The Fisker Saga Continues With a Salary Cut and a New Recall
The drama with Fisker and its all-electric SUV continues with yet another recall. This comes after the company behind the Ocean SUV recently filed for bankruptcy protection. In total, there are four recalls for the troubled Fisker Ocean, which has depreciated greatly in value since hitting the market last year. Many will note that this makes two bankruptcies for the automaker, which was previously called Fisker Automotive. This comes as the co-founders cut their salaries to help cover various costs.
The Fisker Ocean all-electric SUV has a water pump issue
According to Reuters, Fisker is recalling 11,308 units of its Ocean all-electric SUV. Of this number, about 7,545 units are from buyers in the U.S. The recall stems from a severe issue with the water pump on the impacted vehicles that could lead to a sudden loss of power. Fisker is not only issuing a recall for the vehicles people own, but it’s also implementing a stop-sale with its various dealers in the U.S., Canada, and the European Union.
In a letter about the Fisker Ocean water pump issue, a U.S. regulator said, “A communication failure with the cabin electric water pump can cause the high-voltage battery management system (BMS) to enter limp mode, causing a loss of drive power.”
Despite being strapped for cash, the company will replace the water pumps at no cost to the customer. As mentioned, this isn’t the first recall for the all-electric Fisker SUV. Another recall came in June over doors trapping people inside the vehicle. So far, this has been one of the most problematic vehicle launches in history.
This news also comes as co-founders Henrick Fisker and his wife, Geeta Gupta-Fisker, decided to drop their salaries to $1 in order to help cover bankruptcy costs. The decision comes after they faced questions about remaining on the company’s payroll despite the financial issues.