financetom
Business
financetom
/
Business
/
EV startup Fisker to recall more than 11,000 vehicles in latest setback (June 12)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EV startup Fisker to recall more than 11,000 vehicles in latest setback (June 12)
Jul 9, 2024 6:38 AM

(In June 12 story, corrects headline to say company to recall

more than 11,000 vehicles, not 18,000 vehicles; corrects

paragraph 1 to say Fisker ( FSRNQ ) recalling thousands of cars, not more

than 18,000 cars)

June 12 (Reuters) - Fisker ( FSRNQ ) said on Wednesday it was

recalling thousands of cars in North America and Europe due to

faulty software and non-compliance with safety standards, in the

latest setback for the cash-strapped electric-vehicle startup.

The Manhattan Beach, California-based company is

"voluntarily recalling" 11,201 Fisker Oceans in the U.S.,

Canada, and Europe to fix software issues that may cause the

vehicle to enter a safe state protection mode, potentially

leading to a loss of motor power.

It is also recalling 6,864 Fisker Oceans in the U.S. as they

do not meet Federal Motor Vehicle Safety Standards (FMVSS) for

gauges and telltale icons in the cluster display. It is also

recalling 281 of the vehicles in Canada.

The startup plans to resolve the issues through an

over-the-air update to its Ocean OS vehicle software by June 30.

Vehicles that have already updated to the latest version of

the software are not affected by the recall action, it said.

Fisker's ( FSRNQ ) Ocean SUV, its only model in production currently,

is being investigated by the U.S. National Highway Traffic

Safety Administration for four safety-related incidents.

The latest probe, announced last month, is looking into

complaints about its automatic emergency braking system being

activated inadvertently.

Its Austrian unit filed for bankruptcy protection in May

even as the cash-strapped EV startup is looking for investment

options after talks for a potential investment with a major

automaker collapsed.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Adobe forecasts downbeat quarterly earnings on cautious tech spending
Adobe forecasts downbeat quarterly earnings on cautious tech spending
Sep 12, 2024
Sept 12 (Reuters) - Photoshop maker Adobe forecast fourth-quarter earnings below analysts' estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions. Shares of the company fell 9.2% in extended trading. High interest rates and a tough economy have led enterprises and individuals to focus on cutting costs, putting pressure on Adobe's...
BioNexus Gene Lab, Chenzhen Rongguang Health Group Partner to Expand Cancer Screening
BioNexus Gene Lab, Chenzhen Rongguang Health Group Partner to Expand Cancer Screening
Sep 12, 2024
01:42 PM EDT, 09/12/2024 (MT Newswires) -- BioNexus Gene Lab ( BGLC ) plans to partner with Chenzhen Rongguang Health Group to expand cancer screening and diagnostic tools in Southeast Asia and China. The collaboration includes research and development of exosome therapy and regenerative medicine, BioNexus said Thursday in a statement. Price: 0.49, Change: +0.14, Percent Change: +38.78 ...
Mission Produce Insider Sold Shares Worth $685,447, According to a Recent SEC Filing
Mission Produce Insider Sold Shares Worth $685,447, According to a Recent SEC Filing
Sep 12, 2024
05:13 PM EDT, 09/12/2024 (MT Newswires) -- Luis A Gonzalez, 10% Owner, Director, on September 12, 2024, sold 51,615 shares in Mission Produce ( AVO ) for $685,447. Following the Form 4 filing with the SEC, Gonzalez has control over a total of 8,278,037 shares of the company, with 32,423 shares held directly and 8,245,614 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1802974/000182588524000024/xslF345X05/wk-form4_1726175264.xml...
--RH Guides For FY 2024 Revenue Growth of 5%-7%; Sees Q3 Revenue Growth of 7%-9%
--RH Guides For FY 2024 Revenue Growth of 5%-7%; Sees Q3 Revenue Growth of 7%-9%
Sep 12, 2024
04:11 PM EDT, 09/12/2024 (MT Newswires) -- Price: 299.00, Change: +42.23, Percent Change: +16.45 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved