Fisker stops production, warns it may need to seek bankruptcy
Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.
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New Volvo tech tells you there’s been a crash ahead
Volvo is rolling out new technology that will tell you if there is an accident ahead, enabling you to avoid the area or respond accordingly.
2024 KTM RC 8C Launched Abroad; KTM Cup Returns For A 2nd Season!
KTM has taken the wraps off the 2024 KTM RC 8C and the Austrian manufacturer claims that it gets Moto2 levels of performance! The track-only race bike is limited to only 100 units and gets a sticker price of Euros 42,000 (about Rs 38 lakh). Pre-orders are available for interested customers from Europe, USA, Mexico, Canada and South Africa.
End of petrol and diesel-powered Jaguar cars months away
The final Jaguars with petrol and diesel power are due to roll off the production line as soon as June 2024, before a range of new, more expensive electric cars arrives next year.
Nissan Might Throw Fisker $400M Lifeline to Get an Electric Truck
Fisker is in a tough spot at the moment. Henrik Fisker's new upstart electric vehicle company is struggling to sell its Ocean SUV, its stock price dropped to an all-time low of just 38 cents per share on Friday, and it announced on Thursday that it would have to cut 15% of its workforce. Due to its struggles, the company announced that investment into all new projects would be paused until it can find a manufacturing partner. Thankfully for Fisker, it may have already found that partner—Nissan.
Ferrari stolen from F1 driver Gerhard Berger is recovered after nearly 30 years
LONDON — A very fast car has made a very slow return.
Nissan could invest USD 400 million in ailing Fisker brand
Luxury EV brand Fisker is in financial trouble and Nissan is reportedly in talks to invest USD 400 million (about Rs 3,315 crore) in the company. Fisker recently announced that it has paused the development of its affordable compact EV, the Pear, having made a loss of USD 463.6 million (about Rs 3,840 crore) during the fourth quarter of 2023.
Nissan could get electric ute with rescue of ailing US start-up – report
Japanese car giant Nissan is considering a $US400 million ($AU610 million) investment to save US electric-vehicle start-up Fisker from bankruptcy and score itself its first electric ute, overseas reports claim.