HomeIndustriesEV Maker Fisker Recalls 18,000 Cars Due to Software Issues, Compliance Reasons

EV Maker Fisker Recalls 18,000 Cars Due to Software Issues, Compliance Reasons

Electric vehicle maker Fisker announced on Wednesday that it’s recalling more than 18,000 cars in North America and Europe. The recall affects Fisker’s Ocean SUV models that haven’t received an update to the 2.1 operating system.

According to the company, 11,201 Oceans are being recalled on a voluntary basis due to software issues. The software glitch has caused its EVs to start losing power while on the road.

Additionally, 7,145 Ocean models in the United States and Canada are also subject to voluntary recall because they have compliance issues with their displays and gauges.

The recalls come at a time when Fisker is struggling to stay afloat. The company has been struggling in recent months, and it is believed to be on the brink of bankruptcy after failing to secure a sizable loan earlier this year and seeing its partnership deal with a major vehicle maker collapse. In attempts to right the ship, the company has stopped its production, engaged in widespread layoffs and has been offering its models at discount prices.

The issues have caused Fisker’s shares to collapse in 2024. Its stock slipped below $1 per share midway through January and has since been a penny stock.

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