Written by Cláudio Afonso | LinkedIn | X
Fisker Inc. is initiating a recall of 8,204 Ocean SUVs in the United States because of a defect with the exterior door handles that can cause them to stick and not open, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.
The electric vehicle (EV) maker and its affiliates are moving toward the concluding phase of their Chapter 11 bankruptcy process with the final hearing scheduled for July 16.
The automaker has also ordered its dealerships across the United States, Canada, and Europe to suspend sales of the Ocean SUV until the vehicles have been inspected for this issue.
Last week, a group of early adopters of Fisker vehicles announced the formation of a non-profit association, aimed at ensuring continued access to parts and services for owners as the startup filed for bankruptcy protection in Delaware.
“The failure of a door to open can hinder occupants from exiting during emergencies, posing a greater risk of injury,” the NHTSA explained. Fisker will replace the defective door handles at no cost to the vehicle owners with notification letters expected to be mailed until the end of August.
As reported on Thursday, the official “Notice of Filing of Creditor Matrix” lists some high-profile names and entities associated with the company’s operations including the founder and CEO Henrik Fisker, and also Geeta Gupta-Fisker, Fisker’s Chief Operating Officer and CFO.
The bankruptcy has triggered an automatic acceleration of its debt obligations under its 2.50% convertible senior notes due 2026, according to a recent 8-k form. There was a scheduled hearing for this later today, June 27, to discuss the cash collateral motion. However, the hearing was cancelled.
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Fisker is striving to provide a service network to the customers after filing for Chapter 11 bankruptcy protection last week.
According to unofficial information from a Fisker employee, the company is currently operating with a very small team in Germany and has closed its store in the center of Munich.
The filing, initiated by Fisker Group Inc. last week (June 17) and followed by other U.S. subsidiaries later in the week (June 19) constitutes an event of default under the terms of the notes’ indenture, thereby expediting the debt repayment schedule.
The chief executive Henrik Fisker made recently his first public appearance of the year, delivering a keynote speech at the ET Auto Summit. However, the former automotive designer avoided the topic and did not comment on Fisker’s situation.
Written by Cláudio Afonso | LinkedIn | X
