Upstart automaker Fisker isn't quite dead yet. Here's what to expect regarding service and repairs, warranties, stock price, and resale value.
Upstart automaker Fisker isn't quite dead yet. Here's what to expect regarding service and repairs, warranties, stock price, and resale value.? The answer is complicated and many questions remain unanswered, but one thing is clear: it’s going to be a rough road for the automaker and its early adopter owners.Not yet. Chapter 11 bankruptcy provides a failing company protection from its creditors while it attempts to restructure into a viable business.
Probably not for a while. As with the app, layoffs and a lack of resources will hamper software development and could halt it altogether as the company deals with its financial problems. Bug fixes, software updates, and new software-enabled features are likely on-hold for the time being. Before the bankruptcy filing, though, Fisker told us a number of software updates were in progress and nearing completion, so if the company survives there may be something to look forward to.Unclear.
It's unclear at this time how long Fisker Oceans will continue to run and drive if the company goes completely out of business. In theory, the car’s mechanicals should still function, but we don’t know how much of its software relies on Fisker’s cloud servers. It’s likely some of the Ocean’s features will stop working if the company goes under. The bigger question is software glitches.
If Fisker can put together an acceptable restructuring plan and secure new funding, it will eventually emerge from bankruptcy protection and resume normal operations. If not, it will be sold either entirely to a single bidder or broken into pieces and sold off in parts to pay its debts.
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