Fisker Eyes Increase In Spending To Between $490M and $530M This Year

Los Angeles-based electric automaker Fisker, Inc.--the latest incarnation of Fisker Automotive--says it expects to have operating expenses of between $490M and $530M this year, as it looks to deliver its first product to market. The company said the spending is due to R&D spending on prototypes for its Ocean SUV. Fisker recently hit the public markets via a special purpose acquisition company (SPAC), even as it has yet to start shipping its vehicles.