In June, the American company Fisker declared bankruptcy, and in October it went into liquidation. However, miracles are possible. Recent data shows that Fisker sold more vehicles in October than the German automaker VW.

So how did that happen? After the bankruptcy was declared, the Fisker car sale began. A judge approved the company’s plan to sell approximately 3,000 unsold Ocean electric crossovers, which allowed Fisker to sell 110 cars in October. Most of the vehicles were bought by the leasing company American Lease (New York), while the remaining cars were sold by dealers at high discounts.

In October, Fiat sold 135 EVs, while Volkswagen sold only 92 EVs. This is the result of bad decisions by the German manufacturer, which offers only two EV models on the American market, the ID.4 and the ID.Buzz. Problems with electronic door locks also contributed to the poor sales, which caused the recall of almost 100,000 ID.4 units.

Globally, Volkswagen is not doing well. The German car industry is in a major crisis, and rising costs and frequent employee strikes have forced Volkswagen to start laying off workers and moving production of some models to other continents.

A few days ago, it was confirmed that VW will move production of the Golf Mk8 to Mexico, and that 35,000 employees will lose their jobs by 2030 as a result of an agreement with the IG Metall union. Volkswagen says that the agreement combines job security, financial stability and a leading technological position in the field of sustainable mobility. They also said that the savings of more than 15 billion euros per year will help future investments until the end of the decade.

Source: S&P Global Mobility