Fisker Automotive has slashed its 2023 production guidance due to delivery issues and weak internal controls. The company now expects to produce 13,000 to 17,000 electric vehicles in 2023, down from its previous projection of 20,000 to 23,000 vehicles.
This decision aims to prevent excessive inventory and improve working capital management. Despite the negative impact on the stock market, Fisker's CFO emphasized the long-term responsibility of this move.
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