[Auro] Fisker Ocean Factory 'Assumes No Further Production' Will Take Place

[Sprinter]

The end could be near for Fisker. Actually, it may have already happened. In a first-quarter earnings call last week from Magna International, the company stated that Fisker Ocean production is still idled, and it "assumes no further production" will take place. It's not an official announcement from Fisker, and "assume" isn't a definitive stand from Magna. Still, it's pretty damming considering the current state of Fisker. Magna International is the company that builds the Ocean for Fisker. Production takes place through Magna Steyr, a subsidiary of the company at its manufacturing facility in Austria. Ocean production was idled back in early March for what was supposed to be a six-week pause. But that timeframe has come and gone.

Later in the call, Magna International Chief Financial Officer Pat McCann also mentioned the company assumes "no more production of the Fisker Ocean." We contacted Fisker regarding the current and future status of Ocean production. A spokesperson declined to comment. It's certainly no secret that Fisker is in trouble. Talks of partnering with an automaker to help the company's cash flow situation fell apart back in March. Fisker said it didn't have the funds to survive through the end of the year, and shortly thereafter it drastically slashed prices on 2023 Oceans. Most recently, the company was rumored to be in talks with more automakers for a possible partnership. However, the stock price has tanked and reports of nightmare Ocean ownership experiences are becoming more widespread. The Fisker death watch continues...

https://www.motor1.com/news/718614/fisker-ocean-factory-idled/