Fisker to Partner with Cox Automotive & Rivus for Delivery, Servicing, Fleet Management & Reselling Programs in the United Ki...
December 07 2020 - 9:04AM
Business Wire
- Cox Automotive U.K. and Rivus Fleet Solutions to provide total
after-sales services across the U.K., consistent with the
asset-light business model being deployed across the Fisker
business
- Fisker confirms it intends to enter the U.K. market in 2023,
names London as the location for the country’s first consumer
experience center – set to open in 2022
Fisker Inc. (NYSE: FSR) (“Fisker”) – designer and manufacturer
of the world’s most emotion-stirring, eco-friendly electric
vehicles and advanced mobility solutions – today confirmed that it
has signed agreements with Cox Automotive U.K. (“Cox”) and Rivus
Fleet Solutions (“Rivus”) to provide a range of after-sales
services for the U.K. market. Consistent with Fisker’s asset-light
and digital-forward business model, Cox and Rivus will provide
outsourced solutions covering various areas such as vehicle
delivery, service / maintenance, fleet management, mobile fleet
servicing, valuation, trade-in, refurbishment and remarketing.
“In creating Fisker as a company focused on both product and
ownership experience breakthroughs, partnerships with the world’s
leading service providers are an essential element to deliver that
vision,” commented Fisker Chairman and Chief Executive Officer,
Henrik Fisker. “With recent U.K. government announcements related
to electric vehicles, we believe Fisker will be well placed and
well timed to make significant progress in this important market,
supported by Cox and Rivus as essential delivery partners.”
Fisker recently announced a strategic cooperation with Magna
International supporting the co-development and manufacture of the
all-electric Fisker Ocean SUV, projected to launch in Q4 2022. The
Ocean will be assembled by Magna in Europe and is well-positioned
to deliver class-leading range, functional interior space with
third-row seating and overall vehicle performance.
Martin Forbes, president of Cox Automotive International, said,
“Fisker will be an exciting addition to the U.K. market and will be
able to take advantage of the full range of physical and digital
services we have to support vehicle manufacturers. Our aim is to
provide customers with the solutions needed to adapt to this
fast-changing marketplace and, following the acquisition of CWL
Limited this year, we have been investing heavily in our vehicle
services and EV infrastructure to meet the expected growth in EV
registrations.”
Rivus Managing Director, Michael Scheidler adds, “By owning a
network of garages across the U.K., Rivus is able to provide the
flexibility, scale and quality control that meets the needs of
Fisker and their ambitions for the future. We’re already equipped
to handle electric vehicles and news of us joining forces with
Fisker has created a real buzz within the business. Our customer
service operation and vehicle technicians are experts in supporting
vehicles of this type – so Fisker customers can always be confident
of a great experience from Rivus Fleet Solutions.”
The U.K. has consistently been one of the world’s top 10 new
vehicle markets and is anticipated be one of the first to open for
Fisker after the planned launch of the Ocean in 2022. Earlier this
year, Fisker confirmed it will commence opening consumer experience
centers in major global cities from 2021. It is projected that
Fisker will open the London experience center in 2022.
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.
About Cox Automotive
U.K.
Cox Automotive is the world's largest automotive service
organisation. We provide dependable solutions that improve
performance and profitability throughout the vehicle lifecycle to
manufacturers, fleets and dealers. Our businesses are organised
around our customers’ core needs across vehicle solutions,
remarketing, funding and retail. Cox Automotive brands in the UK
include Manheim, Dealer Auction, NextGear Capital, Modix, Movex,
wewantanycar.com and money4yourmotors.com. The group employs more
than 2,500 team members in the UK and works with thousands of
businesses throughout the automotive industry. For more
information, visit www.coxauto.co.uk.
About Rivus Fleet
Solutions
Rivus Fleet Solutions is one the U.K.’s largest end-to-end fleet
management companies and supports some of the largest and most
critical fleets in the country. The company provides a complete
fleet management solution which includes funding, servicing,
maintenance, repairs, MOTs, mobile support, accident management,
leasing, rentals and custom design services. Rivus has a unique and
distinguished heritage in building and supplying vehicles to suit
specific operational needs across a wide range of sectors,
including utilities, infrastructure, logistics, public sector,
construction and facility management. All vehicle types are
available and fully supported, including alternative fuel
technologies. Rivus website LinkedIn
Forward Looking Statements
This press release includes forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
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.
Forward-looking statements are statements that are not historical
facts. 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 platform and manufacturing contracts with Magna, or
other OEMs or tier-one suppliers in order to execute on its
business plan; 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; the ability to
protect its intellectual property rights; and those factors
discussed in Fisker’s Form 8-K filed with the Securities and
Exchange Commission on November 4, 2020 under the heading “Risk
Factors” 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201207005325/en/
Fisker Inc. Simon Sproule, SVP, Communications 310.374.6177 /
Fisker@GoDRIVEN360.com
Dan Galves, VP, Investor Relations dgalves@fiskerinc.com
FiskerIR@icrinc.com
Fisker (NYSE:FSR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fisker (NYSE:FSR)
Historical Stock Chart
From Sep 2023 to Sep 2024