Stock

US auto safety regulator closes probe into nearly 7,000 Fisker electric SUVs

(Reuters) – The U.S. auto safety regulator closed its probe into 6,971 Fisker (OTC:FSRNQ) Ocean SUVs on Friday over inadvertent activation of the automatic emergency braking system, as it does not expect to get further information from the bankrupt EV maker.

Fisker filed for bankruptcy protection in June, citing a hyper-competitive EV market and operational challenges that hurt its ability to stem cash burn and raise additional funds.

The U.S. National Highway Traffic Safety Administration said the company’s employees it was in touch with said late last month that all of the startup’s workers had been dismissed.

“The closing of this investigation does not constitute a finding by NHTSA that a safety-related defect does not exist,” the regulator said, but it has no new information to take the probe further.

The regulator said it had received complaints alleging the automatic emergency braking system was triggered without an obstacle in the vehicle’s path, resulting in the car suddenly slowing down or coming to a halt, risking a crash.

Fisker has recalled thousands of its vehicles to resolve other issues, however, it has not taken a similar action to fix the issue related to this probe.

This post appeared first on investing.com

    Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!

    By signing up, you're cool with getting emails from us. Don’t worry—your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    The Traders Intelligence
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.