Magna cooperates with Fisker on the Fisker Ocean

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR, at a factory Foxconn (Hon Hai Precision Industry Co. Ltd.) acquired in Ohio. The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp-up period. The Fisker PEAR follows the company’s first vehicle, the Fisker...

12 May 2022

Fisker Inc. has announced Project Ronin, the company's third vehicle after its Fisker Ocean SUV and Fisker PEAR. Project Ronin, an all-electric sport Grand Tourer, will feature innovations such as a battery pack integrated with the vehicle's structure. Fisker is designing and engineering Project Ronin to deliver the longest range of a production EV with the ultimate high performance. The code name was inspired by...

5 May 2022

LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International Inc., celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico. Scheduled for completion in 2023, the new facility will produce inverters, motors, and onboard chargers to support General Motors’ new electric vehicle (EV) platform. The 260,000 square foot plant will be LG Magna e-Powertrain’s first production base in...

20 April 2022

With the increasing shift toward vehicle electrification, Magna is leveraging its market-leading body and chassis expertise to provide innovative battery enclosures. The company announced today that it is expanding its operations into Chatham, as an extension of its current operations in St. Thomas to support new business from Ford Motor Company. The new 170,000 square foot facility is expected to create up to 150...

1 April 2022

All-electric Fisker Ocean SUV makes its debut at Mobile World Congress in Barcelona. For the US and select European and Scandinavian countries, deliveries of the Fisker Ocean will start shortly after production begins in November 2022. In addition to the Fisker Ocean’s combination of performance, value, and sustainability, it has industry-first features, such as California mode, a 17.1-inch rotating screen, and the...

28 February 2022

Fisker is now accepting reservations for its second product, the Fisker PEAR, opening the door to the Personal Electric Automotive Revolution. The all-electric Fisker PEAR blends sustainability, technology, and design into a digitally connected, compact, five-passenger urban EV. Featuring intuitive controls, sporty driving, clever storage, and a focus on industry firsts, the Fisker PEAR will start at $29,900 before...

15 February 2022

Magna's all-electric connected powertrain, the EtelligentReach, is the latest innovation set to debut on a new entrant vehicle in 2022. The complete system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics. eDrive technology advancements and the holistic vehicle development approach of the EtelligentReach achieve a range...

14 December 2021

Fisker today revealed its Fisker Ocean SUV on the first media day of the Los Angeles Auto Show. "Our mission is to create the world’s most innovative and sustainable vehicles that are also affordable, and it all starts with the Fisker Ocean as we fully embrace a clean future for all," Fisker said, as he kicked off the first manufacturer event of the show. The Fisker Ocean was designed to be a true SUV, Henrik Fisker...

18 November 2021

Fisker today offered a sneak peek of its Fisker Ocean all-electric SUV. A pair of vehicles took in a classic South California sunset at the famous Manhattan Beach pier. Fisker Chairman and CEO Henrik Fisker each spoke at the event, which was livestreamed. Local, national, and international media attended, as did Fisker employees and their families. The Fisker Ocean officially starts production on November 17, 2022...

17 November 2021

Magna International Inc. today announced that the board of directors of Veoneer, Inc. has determined that the previously announced proposal by Qualcomm Incorporated to acquire Veoneer for $37 per share is a superior proposal under the terms of the previously announced merger agreement between Magna and Veoneer, and that Magna has waived the four-day matching period to make a counterproposal. Accordingly, Veoneer has...

5 October 2021

Fisker announced it is joining forces with the renowned racing driver, Abbie Eaton. One of 18 drivers competing in the 2021 W Series Championship, Abbie will work closely with Fisker's engineering and product development team, focusing on chassis and vehicle dynamics on the Fisker Ocean SUV program and other vehicles to follow. Abbie brings her experience as a test driver for The Grand Tour show to Fisker, along...

23 August 2021

The Fisker Ocean will make its global debut at the upcoming 2021 Los Angeles Auto Show, with production starting on November 17, 2022. The SUV features extensive use of recycled materials, including a fully vegan interior, and will come with an optional photovoltaic solar roof. The EV will sit on custom-developed Bridgestone Potenza Sport tires for vehicles sold in Europe and select models sold in North America. The...

5 August 2021

LG and Magna signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea and will be led by a strong management team. Leading the new company will be CEO Cheong Won-suk, a 20-year LG veteran who was most recently vice president and head of the LG Vehicle component Solutions Company’s Green...

30 July 2021

Fiskery today announced details for the first wave of its global brand experience centers. Starting in the first half of 2022, the company will open its inaugural center in Los Angeles, followed by a European center in Munich. Fisker Brand Experience Centers will offer prospective customers the opportunity to see and experience the company's vehicles, as well as speak with product experts on hand. Following Los...

22 July 2021