Fisker Inc. to Establish Specialty Engineering Division in United Kingdom; David King to Run New Operation
October 01 2021 - 3:01AM
Business Wire
- The Fisker Magic Works will focus on low-volume, specialty and
custom products
- David King joins Fisker as SVP of Engineering and will run new
operation
- Fisker to establish new engineering center in the United
Kingdom
- Fisker Ocean on target for start of production Nov. 17,
2022
Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the
world's most sustainable electric vehicles and advanced mobility
solutions – today announced the establishment of The Fisker Magic
Works, its UK-based specialty vehicle engineering and development
division. This newly created operation will focus on low-volume,
rapid-development vehicle programs and specialized versions of the
Fisker portfolio. The Fisker Magic Works will instill futuristic
design, technology and innovation into high-profile products
supporting the mainstream business.
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Fisker Inc. today announced the
establishment of The Fisker Magic Works, its UK-based specialty
vehicle engineering and development division. Highly respected
industry veteran, David King, will lead the new division as senior
vice president of engineering. This newly created operation will
focus on low-volume, rapid-development vehicle programs and
specialized versions of the Fisker portfolio. The Fisker Magic
Works will instill futuristic design, technology and innovation
into high-profile products supporting the mainstream business.
(Photo: Business Wire)
Fisker also confirmed it is hiring respected industry veteran
David King as senior vice president of engineering to lead this new
UK-based operation. Most recently, David served as vice president
and chief special operations officer at Aston Martin Lagonda.
“We are on full speed to deliver four distinct vehicle lines by
2025, driving innovation forward and pushing radical new ideas into
the global car market,” says Fisker CEO and Chairman, Henrik
Fisker. “The Fisker Magic Works provides us with an opportunity to
create sustainable and fantastic vehicles outside the confines of
established industry segments. Bringing on David King further
strengthens our engineering and creative expertise, and I’ve
already assigned him two exciting projects which will showcase our
capability in highly specialized materials and technologies
designed especially for the eco-conscious automotive
enthusiast.”
In addition to this new commitment to the UK, earlier this year,
Fisker confirmed London would be the location for the company’s
first UK brand experience center. The Fisker Ocean is on target for
a Nov. 17, 2022 start of production, with deliveries to the UK
commencing during 2023.
“This is an incredibly exciting opportunity to create a new
engineering center dedicated to bringing amazing ideas to life,”
said David King. “Having spent my career working on vehicles with
high displacement gasoline engines, I am relishing working with the
design and engineering freedom that electrification provides.”
David brings more than 30 years of vehicle engineering and
product development leadership experience, primarily at Aston
Martin, including serving as president of Aston Martin Racing. His
accomplishments include the DB7 V12 Vantage and clean-sheet
platform development resulting in the DB9 and Vantage. David’s work
on several joint-OEM, rapid development platform-sharing projects
with Ford, Jaguar and Daimler is particularly relevant to Fisker’s
asset-light, compressed timeline philosophy.
Most recently, David successfully led a team of approximately
100 engineers to launch a series of specialty vehicles and develop
the ‘Q by Aston Martin’ bespoke and customization service.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive
industry by developing the most emotionally desirable and
eco-friendly electric vehicles on Earth. Passionately driven by a
vision of a clean future for all, the company is on a mission to
become the No. 1 e-mobility service provider with the world's most
sustainable vehicles. To learn more, visit www.FiskerInc.com – and
enjoy exclusive content across Fisker's social media channels:
Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the
revolutionary new Fisker mobile app from the App Store or Google
Play store.
Forward-Looking Statements
This press release includes forward-looking statements, which
are subject to the “safe harbor” provisions of the US Private
Securities Litigation Reform Act of 1995. These statements may be
identified by words such as “feel,” “believes,” expects,”
“estimates,” “projects,” “intends,” “should,” “is to be,” or the
negative of such terms, or other comparable terminology and
include, among other things, the quotation of our Chief Executive
Officer, the timing of the start of production of the Ocean, and
statements regarding the Company’s strategy and other future events
that involve risks and uncertainties. Such forward-looking
statements are not guarantees of future performance and are subject
to risks and uncertainties, which could cause actual results to
differ materially from the forward-looking statements contained
herein due to many factors, including, but not limited to: Fisker’s
limited operating history; Fisker’s ability to enter into
additional manufacturing and other contracts with Magna, or other
OEMs or tier-one suppliers in order to execute on its business
plan; the risk that OEM and supply partners do not meet agreed upon
timelines or experience capacity constraints; Fisker may experience
significant delays in the design, manufacture, regulatory approval,
launch and financing of its vehicles; Fisker’s ability to execute
its business model, including market acceptance of its planned
products and services; Fisker’s inability to retain key personnel
and to hire additional personnel; competition in the electric
vehicle market; Fisker’s inability to develop a sales distribution
network; and the ability to protect its intellectual property
rights; and those factors discussed in Fisker’s Annual Report on
Form 10-K, as amended, under the heading “Risk Factors,” filed with
the Securities and Exchange Commission (the “SEC”), as supplemented
by Quarterly Reports on Form 10-Q, and other reports and documents
Fisker files from time to time with the SEC. Any forward-looking
statements speak only as of the date on which they are made, and
Fisker undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20211001005213/en/
Fisker Inc. Tel: +1.310.374.6177
Simon Sproule, SVP, Communications ssproule@fiskerinc.com
Rebecca Lindland, Director, Communications
rlindland@fiskerinc.com
Blanca Garcia, Director, European Communications
bgarcia@fiskerinc.com
Dan Galves, VP, Investor Relations dgalves@fiskerinc.com
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