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Fisker Inc. (NYSE: FSR) drives innovation in sustainable transportation through cutting-edge electric vehicles and mobility solutions. This dedicated news hub provides investors and industry observers with essential updates directly from corporate communications and verified sources.
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Fisker Inc. (NYSE: FSR) has announced the redemption of all outstanding Public Warrants for its Class A common stock at a price of $0.01 per warrant. This redemption is contingent upon the stock price being at least $18.00 for 20 trading days before the notice. The company is opting for a cashless exercise to limit dilution, allowing holders to exchange warrants for shares without a cash outlay. As of March 18, 2021, approximately 7.7 million warrants were exercised, generating $89 million in cash. This move aims to streamline Fisker’s capital structure and enhance shareholder value.
Fisker Inc. (NYSE: FSR) has partnered with the Motor Press Guild (MPG) to establish the annual Fisker-MPG Scholarship for Journalism, offering $1,500 to a college student pursuing journalism. Fisker CEO, Henrik Fisker, announced this initiative during an MPG Virtual Media Day. The scholarship aims to support future journalists in their pursuit of automotive industry coverage, especially in challenging journalism times. Further details regarding application deadlines will be available soon on MotorPressGuild.org.
Fisker Inc. (NYSE: FSR) has surpassed 14,000 reservations for its Fisker Ocean SUV, driven by global fleet market interest. The company signed its first major fleet order of 300 vehicles with Viggo, a Danish ride-hailing service, in Q4 last year. Over 100 leading companies are committed to transitioning to electric vehicles by 2030, representing five million vehicles. Fisker is set to begin production of the Ocean in Q4 2022 and is collaborating with Foxconn on 'Project PEAR', aiming to deliver a breakthrough electric vehicle priced under $30,000.
Fisker (NYSE: FSR) has signed a Memorandum of Understanding with Foxconn to develop a new electric vehicle under the project 'PEAR'. This collaboration aims to manufacture over 250,000 units annually, targeting markets in North America, Europe, China, and India. Production is expected to begin in Q4 2023, marking Fisker's second vehicle launch following the Ocean SUV, which is set for release in Q4 2022. The partnership aims to streamline development, reducing the vehicle production timeline by half, from R&D to market launch.
Fisker Inc. (NYSE: FSR) is set to report its fourth quarter and full year 2020 financial results post-market on February 25. The announcement will be followed by a conference call featuring key executives, including Henrik Fisker, Geeta Gupta-Fisker, and Burkhard Huhnke, at 2 p.m. PST. Investors can access the call via the Investor Relations page. The company is focused on eco-friendly electric vehicles and aims to be a leader in the e-mobility sector.
Fisker Inc. (NYSE: FSR) announced that CEO Henrik Fisker will participate in the Goldman Sachs Technology and Internet Conference. The event will be held on February 11, 2021, from 3:40 p.m. ET to 4:20 p.m. ET, and will feature a 'Fireside Chat' format. This participation highlights Fisker's focus on revolutionizing the automotive industry with eco-friendly electric vehicles and advanced mobility solutions. For more information on the event, please register here.
Fisker Inc. (NYSE: FSR) has announced a partnership with Magna for the joint development of FI-Pilot technology, which will first be utilized in the Fisker Ocean SUV, slated for launch in Q4 2022. This collaboration aims to create a scalable domain controller architecture featuring multi-functional autonomous systems, over-the-air updates, and advanced sensor technologies for enhanced driver assistance. The Fisker Ocean will be manufactured exclusively by Magna in Europe, and initial deliveries are expected to commence in the U.S. and select European markets in Q4 2022.
Fisker Inc. (NYSE: FSR) has announced definitive agreements with Magna International Inc. for operational phase platform-sharing and manufacturing of the Fisker Ocean. This agreement finalizes aspects from an earlier framework deal signed on October 15, 2020. The Fisker Ocean is set for exclusive manufacturing by Magna in Europe, with over 10,400 global paid reservations recorded so far. Production is projected to start in Q4 2022, featuring a competitive price below $40,000 and options for an Ultra Long Range battery with over 350 miles of range.
Fisker Inc. (NYSE: FSR) has secured agreements with Cox Automotive U.K. and Rivus Fleet Solutions to deliver after-sales services in the U.K. market. These partnerships align with Fisker's asset-light model, offering solutions in vehicle delivery, service, maintenance, and fleet management. Following governmental support for electric vehicles, Fisker aims to leverage these collaborations for growth. The launch of the Fisker Ocean SUV is projected for Q4 2022, with plans to establish consumer experience centers in key cities. This positions Fisker favorably in a rapidly evolving electric vehicle market.
Fisker Inc. (NYSE: FSR) announced that its CEO, Henrik Fisker, will participate in a virtual 'Fireside Chat' at the Credit Suisse Eighth Annual Industrials Conference on December 2, 2020, from 1:10 p.m. ET to 1:40 p.m. ET. The event will be webcasted, allowing interested parties to register and access it online. Fisker is focused on developing eco-friendly electric vehicles and aims to become the leading e-mobility service provider. For more details, visit www.FiskerInc.com.
