Manhattan Beach-based carmaker Fisker Inc. announced in its third-quarter earnings report that Magna Steyr would purchase a commercial fleet of Ocean vehicles to be delivered in December. The company added that the first drivable Pear prototype would be delivered later this month.
In its Nov. 2 earnings report, the company reported operating results in line with company expectations.
“Fisker is delivering on our SOP commitment despite a challenging environment due to our focused collaboration with all of our partners and suppliers. We are making deliberate choices on how to best deploy capital and structure our assembly volumes for a successful ramp,” Henrik Fisker, chairman and chief executive of Fisker, said in a statement.
The company reported that the first concept phase of its Pear, a more affordable electric vehicle option than the Ocean, had been signed off and added that the first prototype would be available earlier than anticipated. There were more than 5,000 reservations for the vehicle as of the end of October.
Its Ocean SUV, meanwhile, is set to begin production on Nov. 17. There were more than 62,000 orders and reservation for the vehicle as of the end of October.
The company will deliver 15 Fisker Oceans to Magna at the end of the year. Retail deliveries are expected next year.
Fisker featured the Ocean car at the Paris International Motor Show in October.
“Last month at the Paris Auto Show, we unveiled several innovative and industry-first features in the Fisker Ocean, including our unique interface. This is a very exciting time for Fisker, with the start of production for the Ocean just two weeks away,” Fisker said in a statement.
The Ocean Sport will cost $37,499, and the Ocean Extreme and Ocean One will hover in the $68,999 range.
Fisker shares have lost roughly 50% of their value this year, closing at $8.06 on Nov. 2. The S&P 500 index, meanwhile, has lost roughly 21% of its value.
