Fisker is significantly reducing the price of the Ocean sport utility vehicle, the company’s only model, as it faces liquidity challenges and the pending delisting of its stock, Bloomberg’s Richard Clough reports, citing a company statement. The electric car maker will be making the biggest cut to the Ocean Extreme, a top-end version of the SUV, slashing the price by $24,000 to $37,499. Other versions of the vehicle will also be much cheaper, which Fisker said is designed to position the Ocean as “a more affordable and compelling EV choice.”
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