Friday, March 1, 2024

Fisker Cut 15 Percent, Pauses Work On New Models

In a ominous sign for Los Angeles-based electric vehicle (EV) maker Fisker Automotive has cut 15 percent of its staff--200 people--and will pause new work on its new EV models, as a result of a shift to a new "Dealer Partner" model. Fisker announced the cuts as part of its quarterly results--and also said it is in "negotiations with" an un-named large automaker that might include an investment in Fisker, joint development of one or more electric vehicle platforms, and North American manufacturing. The pause and cuts come as Fisker produced 10,193 Oceans, but only delivered 4,929 vehicles.

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