by Sean O'Kane | May 3, 2024 | Business Enhancements
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will...
by Sean O'Kane | May 3, 2024 | Business Enhancements
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck...
by Sean O'Kane | Apr 29, 2024 | Business Enhancements
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch. Founder and CEO Henrik Fisker told...
by Sean O'Kane | Apr 29, 2024 | Business Enhancements
Federal safety regulators have opened an investigation into Ford’s hands-free driver assistance system, BlueCruise, after it was active during two recent crashes into stationary vehicles that killed multiple people. The National Highway Traffic Safety...
by Sean O'Kane | Apr 23, 2024 | Business Enhancements, Startups
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that...