Fisker recalls thousands of Ocean EVs for safety and compliance issues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Should l Buy ?
Source: CNBC
- Fisker Recall: Fisker is recalling thousands of Ocean SUVs in North America and Europe due to issues with vehicle software, offering an over-the-air software update.
- Recall Reasons: The recall includes safety issues related to Motor Control Unit and Vehicle Control Unit software, as well as compliance issues with federal vehicle safety standards.
- Software Update: Vehicles updated to OS 2.1 are not affected by the recall; the company aims to complete the update process by June 30, 2024.
- Company Struggles: Fisker faced setbacks including concerns about its financial viability, failed deal talks, and potential delisting from the stock exchange.
- Regulatory Investigations: The U.S. auto safety regulator opened an investigation into the 2023 Ocean due to complaints about doors failing to open, marking the third probe into Fisker for various issues.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
