EV startup Fisker receives non-compliance notice from NYSE
Fisker, which makes the Ocean electric crossover, said the notice would not lead to an immediate delisting from the stock exchange, adding it has six months to regain compliance.
Fisker, which makes the Ocean electric crossover, said the notice would not lead to an immediate delisting from the stock exchange, adding it has six months to regain compliance.
High interest rates, more expensive vehicles and a steadier post-pandemic supply chain are reducing new-vehicle gross profit, but it is still higher than pre-pandemic levels. That could change by year end.
The agency’s Office of Defects Investigation said it received four complaints alleging unintended vehicle movement in Fisker Ocean crossovers. An earlier probe is looking at braking complaints.
The new stores are Ourisman Fisker in Maryland, Classic Fisker in Georgia and Long Island Fisker in New York, with another planned for New Jersey, Fisker said. The automaker previously signed Mills Automotive Group.
Jing-Jin Electric North America LLC is planning to expand its Michigan base with a new 40,000-square-foot plant to manufacture electric vehicle components.