EV brand cuts price of flagship SUV model 

Fisker, which was launched in 2016 by Danish car designer Henrik Fisker, is facing uncertainty after a torrid year saw its shares drop by over 99%, resulting in it being delisted from the New York Stock Exchange.

Now, in a bid to drive demand, the brand has taken the scissors to suggested prices across its lineup.

This includes its Ocean SUV model being knocked down by up to a whopping £15,000.

That reduction is set to bring the price down to £30,900.

Even the range-topping Ocean Extreme has gone under the knife, with a £15,000 cut to £43,990, which is less than the base-level Tesla Model Y.

And the mid-level Ultra version has declined from £50,900 to £38,900.

The smallest price cut, just £6,000, was reserved for the entry-level Ocean Sport, which now costs just £30,900.