"Fisker's Survival Strategy: Slashing Ocean SUV Prices by 39%"

Electric vehicle startup Fisker has slashed the prices of its 2023 electric Ocean SUV models by up to 39% in an effort to boost demand and address its financial challenges. The company's decision to reduce prices comes after failed talks with a major automaker and a looming debt default. Fisker aims to raise funds to meet its debt obligations and is exploring strategic options, including restructuring and capital market transactions. The price cuts are part of the company's efforts to navigate its uncertain future in the competitive electric vehicle market, where it competes with Tesla's Model Y SUV and other mid-size electric SUVs.