Recall Scam: Fisker’s Ocean Owners Left Holding the Bill

As Fisker teeters on the brink of collapse, its loyal owners are being slapped with a devastating blow: they’re being forced to foot the bill for the company’s incompetence. The EV startup’s Chapter 11 bankruptcy process has hit a new low, with existing owners now expected to shell out cash to fix the mess Fisker created.

In a move that reeks of corporate greed, Fisker has announced that owners will have to pay for labor costs to resolve two of the five outstanding recalls on their Ocean SUVs. And the worst part? The company is trying to pass off this financial burden as a “necessary evil” to ensure the safety of its vehicles. Safety? Please. This is just a thinly veiled attempt to squeeze more cash out of its desperate owners.

Meanwhile, three of the recalls can be resolved with over-the-air software updates – at no cost to the owners, of course. Because Fisker wants to keep its reputation intact, even if it means sacrificing the financial well-being of its loyal customers.

The other two recalls are where the real controversy lies. Faulty door handles and a faulty electric water pump are just the tip of the iceberg. This is a company that’s been plagued by incompetence and mismanagement from the start. And now, it’s expecting its owners to clean up the mess.

This comes on the heels of Fisker’s recent settlement plan with its biggest secured lender, contract manufacturer Magna, and other parties involved in the bankruptcy. But don’t be fooled – this is just a thinly veiled attempt to line the pockets of the company’s insiders and creditors. The judge in the case has set a hearing for early October, but it’s unclear what will come of it. One thing is certain, though: Fisker’s owners are the ones who will be left holding the bag.

The company has already sold off most of its remaining vehicle inventory to a New York vehicle leasing company for a paltry $46.25 million. Now, it’s trying to liquidate its remaining assets – allegedly worth over $1 billion – to pay back its creditors. But at what cost to its owners? It’s a question that only time will answer.