Fisker recalls thousands of Ocean EVs for safety and compliance issues

Fisker recalls thousands of Ocean EVs for safety and compliance issues


The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. 

Kyle Grillot | Bloomberg | Getty Images

Electric vehicle startup Fisker announced on Wednesday that it is recalling thousands of Ocean SUVs in North America and Europe due to issues with vehicle software and will roll out an over-the-air software update.

The company recalled 11,201 Oceans across the U.S., Canada, and Europe due to safety issues. The affected vehicles potentially had issues with the Motor Control Unit and Vehicle Control Unit software, which could make the vehicle lose motor power, the company said in a press release.

Fisker also recalled 6,864 Oceans in the U.S. and 281 in Canada for compliance reasons. The company said the vehicles do not currently comply with federal vehicle safety standards related to gauges and telltale icons in the cluster display.

Fisker said that vehicles updated to OS 2.1 are not impacted by the recall. Fisker anticipates completing the software update process by June 30, 2024. 

The recalls come after months of setbacks for Fisker. Reuters reported in February that the company may not be able to continue as a going concern due to high interest rates causing a slowdown in demand. 

Fisker’s struggles continued into March as talks for a potential deal with an unnamed large automaker collapsed, and the New York Stock Exchange announced plans to delist the startup’s shares due to “abnormally low” price levels. 

In April, Reuters reported that the U.S. auto safety regulator opened an investigation into the 2023 Ocean due to complaints over the vehicles’ doors failing to open. This marked the National Highway Traffic Safety Administration’s third probe into Fisker — additional investigations are open due to issues with the 2023 Ocean’s brakes and unintended vehicle movement.

Fisker delivered 4,929 Oceans in 2023, the company said in February when announcing its full-year financial results, the most recent report available. The company said it expected to deliver between 20,000 and 22,000 vehicles in 2024.

The company said it informed its dealers of the recalls on May 30 and will notify owners by June 30.

Don’t miss these exclusives from CNBC PRO



Source

Cava reports surprise same-store sales growth, driven by menu prices
Business

Cava reports surprise same-store sales growth, driven by menu prices

Cava, the fast-casual Mediterranean restaurant chain, reported record-breaking revenue for fiscal year 2025 on Tuesday and forecast sales growth for fiscal year 2026. Shares gained roughly 10% in extended trading Tuesday. “While there are a lot of factors around us that are creating pressures from a margin perspective, our model has allowed us to be […]

Read More
Lucid widely misses earnings expectations, forecasts continued EV growth in 2026
Business

Lucid widely misses earnings expectations, forecasts continued EV growth in 2026

A Lucid Gravity coming off the line at the company’s factory in Casa Grande, Arizona Lucid Group reported mixed fourth-quarter results Tuesday as the all-electric vehicle maker continues to face challenging market conditions and internal problems. The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also […]

Read More
Jamie Dimon says AI is already reshaping JPMorgan Chase’s workforce as bank plans ‘huge redeployment’
Business

Jamie Dimon says AI is already reshaping JPMorgan Chase’s workforce as bank plans ‘huge redeployment’

Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025. Eduardo Munoz | Reuters JPMorgan Chase CEO Jamie Dimon said the bank is taking steps to address the impact of artificial intelligence […]

Read More