Recently, the bankruptcy petition has been filed by Fisker according to Reuters. Officially, they are soon planning to sell their assets and restructure debt. There are different rumors and uncertainties about the automaker about the company. The Fisker Ocean EV was considered the best electric SUV available on the market. The car company is not dead yet but sooner or later it is inevitable.
The real situation in the Fisker company
According to the different sources the company has finally made up its mind to start selling its assets and the production of the car has been halted. Various rumors of an injection of $350 by OEM to keep the company in the market have gained the attention of people but it’s not yet confirmed. It was said that Nissan Motors was the company in talks but sadly rumours have been denied officially by the Japanese automakers. The shares of the company have been already delisted from the NewYork Stock Exchange(NYSE) in April. Before the stock was delisted the value of shares plunged by 28 percent of value and ditch funding was not happening. Read More>>>>>>>
Will your Fisker Ocean SUV work?
There are lots of uncertainties in the air but it should work. The company is still performing and there is nothing to do with the financial situation of the company on working the car. The servers of the car are still live and will perform until the company is alive. Features like navigation and roadside assistance may be handled by a third-party company. Fisker also announced that road assistance has been cut off due to non-payment to those third-party companies.
Can this car be still fixed or serviced?
Any company should supply its parts for 10 years if the production stops for any automobile. But, Fisker has got different complications because it won’t be in the business if it is completely dead. So, it would be very difficult for this car owner to replace the parts and get their vehicle serviced. Some reports also claim that one of the main reasons to be in this situation is the failure to create a supply chain for its parts.
Will the warranty for the car still be valid?
As long as the company does not declare itself dead the warranty is obliged to the company. Due to the large layoff and shutdown of its centers, it is going to be very difficult for the customers to claim their warranty. Due to the serious financial problem of the company, it is very unlikely that the warranty for the cars will be covered by the company.
Fisker Ocean resale value
The critical financial problem of the company has also haunted its consumers about the resale price of the car. The company itself is finding it very hard to deal with the stockpile of inventories. Even with the dramatic cutoff in the price of the car, consumers are not confident to buy it due to serious financial problems of the company. The resale price will have a huge cut-off even if it is sold at the resale price.
The consumers are going to have a huge loss if the company turns bankrupt. Fisker car company has a huge challenge to manage its 15 U.S. and 12 European dealers across the globe. So the company worth about $100 million to $500 million is in a serious economic crisis.
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