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Fisker Ocean SUVTechCrunch
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72% Informative
Fisker 's Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some.
Issues include brake problems, sudden power loss and doors that wouldn’t open at high speeds.
The automaker cut production targets multiple times, failed to meet sales goals and laid off staff.
All of this and more forced the startup to file for Chapter 11 bankruptcy protection.
Fisker lost track of millions of dollars in customer payments as it scaled up deliveries.
Internal audit led to internal audit that took months to complete.
Hundreds more employees were laid off during the final week of May in bid to stay alive.
NHTSA opened a fourth investigation into the Fiskers Ocean SUV to probe multiple claims of “inadvertent Automatic Emergency Braking”.
Henrik Fisker and Geeta Gupta-Fisker lower their salaries to $ 1 in order to keep bankruptcy funded.
The U.S. Securities and Exchange Commission opens an investigation into the failed EV startup.
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