Fisker Recalls Ocean EV Just Days before Company Declares Bankruptcy

Fisker Recalls 6864 Ocean SUVs and Files for Chapter 11 Bankruptcy Protection

Fisker, the electric vehicle maker known for its sleek Ocean SUV, made headlines earlier this month when it issued a recall for all 6864 vehicles from the 2023 model year. The recall was prompted by a software issue in the Motor Control Unit (MCU) that could result in a loss of drive power.

Just days after the recall was announced, Fisker filed for Chapter 11 bankruptcy protection, making it the second electric vehicle manufacturer to do so in the past year, following Lordstown Motors. The company cited market and macroeconomic challenges as the reason for the filing, stating that selling off its assets under Chapter 11 was the most viable path forward.

Despite the bankruptcy filing, Fisker is committed to maintaining some operations, including paying employee wages and benefits, as it works to restructure its debt and sell off assets. The company’s only model in production, the Ocean SUV, will remain on sale as Fisker navigates this challenging period.

The recall of all 2023 Ocean SUVs was reported to the National Highway Traffic Safety Administration (NHTSA) on June 5, with documents showing that all vehicles are estimated to have defective MCU and VCU software. Fisker plans to address the issue with an over-the-air update to both the MCU and VCU, ensuring that affected vehicles can be fixed remotely.

This latest development adds another layer of uncertainty to Fisker’s future, as the company grapples with financial difficulties and works to find a path forward in the competitive electric vehicle market.

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