Inside Henrik Fisker's second failed automotive startup [Business Insider]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Business Insider
Business Insider spoke with 27 former and current Fisker staff that charted the startup's downfall. Fisker's staff was in chaos as they prepared to deliver the company's first batch of electric cars to US customers. It had been four years since famed automotive designer Henrik Fisker unveiled his Tesla rival, an SUV called the Ocean, and the vehicle still wasn't ready. In the weeks leading up to the big June 2023 event, Fisker staff raced to fix faulty parts on at least four of the 22 EVs that were set to be delivered — even stripping parts off the CEO and CFO's personal cars to repair the vehicles, including door handles and seat sensors, according to 11 sources familiar with the incident. Two days later, Fisker board member Wendy Gruel's Ocean SUV, one of the cars that had been delivered at the event, shut off on a public road while going full speed, five sources said. Later, the same thing happened to Geeta Gupta-Fisker, Henrik's wife and the company's CFO and COO, workers
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MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 6/5/24 - Form SD
- 5/30/24 - Form 6-K
- 5/28/24 - Form 6-K
- MGA's page on the SEC website