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Fisker Exceeded Targeted Assembly Rate Of 80 Units Per Day At The End Of June
(RTTNews) - Electric vehicles maker Fisker, Inc. (FSR) announced Friday its vehicle production volume for the second quarter of 2023.
In the second quarter of this year, 1,022 of the class-leading Fisker Ocean SUVs were produced in Austria for customers as well as marketing and engineering purposes.
Fisker said it exceeded its targeted assembly rate of 80 units per day at the end of June and expects vehicles produced to exceed 1,400 in early July.
Looking ahead, Fisker is investing in additional battery pack capacity to protect the compressed manufacturing timeline this year and support higher volumes than originally anticipated next year.
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Fisker Says It Is Fully Cooperating With NHTSA On Reported Braking Issues
Fisker Inc. (FSR) said Friday reacted to the National Highway Traffic Safety Administration (NHTSA) Office of Defects Investigation's (ODI) Preliminary Evaluation of reported braking issues with the 2023 Fisker Ocean saying, "Fisker is fully cooperating with NHTSA on this matter."
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628 days ago
New Zealand Cuts Rate By 50 Bps; Signals More Easing
The Reserve Bank of New Zealand reduced its benchmark rate at a steeper-than-expected pace on Wednesday and signaled further reductions. The Monetary Policy Committee, chaired by Christian Hawkesby, decided to cut the overnight cash rate by 50 basis points to 2.50 percent, the lowest since July 2022. The reduction was steeper than the quarter-point cut anticipated by economists.
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22 minutes ago
European Economic News Preview: German Industrial Output Data Due
Industrial production from Germany is set to be released on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis publishes Germany's industrial output data for August. Output is expected to fall 1.0 percent month-on-month, in contrast to the 1.3 percent increase in July.
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2h 17min ago
European Shares Likely To Open On Firm Note
European stocks are seen opening broadly higher on Wednesday as investors digest mixed remarks from Fed officials and await the minutes of the of the Federal Reserve's latest monetary policy meeting for additional clues on the size and pace of rate cuts in the months ahead.
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2h 34min ago
Sensex, Nifty Open Higher In Cautious Trade; IT Stocks Lead Gains
Indian shares opened on a positive note on Wednesday despite weak cues from global markets and caution ahead of the September-quarter earnings season.
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3h 41min ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 8,950 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, energy and financial stocks.
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4h 38min ago
Asian Markets Track Wall Street Lower
Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as some traders booked some profits following recent strength in the markets. The lack of data amid the U.S. government shutdown has led to uncertainty about the outlook for interest rates, although the US Fed is widely expected to cut rates by another quarter point later this month.
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5h 2min ago
Sensex, Nifty Set For Muted Start
Indian shares are seen opening flat to slightly lower on Wednesday as investors react to weak cues from global markets and await cues from the upcoming September-quarter earnings season.
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5h 32min ago
