Henrik Fisker’s first car company failed. His second venture is going to be different.
Fisker plans to mass produce a more economically priced SUV in the electric vehicle market. Like other car companies such as Toyota, he also intends to use contract manufacturing for production.
Like Tesla, Fisker plans to sell direct to consumers.
- Bankrupt – Fisker Automotive (Sept 25, 2020, Bright Sun Films)
- Fisker CEO Says Magna Partnership to Deliver on Volume, Pricing (Oct 23, 2020, Bloomberg Markets and Finance)
- Fisker CEO on Winning Electric Vehicle Market Share with an Anti-Tesla Business Model (Nov 16, 2020, Bullish)
This post is based on the CNN article, Henrik Fisker’s first car company flamed out. He’s sure this one will work, by Peter Valdes-Dapena, February 18, 2021, and the YouTube videos in the Spotlight. Image source: Herr Loeffler/Shutterstock
1. What are the disadvantages of contract manufacturing for Fisker? Advantages?
Guidance: Students will easily note the main disadvantage is quality control. Capacity issues may also arise. If the contract manufacturer is handling BMW and Fisker, the manufacturer is likely more interested in keeping BMW’s business. Continue reading