Fisker Issues Voluntary Recalls Over Software Problems

Dow Jones06-12

By Dean Seal

Fisker has issued two voluntary recalls of its Ocean SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes.

The electric-vehicle company said Wednesday that it has issued a safety recall for 11,201 Fisker Oceans in the U.S., Canada and Europe. The affected vehicles have motor-control unit and vehicle-control unit software that could cause them to enter a safe-state protection mode and potentially experience a loss of motor power.

Fisker has also issued a noncompliance recall for 6,864 Ocean SUVs in the U.S., along with 281 in Canada, that don't comply with certain federal regulations covering gauges and warning indicators on their cluster displays.

All affected vehicles from both recalls are set to receive updated software via an over-the-air process. Fisker informed dealers of the recall actions last month and will notify owners of affected vehicles by the end of this month.

The recalls are just the latest setback for the EV maker, which has been winding down operations after burning through most of its cash and defaulting on a debt agreement that has saddled it with $180 million to repay.

The company's stock, which was trading at around $10 two years ago, has plummeted and is currently changing hands at about 5 cents.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 12, 2024 07:06 ET (11:06 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2442532645?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-12 19:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2442532645","market":"sg","top_or_hot":-1,"title":"Fisker Issues Voluntary Recalls Over Software Problems","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Fisker has issued two voluntary recalls of its <a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes. \n</p>\n<p>\n  The electric-vehicle company said Wednesday that it has issued a safety recall for 11,201 Fisker Oceans in the U.S., Canada and Europe. The affected vehicles have motor-control unit and vehicle-control unit software that could cause them to enter a safe-state protection mode and potentially experience a loss of motor power. \n</p>\n<p>\n  Fisker has also issued a noncompliance recall for 6,864 Ocean SUVs in the U.S., along with 281 in Canada, that don't comply with certain federal regulations covering gauges and warning indicators on their cluster displays. \n</p>\n<p>\n  All affected vehicles from both recalls are set to receive updated software via an over-the-air process. Fisker informed dealers of the recall actions last month and will notify owners of affected vehicles by the end of this month. \n</p>\n<p>\n  The recalls are just the latest setback for the EV maker, which has been winding down operations after burning through most of its cash and defaulting on a debt agreement that has saddled it with $180 million to repay. \n</p>\n<p>\n  The company's stock, which was trading at around $10 two years ago, has plummeted and is currently changing hands at about 5 cents. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2024 07:06 ET (11:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fisker Issues Voluntary Recalls Over Software Problems</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFisker Issues Voluntary Recalls Over Software Problems\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-12 19:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Dean Seal \n\n\n \n\n\n  Fisker has issued two voluntary recalls of its Ocean SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes. \n\n\n  The electric-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2442532645","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442532645","pubTimestamp":1718190360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fisker has issued two voluntary recalls of its Ocean SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes.The electric-vehicle company said Wednesday that it has issued a safety recall for 11,201 Fisker Oceans in the U.S., Canada and Europe. The affected vehicles have motor-control unit and vehicle-control unit software that could cause them to enter a safe-state protection mode and potentially experience a loss of motor power.Fisker has also issued a noncompliance recall for 6,864 Ocean SUVs in the U.S., along with 281 in Canada, that don't comply with certain federal regulations covering gauges and warning indicators on their cluster displays.All affected vehicles from both recalls are set to receive updated software via an over-the-air process. Fisker informed dealers of the recall actions last month and will notify owners of affected vehicles by the end of this month.The recalls are just the latest setback for the EV maker, which h","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","FSRN":"Fisker Inc."},"translate_title":"菲斯克因软件问题主动召回","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSRN":0.9},"content_text":"By Dean Seal \n\n\n \n\n\n  Fisker has issued two voluntary recalls of its Ocean SUVs in North America and Europe over software-related problems, adding to the carmaker's mounting woes. \n\n\n  The electric-vehicle company said Wednesday that it has issued a safety recall for 11,201 Fisker Oceans in the U.S., Canada and Europe. The affected vehicles have motor-control unit and vehicle-control unit software that could cause them to enter a safe-state protection mode and potentially experience a loss of motor power. \n\n\n  Fisker has also issued a noncompliance recall for 6,864 Ocean SUVs in the U.S., along with 281 in Canada, that don't comply with certain federal regulations covering gauges and warning indicators on their cluster displays. \n\n\n  All affected vehicles from both recalls are set to receive updated software via an over-the-air process. Fisker informed dealers of the recall actions last month and will notify owners of affected vehicles by the end of this month. \n\n\n  The recalls are just the latest setback for the EV maker, which has been winding down operations after burning through most of its cash and defaulting on a debt agreement that has saddled it with $180 million to repay. \n\n\n  The company's stock, which was trading at around $10 two years ago, has plummeted and is currently changing hands at about 5 cents. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2024 07:06 ET (11:06 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442532645"}