Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Okay, okay — remember last week when I suggested Tesla was being a bit extra in its bid to convince shareholders to vote in favor of relocating […]
Tesla shareholder sweepstakes and EV layoffs hit Lucid and Fisker Read More »
Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers suspected layoffs were coming when the company directed everyone to work from home on Wednesday — an out-of-character directive, according to multiple current and former
Fisker cuts hundreds of workers in bid to keep EV startup alive Read More »
Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look, I know this is our startups weekly newsletter, and as the most valuable company in the world, Apple is kind of the ultimate “not a
Startups Weekly: Trouble in EV land and Peloton is circling the drain Read More »
The U.S. National Highway Traffic Safety Administration has opened a fourth investigation into the Fisker Ocean SUV, this time to probe multiple claims of “inadvertent Automatic Emergency Braking.” The agency’s Office of Defects Investigation (ODI) said it has received eight complaints about these braking incidents, three of which have reported injuries. The ODI has already
Fisker Ocean faces fourth federal safety probe Read More »
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch. Founder and CEO Henrik Fisker told employees Monday morning in the email that the company is “continuing to evaluate
Fisker starts new round of layoffs to ‘preserve cash’ Read More »
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory
Fisker plans more layoffs as cash dwindles and bankruptcy looms Read More »
