Popular EV brand cuts price of flagship SUV model by £15,000 – but it comes with a warning

A POPULAR EV brand has slashed the price of its flagship SUV model by £15,000 - but it comes with a warning.

The company has trimmed as much as 30% off the value of its latest models amid financial troubles.

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.

However, the new offer does come with a warning that, due to the manufacturer's unclear future, aftermarket support is "not guaranteed".

A notice from the company read: "Due to the current economic situation of the manufacturer Fisker Group Inc. and the Fisker sales companies in Europe, there is a risk of limited support and limited services for the vehicles.

"Buyers must expect a permanent loss of the enforceability of claims for material defects and warranty claims.

"By concluding a vehicle purchase contract after April 5, 2024, the buyer of a Fisker Ocean declares that he has been informed accordingly and nevertheless wishes to purchase a Fisker Ocean in view of the risk described."

It comes as Fisker failed to secure fresh financial backing after talks with an unnamed major car brand fell through.

The price cuts will only apply to already-made Ocean models and production at the company's Austrian plant has been paused amid reports of a potential bankruptcy.

Meanwhile, experts have revealed the four best family cars you can pick up for under £5,000 in 2024.