Fisker cuts prices by 40% to avoid bankruptcy

Car manufacturer Fisker is trying its best to avoid bankruptcy. The company is reducing the price of its electric SUV Ocean SUV by almost 40 percent.

This appears to be from an internal email from the news agency Bloomberg hello

It is said that the price reduction will be applied to all three types of Sea offered. The most expensive model, the Extreme, will cost $24,000 less, which means a 39 percent discount to a price of $37,499.

The Sport, the cheapest model, will be $14,000 (minus 36 percent) cheaper and now costs less than $25,000, which is more than 23,000 euros. Fisker also cuts $18,000 off the price of the Ultra, which now costs $34,999 (minus 34 percent)

It is not yet clear whether the discount will also apply to the Netherlands. The price cut has not yet been implemented on Fisker’s website.

Fisker has been hinting at bankruptcy for some time

Fisker has been struggling with problems for some time. The production, which is based in Austria’s Magna, is experiencing teething problems. These manifest themselves, among other things, in problems with the software and vehicles provided. In addition, the car manufacturer cannot deliver the cars to the customer.

So Fisker recently changed to a dealer model that involves collaboration with existing dealer networks in various countries.

In addition, Fisker was in discussions with a large car manufacturer for an investment of millions and maybe even an acquisition. Unfortunately for Fisker, these negotiations fell through, after that tips began to indicate that bankruptcy was coming.

Fisker’s stock price fell so much that trading in the company’s stock was suspended.

Meanwhile, Ocean production has stopped and Fisker has missed the first loan interest payment. According to analysts not if Fisker will fail, but when this will happen.

If Fisker also implements price cuts in the Netherlands, the Ocean could be a good business. Consider the prices for the Sport of around 28,000 euros (currently 43,990 euros), for the Ultra around 39,000 euros (currently 58,990 euros) and for the Extreme around 39,000 euros (currently 63,590 euros). But it is an electric car that may not be of any use to you if it has problems. And those problems seem to be released.