still threatened with existence.

Today's news has not caused Fisker's share price to rise either. Per piece, the stock is still dangerously low. In fact, it is only worth 16 US cents, which corresponds to 1.1 Danish kroner.

Read more news about Fisker Inc. right here!

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