Fisker halts work on new EV models until it finds more money

Fisker has announced its future plans alongside preliminary 2023 and Q4 earnings, and it's not looking great for the EV manufacturer. The company plans to lay off 15 percent of its workforce — nearly 200 people — as it shifts from a direct-to-consumer to a Dealer Partner model. The company is halting all investments in upcoming models and will resume only if in partnership with another automaker.

The company's fourth-quarter revenue increased to $200.1 million from $128.3 million in Q3. However, its gross margin was negative 35 percent, and it lost $1.23 per share. Its sole EV on the market, the Ocean SUV, also had 10,193 units produced but 4,929 vehicles delivered.

The automaker first introduced its pivot to a Dealer Partner Model in January and claims it has received interest from 250 dealers across North America and Europe, along with 13 signed agreements. "We are aware that the industry has entered a turbulent, and unpredictable period," Henrik Fisker, chairman and CEO of Fisker, said in a statement. "With that understanding and taking the lessons learned from 2023, we have put a plan in place to streamline the company as we prepare for another difficult year. We have adjusted our outlook for 2024 to be much more conservative than in 2023." The company plans to deliver between 20,000 and 22,000 Ocean models across the world. 

Fisker is currently negotiating with "a large automaker" for an investment and joint production of future EVs. This means that previously announced vehicle production, such as the Alaska EV pickup with humungous cup holders and a designated cowboy hat space, will be on hold indefinitely. Fisker originally planned to start production on the Alaska EV pickup in early 2025. 

This article originally appeared on Engadget at https://www.engadget.com/fisker-halts-work-on-new-ev-models-until-it-finds-more-money-140050091.html?src=rss

Fisker halts work on new EV models until it finds more money

Fisker has announced its future plans alongside preliminary 2023 and Q4 earnings, and it's not looking great for the EV manufacturer. The company plans to lay off 15 percent of its workforce — nearly 200 people — as it shifts from a direct-to-consumer to a Dealer Partner model. The company is halting all investments in upcoming models and will resume only if in partnership with another automaker.

The company's fourth-quarter revenue increased to $200.1 million from $128.3 million in Q3. However, its gross margin was negative 35 percent, and it lost $1.23 per share. Its sole EV on the market, the Ocean SUV, also had 10,193 units produced but 4,929 vehicles delivered.

The automaker first introduced its pivot to a Dealer Partner Model in January and claims it has received interest from 250 dealers across North America and Europe, along with 13 signed agreements. "We are aware that the industry has entered a turbulent, and unpredictable period," Henrik Fisker, chairman and CEO of Fisker, said in a statement. "With that understanding and taking the lessons learned from 2023, we have put a plan in place to streamline the company as we prepare for another difficult year. We have adjusted our outlook for 2024 to be much more conservative than in 2023." The company plans to deliver between 20,000 and 22,000 Ocean models across the world. 

Fisker is currently negotiating with "a large automaker" for an investment and joint production of future EVs. This means that previously announced vehicle production, such as the Alaska EV pickup with humungous cup holders and a designated cowboy hat space, will be on hold indefinitely. Fisker originally planned to start production on the Alaska EV pickup in early 2025. 

This article originally appeared on Engadget at https://www.engadget.com/fisker-halts-work-on-new-ev-models-until-it-finds-more-money-140050091.html?src=rss

Engadget Podcast: Farewell, Apple Car

This week, Cherlynn and Devindra discuss some of the editorial changes happening at Engadget. We’ve lost some amazing colleagues, but we’re still here aiming to deliver the best tech coverage possible. As for this week’s news, we chat about the reported death of Apple’s “Project Titan” EV car project. It never felt quite real, but it still would have been fun to see.

Here’s a hot take: Maybe the Apple Car felt redundant since Tesla basically built it already. Say what you will about Elon Musk today, but Tesla certainly disrupted the car industry in all of the ways we’d expect Apple to. Agree? Disagree?


Listen below or subscribe on your podcast app of choice. If you've got suggestions or topics you'd like covered on the show, be sure to email us or drop a note in the comments! And be sure to check out our other podcast, Engadget News!

Topics

  • What happened with Engadget last week: layoffs and our continued commitment to tech journalism – 0:31

  • RIP Apple Car 2014-2024 – 9:11

  • Nintendo’s successor to the Switch delayed to 2025 – 21:53

  • Microsoft opens more Xbox exclusives to PS5 and Switch – 25:24

  • Google renames AI suite, ends up in hot water over image generation – 33:47

  • Pop culture picks – 43:21

Subscribe!

Credits
Hosts: Cherlynn Low and Devindra Hardawar
Producer: Ben Ellman
Music: Dale North and Terrence O'Brien

This article originally appeared on Engadget at https://www.engadget.com/engadget-podcast-farewell-apple-car-133039218.html?src=rss

Engadget Podcast: Farewell, Apple Car

This week, Cherlynn and Devindra discuss some of the editorial changes happening at Engadget. We’ve lost some amazing colleagues, but we’re still here aiming to deliver the best tech coverage possible. As for this week’s news, we chat about the reported death of Apple’s “Project Titan” EV car project. It never felt quite real, but it still would have been fun to see.

Here’s a hot take: Maybe the Apple Car felt redundant since Tesla basically built it already. Say what you will about Elon Musk today, but Tesla certainly disrupted the car industry in all of the ways we’d expect Apple to. Agree? Disagree?


Listen below or subscribe on your podcast app of choice. If you've got suggestions or topics you'd like covered on the show, be sure to email us or drop a note in the comments! And be sure to check out our other podcast, Engadget News!

Topics

  • What happened with Engadget last week: layoffs and our continued commitment to tech journalism – 0:31

  • RIP Apple Car 2014-2024 – 9:11

  • Nintendo’s successor to the Switch delayed to 2025 – 21:53

  • Microsoft opens more Xbox exclusives to PS5 and Switch – 25:24

  • Google renames AI suite, ends up in hot water over image generation – 33:47

  • Pop culture picks – 43:21

Subscribe!

Credits
Hosts: Cherlynn Low and Devindra Hardawar
Producer: Ben Ellman
Music: Dale North and Terrence O'Brien

This article originally appeared on Engadget at https://www.engadget.com/engadget-podcast-farewell-apple-car-133039218.html?src=rss

The Morning After: Your cheap video doorbell may have serious security issues

Video doorbells manufactured by a Chinese company called Eken, sold under different brands for around $30 each, have serious security issues, according to Consumer Reports. These doorbell cameras are sold on Walmart, Sears and even with an Amazon Choice badge on Amazon.

As is often the case with basic technology products, the device is available under multiple brands, including Eken, Tuck, Fishbot, Rakeblue, Andoe, Gemee and Luckwolf, among others. Most pair with an app called Aiwitt.

TMA
Amazon

These devices aren’t encrypted and can expose the user’s home IP address and WiFi network name to the internet, making it easy for scumbags to gain entry. Worse, somebody could easily take control of it by creating an account on the Aiwit app, going up to the doorbell and then pressing a button to put it into pairing mode, which then connects it with their phone.

Worse still, even if the original owner regains control, the hijacker can still get time-stamped images from the doorbell, as long as they know its serial number.

There’s no way to protect yourself if you do own this doorbell series. Temu told Consumer Reports it’s looking into the issue. Amazon, Sears and Shein reportedly didn’t respond.

— Mat Smith

The biggest stories you might have missed

Microsoft plans to streamline game upscaling across different graphics cards

The best DACs for Apple Music Lossless

This week’s gaming news: layoffs and weird PR emails

​​You can get these reports delivered daily direct to your inbox. Subscribe right here!

Dell XPS 16 laptop review

Beauty and power come at a cost.

TMA
Engadget

The XPS 16 stands out from most other large laptops by combining power and beauty. But you’ll have to suffer through some usability tradeoffs. For example, the XPS 16’s invisible trackpad, a lovely divisive design feature, is still annoying and not for everyone. A lack of ports counteracts that minimalist design. (No HDMI, no SD card reader.)

Continue reading.

UK government wants to use AI to cut civil service jobs

That's not a typo.

The UK government is actively promoting the use of AI to do the work normally done by civil servants, including drafting responses to parliamentary inquiries, the Financial Times reports.

UK Deputy Prime Minister Oliver Dowden will unveil a red box tool that can allegedly absorb and summarize information from reputable sources, like the parliamentary record. A separate instrument is also being trialed that should work for individual responses to public consultations. The Telegraph quoted Dowden arguing that implementing AI technology is critical to cutting civil service jobs — something he wants to do. “It really is the only way, I think, if we want to get on a sustainable path to headcount reduction.”

Continue reading.

Meta is killing the Facebook News tab in the US and Australia

The tab is already gone in the UK, France and Germany.

In early April, the Facebook News tab will disappear for users in the US and Australia. Meta has announced it’s pulling the dedicated tab to “align [its] investments to [its] products and services people value the most.” Meta added that the number of people using the News tab in the US and Australia over the past year has dropped by 80 percent.

By pulling the News tab in Australia, the company will stop paying publishers in the country for their content after their current deals end. A few years ago, Facebook blocked Australian news links in response to the then-proposed law requiring companies like Meta to pay media organizations for their content. The company unblocked news links just a few days after striking deals with Australian media organizations.

Continue reading.

This article originally appeared on Engadget at https://www.engadget.com/the-morning-after-your-cheap-video-doorbell-may-have-serious-security-issues-121525353.html?src=rss

The Morning After: Your cheap video doorbell may have serious security issues

Video doorbells manufactured by a Chinese company called Eken, sold under different brands for around $30 each, have serious security issues, according to Consumer Reports. These doorbell cameras are sold on Walmart, Sears and even with an Amazon Choice badge on Amazon.

As is often the case with basic technology products, the device is available under multiple brands, including Eken, Tuck, Fishbot, Rakeblue, Andoe, Gemee and Luckwolf, among others. Most pair with an app called Aiwitt.

TMA
Amazon

These devices aren’t encrypted and can expose the user’s home IP address and WiFi network name to the internet, making it easy for scumbags to gain entry. Worse, somebody could easily take control of it by creating an account on the Aiwit app, going up to the doorbell and then pressing a button to put it into pairing mode, which then connects it with their phone.

Worse still, even if the original owner regains control, the hijacker can still get time-stamped images from the doorbell, as long as they know its serial number.

There’s no way to protect yourself if you do own this doorbell series. Temu told Consumer Reports it’s looking into the issue. Amazon, Sears and Shein reportedly didn’t respond.

— Mat Smith

The biggest stories you might have missed

Microsoft plans to streamline game upscaling across different graphics cards

The best DACs for Apple Music Lossless

This week’s gaming news: layoffs and weird PR emails

​​You can get these reports delivered daily direct to your inbox. Subscribe right here!

Dell XPS 16 laptop review

Beauty and power come at a cost.

TMA
Engadget

The XPS 16 stands out from most other large laptops by combining power and beauty. But you’ll have to suffer through some usability tradeoffs. For example, the XPS 16’s invisible trackpad, a lovely divisive design feature, is still annoying and not for everyone. A lack of ports counteracts that minimalist design. (No HDMI, no SD card reader.)

Continue reading.

UK government wants to use AI to cut civil service jobs

That's not a typo.

The UK government is actively promoting the use of AI to do the work normally done by civil servants, including drafting responses to parliamentary inquiries, the Financial Times reports.

UK Deputy Prime Minister Oliver Dowden will unveil a red box tool that can allegedly absorb and summarize information from reputable sources, like the parliamentary record. A separate instrument is also being trialed that should work for individual responses to public consultations. The Telegraph quoted Dowden arguing that implementing AI technology is critical to cutting civil service jobs — something he wants to do. “It really is the only way, I think, if we want to get on a sustainable path to headcount reduction.”

Continue reading.

Meta is killing the Facebook News tab in the US and Australia

The tab is already gone in the UK, France and Germany.

In early April, the Facebook News tab will disappear for users in the US and Australia. Meta has announced it’s pulling the dedicated tab to “align [its] investments to [its] products and services people value the most.” Meta added that the number of people using the News tab in the US and Australia over the past year has dropped by 80 percent.

By pulling the News tab in Australia, the company will stop paying publishers in the country for their content after their current deals end. A few years ago, Facebook blocked Australian news links in response to the then-proposed law requiring companies like Meta to pay media organizations for their content. The company unblocked news links just a few days after striking deals with Australian media organizations.

Continue reading.

This article originally appeared on Engadget at https://www.engadget.com/the-morning-after-your-cheap-video-doorbell-may-have-serious-security-issues-121525353.html?src=rss

X reinstates policy against deadnaming and misgendering

X has updated its abuse and harassment page in January, and it has added a new section that explains its new rule against intentionally using the wrong pronouns for a person or using a name they no longer go by. As noticed by Ars Technica, the new section entitled "Use of Prior Names and Pronouns" states that the service will "reduce the visibility of posts" that use pronouns for a person different from what they use for themselves and those who are now using a different name as part of their transition. 

The social networking service formerly known as Twitter removed its longtime policy against deadnaming and misgendering transgender individuals just as quietly back in April 2023. GLAAD CEO Sarah Kate Ellis said at the time that X's decision was "the latest example of just how unsafe the company is for users and advertisers alike." It's worth noting that Elon Musk, the website's owner, has a history of liking and sharing anti-trans posts and talking points. 

Under the new policy, X will only act on a post if it hears from the target themselves "given the complexity of determining whether such a violation has occurred." That puts the onus on the target who might end up being blamed for not reporting if they choose to distance themselves from the abuse. Jenni Olson, GLAAD's senior director of social media safety, told Ars that the organization doesn't recommend self-reporting for social media platforms. Still, policies clearly prohibiting the deadnaming and misgendering of trans people are still better than vague ones that don't clarify whether or not they're in violation of a platform's rules, Olson said. 

X reduces the visibility of posts by removing them from search results, home timelines, trends and notifications. These posts will also be downranked in the replies section and can only be discovered through the authors' profiles. Finally, they will not be displayed on the X website or app with ads adjacent to them, which could prevent a repeat of the ad revenue losses the company suffered last year. In late 2023, advertisers pulled their campaigns from the website just before the holidays after Media Matters published a report showing ads on the website right next to antisemitic content.

This article originally appeared on Engadget at https://www.engadget.com/x-reinstates-policy-against-deadnaming-and-misgendering-114608696.html?src=rss

X reinstates policy against deadnaming and misgendering

X has updated its abuse and harassment page in January, and it has added a new section that explains its new rule against intentionally using the wrong pronouns for a person or using a name they no longer go by. As noticed by Ars Technica, the new section entitled "Use of Prior Names and Pronouns" states that the service will "reduce the visibility of posts" that use pronouns for a person different from what they use for themselves and those who are now using a different name as part of their transition. 

The social networking service formerly known as Twitter removed its longtime policy against deadnaming and misgendering transgender individuals just as quietly back in April 2023. GLAAD CEO Sarah Kate Ellis said at the time that X's decision was "the latest example of just how unsafe the company is for users and advertisers alike." It's worth noting that Elon Musk, the website's owner, has a history of liking and sharing anti-trans posts and talking points. 

Under the new policy, X will only act on a post if it hears from the target themselves "given the complexity of determining whether such a violation has occurred." That puts the onus on the target who might end up being blamed for not reporting if they choose to distance themselves from the abuse. Jenni Olson, GLAAD's senior director of social media safety, told Ars that the organization doesn't recommend self-reporting for social media platforms. Still, policies clearly prohibiting the deadnaming and misgendering of trans people are still better than vague ones that don't clarify whether or not they're in violation of a platform's rules, Olson said. 

X reduces the visibility of posts by removing them from search results, home timelines, trends and notifications. These posts will also be downranked in the replies section and can only be discovered through the authors' profiles. Finally, they will not be displayed on the X website or app with ads adjacent to them, which could prevent a repeat of the ad revenue losses the company suffered last year. In late 2023, advertisers pulled their campaigns from the website just before the holidays after Media Matters published a report showing ads on the website right next to antisemitic content.

This article originally appeared on Engadget at https://www.engadget.com/x-reinstates-policy-against-deadnaming-and-misgendering-114608696.html?src=rss

Meta is killing the Facebook News tab in the US and Australia

In early April, the Facebook News tab will start disappearing for users in the US and Australia. Meta has announced that it's deprecating the dedicated tab found in the bookmarks section of its social network as part of its efforts to "align [its] investments to [its] products and services people value the most." The company already retired the News tab in the UK, France and Germany in early December 2023, explaining that it's funneling its resources to other things that people want to see more of, such as short form videos. 

In Meta's new post, it said the number of people using the News tab in the US and Australia over the past year has dropped by 80 percent. News makes up less than three percent of what users see on Facebook apparently, and it's just not a big part of their experience. "We know that people don’t come to Facebook for news and political content — they come to connect with people and discover new opportunities, passions and interests," the company wrote. 

By pulling the News tab in Australia, the company will also stop paying publishers in the country for their content after their current deals end. A few years ago, Facebook blocked news links in the country in response to the then-proposed law that would require companies like Meta to pay media organizations for their content. The company unblocked news links just a few days later after it started striking deals with Australian media organizations.

According to The Age, the Australian Competition and Consumer Commission believes that Google and Meta inked deals with dozens of outlets, including Guardian Australia and News Corp Australia, worth about $200 million a year. Meta is responsible for around one-third or $66 million of that total amount, meaning its decision is bound to have a huge impact on the news business in the country. And there seems to be no room for negotiation: The company made it clear in its announcement that it's not going to enter new commercial deals for traditional news content in any of the regions where it has already removed the News tab. 

Meta has not blocked news links in the aforementioned countries, however, and Facebook users can still access any that's been posted on the social network. Publishers can also continue posting links to their stories on their official pages as usual. 

This article originally appeared on Engadget at https://www.engadget.com/meta-is-killing-the-facebook-news-tab-in-the-us-and-australia-082750820.html?src=rss

Meta is killing the Facebook News tab in the US and Australia

In early April, the Facebook News tab will start disappearing for users in the US and Australia. Meta has announced that it's deprecating the dedicated tab found in the bookmarks section of its social network as part of its efforts to "align [its] investments to [its] products and services people value the most." The company already retired the News tab in the UK, France and Germany in early December 2023, explaining that it's funneling its resources to other things that people want to see more of, such as short form videos. 

In Meta's new post, it said the number of people using the News tab in the US and Australia over the past year has dropped by 80 percent. News makes up less than three percent of what users see on Facebook apparently, and it's just not a big part of their experience. "We know that people don’t come to Facebook for news and political content — they come to connect with people and discover new opportunities, passions and interests," the company wrote. 

By pulling the News tab in Australia, the company will also stop paying publishers in the country for their content after their current deals end. A few years ago, Facebook blocked news links in the country in response to the then-proposed law that would require companies like Meta to pay media organizations for their content. The company unblocked news links just a few days later after it started striking deals with Australian media organizations.

According to The Age, the Australian Competition and Consumer Commission believes that Google and Meta inked deals with dozens of outlets, including Guardian Australia and News Corp Australia, worth about $200 million a year. Meta is responsible for around one-third or $66 million of that total amount, meaning its decision is bound to have a huge impact on the news business in the country. And there seems to be no room for negotiation: The company made it clear in its announcement that it's not going to enter new commercial deals for traditional news content in any of the regions where it has already removed the News tab. 

Meta has not blocked news links in the aforementioned countries, however, and Facebook users can still access any that's been posted on the social network. Publishers can also continue posting links to their stories on their official pages as usual. 

This article originally appeared on Engadget at https://www.engadget.com/meta-is-killing-the-facebook-news-tab-in-the-us-and-australia-082750820.html?src=rss