Fisker adjusts production guidance to free up up to $300 million in working capital

startup Electric car Based in California, Fiskerannounced a reduction in annual production guidance in an effort to Release of $300 million in workforce. The company now aims to produce around 10,000 vehicles in December 2023, representing a series of downward adjustments from its initial forecast of 42,400 ocean-going SUVs by the end of 2023.

The production cut announced on December 1, 2023, the fourth annual cut, is expected to provide Fisker with “flexibility” in accessing additional capital. Despite not meeting the President and CEO’s original production expectations Henrik Fisker highlighted the strong performanceemphasizing that Continued growth in sales and delivery.

And so does the company open a New strategy to improve deliveries in the US and Europeand address initial logistical challenges. Although specific details were not provided, the strategy includes adding more logistics companies, expanding access to reservation holders, and opening additional retail, delivery and service facilities.

For this part, Fisker announced the leasing program in the United States, Canada and EuropeAlthough it did not provide details about its release dates. The business update also highlighted key new hires, including Dan Quirk As Executive Vice President of Finance and Accounting, in response to changes in the previous financial management. The company maintains its focus on Expanding its markets As in improving your sales and service offerings Fisker ocean model.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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