Fisker Forces Magna To Lay Off 500 More Employees Plus 10k Reactions
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- Опубликовано: 8 июн 2024
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I love this channel. I’m sure some psychologists would love studying it.
Here’s my amateur take: Fisker is bragging about how great it is in its 10k. At the same time, they are dead broke and need money. See the connection?
I too am great and broke. Send me money.
Yeah I am in the same boat....Great and Broke...SEND ME MONEY NOWWWW!!!! LOL!!!
Well said.
Adam you are a REAL ONE...Using the Bruh sound...Chef's Kiss....LOL!!!
It felt right
Another great video Adam - thanks! I think we all should officially be on "Fisker Death Watch" at this point, the clock is ticking. I expect something to happen by May 1st.
Me too. Well said
Breaking news : Fisker Confirms Acquisition talks with 4 automakers : During an all-hands meeting with staff today, Fisker CEO Henrik Fisker informed employees that discussions are underway with four automakers regarding a potential acquisition.👌👌👌👍👍😍💪💪💪💪
What's sad is you actually believe that. Just like there was a "large automaker" in talks with them. Henrik's middle name is Liar.
@@alananderson7903 just wait and see . Fisker is up to 60% today
BS that all it is Bs
The stock is up like a penny, too. This could be it. ( this is not financial advice )
Thank you Adam. Sad but true.
Thanks for watching!
Adam, Another great update w/ important info. As an Ocean owner, how can we organize to pursue the warranty coverage as a creditor? I really hope you can explore this path and share w/ your fans. Thanks in advance.
I’ll look into it when it’s time for sure
Bjorn is the truth he’s one of the best reviewers please share your thoughts on his videos
Will do
What ever happens, I feel we are going to get the short end of the stick.
Nothing looks good for us. Hendrick also selling US home to beat feet and flee. Lowered prices of inventory 24K to convert those assets to cash so it can transferred to off shore accounts. I'm guessing Magna was already paid for these cars, so Hendrick owns them. Chapter 7 is what is going to happen and many lovers out there including me. (A lot more people loss more then me)... Best case senernio, if you own an FOO, he kept the price at sticker price, so accident with no parts, car gets totaled and owner get paid. (and this may not work either) Great Channel too, you do your homework....
I appreciate the insights very much. Thanks for watching
Fisker's market cap about $20 mil. All it takes is 200 to 400 of the most fervent Fisker fans to buy all the available shares and don't lend them out to short sellers (home equity loan, margin loan, student loan, borrow against retirement funds; etc.). That will drive the share price up and give Fisker the cushion to issue more shares to placate the note holder or pay off the note. Of course, don't send the SEC after me for manipulating the market.
Give me all your Halloween candy, and I’ll give you a toothbrush.
Any clue what happens to the down payments for those who are still holding Sport reservations? Think they would have a claim in bankruptcy?
Certainly.
Fisker will never give Up!!!!
Thanks for your feedback
They already did
I took delivery of the Fisker Ocean Extreme last weed and I paid 40k.
Thank you for this!
I'm afraid you'll soon regret that purchase.
@@peterbrown8325 only time will tell.. I may not
I think Magna will be a bidder for Fisker´s assets if they are liquidated. Maybe they will take the risk and complete the vehicle development and re-launch either under Fisker name or under a new one. There are hundreds of millions of dollars in tooling both at Magna and at the suppliers.
Great points
Would need to toss the Fisker name and brand out the door. The platform may be something Magna picks up and tries to run with, but it absolutely will not hold any semblance to the Fisker name. Magna is FURIOUS with Fisker, especially Henrik and Geeta. These two have seriously harmed Magna and its reputation. Its a lesson for Magna, and others, to pick your partners carefully.
@@Kenbark42As said in the video, the platform is already Magna's. They just had to supplant some of their parts with cheap fisker-specified parts.
Hi Adam, thanks for all the work going through that information. it seems that the 10k is some windowdressing to get ready for Bancrupty. How much I admired Henrik Fisker for his design and trying it again as an entrepreneur (remark: past sentence), it seems to me from early on that Henrik and his wife have shown their lack of ability to manage such a company. Clearly finances is one big mess. The 10k states clearly that there is litigation in process from investors. No interested party will be willing to take that on. they will try to get HF to take responsibility for that, but clearly he won't. I don't even think that chapter 11 would be happening, the balance sheet just doesn't add up, even with the new 10k. hope I am wrong though...
I agree with you
The pictures of that unopened mail was misleading. They looked like just regular soliciting mailers but I still Believe him
Agree on both points
What’s apparent is that there’s an asset/liability mismatch. There’s also a private entity that does not seem to exercise rights they would otherwise have.
Creditor protection will have to be sought. But one more bankruptcy and Fisker is through.
Agree.
Fiskers will still be in control (b-class shares) and it doesn't address the compay problems. Only way for Fisker (the company) to survive in some form is Chapter 11.
Agree
They could sell to BYD and be used as a Trojan horse to go around bidden.
@@TempoLOOKING BYD is very big and very ambitious. They already have the technology, the scale and a lineup of very competitive and attractive EVs. I don´t think a niche manufacturer like Fisker, with no production facilities (specially not in the US), will be attractive for them.
Could be attractive to a less resourceful company.
Wow
It’s over…
No videos today?
It’s up
Yet Fisker is up 57% today 🙄
If the stock told the whole story, it would be a very sad one
Management is disaster. At least they dont know what to say to investors at this point.
It’s nice to not hear the spin
Now they're saying four auto makers might buy them. Purposeful leak?
Indeed
remind me not to get on your bad side...
I apologize for any action that has upset you
@@Aslash304 nothing upset me--your thoroughness is commendable.
Tesla laying off 2,700 workers
And the stock price is up 15% in 2 days. Plus the new Model 3 Performance is out, and is getting rave reviews. I bet all the Fisker owners wish they could trade in their worthless cars, but alas nobody is foolish enough to take them in trade.
@@ramonhurt69I was going to get one at the lowered price but decided against it and am buying a Mach E GT
This is true. Per capita, the 500 at Magna seems to be more meaningful.
@@GSP-76 That's cool dude. Hope you have a good experience with the Mach E. Glad that you're now able to charge at Tesla Superchargers.
@@ramonhurt69 Yeah looking forward to it...first EV for me
why dont magna take a control and buy fisker ?
Why would they? Its a dead brand now.
@@wizzyno1566 is Still new to the market. Magna is just a manufacturer, They will have an option to own the company and fix the issues. I felt the car looks good. Software updates needed like tesla. Even tesla had many issues and they are fixing most of them via software fix.
Magna has no interest in Fisker as Fisker only owes the design of the car. The rest ist Magna already. There are no assets you could buy in this stage. Fisker is dead. The Ocean is dead. They are actually removing the tooling in the factory and are laying off 500 people who built this car.
@@RajarajanM The Fisker brand is new to the market and its already poison. It cant be saved now. Magna is already going to eat huge losses on this, they'd be insane to make it worse. So they wont.
Yesterday, I drove past the Fisker workshop in my area, and decided to go in for a peak. apparently there was a head engineer of Magna, explaining to the Sales Manager how to do updates, calibrations etc.... This was before I read the news that Magna will be laying of employees. When talking to him, I heard that next to the finished cars, there are still a lot of half assembled platforms at Magna, that should have been paid by Fisker. Magna is in trouble themselves, and putted their hopes on Fisker, now they look for another car to produce ones the Jaguar, BMW/Toyata contracts runs to an end. it is not their business model to own a brand and market this. They will move on to assembling another car. Still their production is state of the art.