* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Get Ready: Netflix House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Get Ready: Netflix House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Fisker Ocean reservation cancellations top 40,000 as the EV company tries to fight off bankruptcy, leaked data shows

March 29, 2024
in Business
Fisker Ocean reservation cancellations top 40,000 as the EV company tries to fight off bankruptcy, leaked data shows
Share on FacebookShare on Twitter

Tens of thousands of Fisker customers have canceled their vehicle reservations, according to leaked data obtained by Business Insider, as the electric car company scrambles to find additional financing and a potential bankruptcy filing looms over its operations.

More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date, according to internal company metrics viewed by Business Insider. The company first began accepting pre-orders in November 2019, and announced in February 2023 that it had “approximately 65,000” reservations ahead of its first deliveries.

Fisker was averaging around 70 to 80 cancellations per day in a recent seven-day average, according to the internal metrics viewed by BI.

The reservation cancellations pose an issue for the company, representing potential sales slipping away during a time when the company desperately needs to generate more revenue.

The cancellations also represent a drag on company costs. While it costs $250 to reserve a Fisker, that amount is refundable aside from a $25 processing fee, the company’s website says. Individuals who reserve more than one of the company’s EVs are entitled to a $100 refund if they cancel, according to Fisker’s reservation terms online. The company said a reservation “will hold your approximate spot in our order queue to purchase your Fisker EV.”

It’s not clear how many reservation cancellations Fisker has already reimbursed in the years since November 2019, when it began accepting reservations, but the total cost to date of around 40,000 reservation reimbursements would be in the ballpark of $9 million.

The company also has a few thousand order cancellations, according to the data viewed by BI, which are different than reservations and not fully refundable. The company says on its website it will keep the $5,000 order deposit, as well as the transportation fee if a cancellation is made after the company has started the process of transporting the vehicle to the customer.

Fisker has delivered more than 6,000 of the vehicles to date since the automaker released the Fisker Ocean SUV in June 2023, according to the metrics viewed by BI.

Fisker confirmed the deliveries but declined to comment on cancellations of reservations or orders.

The automaker dropped prices for its flagship EV by 39% on Wednesday in an apparent attempt to boost sales — meaning the most affordable version of the SUV is now selling for about $25,000.

During Fisker’s earnings last earnings call in February, it warned that the company might not have enough funds to survive 2024.

The company said in a regulatory filing earlier this month it had paused production of its electric car for six weeks and it had around $121 million in the bank as of March 15. On March 18, the company said it had secured a commitment for up to $150 million in additional financing from an existing investor. On March 22, Fisker said in a regulatory filing that negotiations with a major automaker had failed and that Fisker was continuing to evaluate strategic alternatives.

The end of negotiations with the major automaker meant that Fisker was unable to meet a closing condition with the existing investor for the up to $150 million of financing previously announced, which meant that the funds were no longer guaranteed, the company said in the regulatory filing. Fisker said in the filing it planned to try to negotiate a waiver to that closing condition or a financing deal with the investor under different terms.

The company is Henrik Fisker’s second automotive startup. The Fisker CEO and Danish car designer’s previous startup, Fisker Automotive, filed for bankruptcy protection in 2013. Fisker launched his second automotive company in 2016.

Do you work for Fisker or own one of their EVs? Reach out to the reporter through a non-work email or device at [email protected] or via Signal at 248-894-6012

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Business Insider – https://www.businessinsider.com/fisker-ocean-reservation-cancellations-electric-car-leaked-data-2024-3

Tags: businessFiskerOcean
Previous Post

Tinubu Appoints Usman Bello as New Head of Code of Conduct Bureau

Next Post

Thousands of student-loan borrowers got their debt wiped through a new repayment reform. 11 GOP states just filed a lawsuit to block that relief.

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

August 29, 2025
‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

Get Ready: Netflix House Entertainment Complexes Are Opening Soon!

August 29, 2025
CDC director’s firing prompts health concerns : The News4 Rundown – NBC4 Washington

Firing of CDC Director Sparks Widespread Health Concerns

August 29, 2025
What’s Behind the Political Instability in Thailand – The New York Times

Unraveling the Root Causes of Political Instability in Thailand

August 29, 2025
Drayton Harbor’s bacteria problem – Washington State Department of Ecology (.gov)

Battling the Bacteria Crisis in Drayton Harbor: Essential Facts You Can’t Miss

August 29, 2025
Entomologists, Fellow Scientists Report Negative Impacts of Government Actions – Entomology Today

Entomologists and Scientists Reveal Alarming Consequences of Recent Government Actions

August 28, 2025
Scientists Reveal What’s Inside Mars: It’s Chunky, With a History of Violence – ScienceAlert

Scientists Reveal Mars’ Chunky Interior and Turbulent History

August 28, 2025
These simple life changes can prevent diabetes and dementia – Earth.com

Easy Lifestyle Changes to Lower Your Risk of Diabetes and Dementia

August 28, 2025
Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

August 28, 2025
Sports Betting Market Forecast and Company Analysis Report 2025-2033 Featuring 888, Bet365, Bet-at-Home, Betfred, Betsson, DraftKings, Entain, Flutter, International Game Technology, Kindred Group – Yahoo Finance

Sports Betting Market Outlook 2025-2033: In-Depth Analysis of Leading Industry Players

August 28, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (795)
  • Economy (815)
  • Entertainment (21,694)
  • General (16,733)
  • Health (9,856)
  • Lifestyle (828)
  • News (22,149)
  • People (815)
  • Politics (822)
  • Science (16,024)
  • Sports (21,313)
  • Technology (15,795)
  • World (797)

Recent News

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

August 29, 2025
‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

Get Ready: Netflix House Entertainment Complexes Are Opening Soon!

August 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version