The U.S. auto safety regulator on Friday said that it has opened an investigation into Fisker Inc‘s 6,813 model year 2023 Ocean SUVs over unintended activation of its automatic emergency braking system.
What Happened: The National Highway Traffic Safety Administration said that it received 8 complaints alleging that the automatic emergency braking system on the SUV activated unintentionally, thereby slowing the vehicle and increasing the risks of a crash. Three of the eight complaints alleged an injury due to the issue.
The activation of the system happens without sufficient warnings to the driver, and without any obstructions in the path of the car, the complaints alleged. Further, the application of the system varies, resulting in either a loss of speed or a complete stop.
Last month, NHTSA opened another probe into Ocean vehicles after receiving 14 complaints alleging that the doors on model year 2023 vehicles don't open.
Fisker Closing-In On Bankruptcy: The California-based EV maker in February warned that it may not have enough funds to operate over the year. The company’s shares were delisted from the New York Stock Exchange the following month owing to low share prices and potential investment talks with a major automaker collapsed, leaving Fisker's financial future uncertain.
Late last month, the company said in a filing that it expects to seek protection under bankruptcy laws within 30 days if unable to receive waivers from its debt holders or raise enough capital to settle its dues.
The company had unrestricted cash and cash equivalent of just $53.9 million as of April 16.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
