Fisker On The Brink As NYSE De-Lists Stock Over 'Abnormally Low' Price

Startup companies can be pretty risky, especially when those startups build cars. Investors chasing that Tesla money, though—that means making strategic bets and hoping a product not just makes it to market, but also thrives afterward. Fisker is one of those bets that many have sunk time and money into, and things aren't exactly looking great. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech.

Toyota flew the concept to Australia last year for some extreme condition testing, which hinted that Toyota was putting the truck through the wringer to make sure it held up to the Hilux's legendary unkillable reliability Yamashita did not specify any other details such as assembly location or price, but the news closely follows a report from the Thai government about Isuzu building its battery-electric D-Max pickup in Thailand, which has become an emerging vehicle manufacturing hub in...

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Fisker Suspends Electric Vehicle Production Amid Financial StrugglesFisker, the embattled automaker, has announced the suspension of all manufacture of its electric vehicles. The company has secured a financing commitment of up to $150 million, subject to certain conditions. Fisker's decision comes as EV sales in the US have slowed and the company has faced quality control and software issues with its vehicles.
Fonte: WIRED - 🏆 555. / 51 Leggi di più »