(Reuters) - Fisker (OTC:FSRN) said on Wednesday it was recalling more than 18,000 cars in North America and Europe due to faulty software and non-compliance with safety standards, in the latest setback for the cash-strapped electric-vehicle startup.
The Manhattan Beach, California-based company is "voluntarily recalling" 11,201 Fisker Oceans in the U.S., Canada, and Europe to fix software issues that may cause the vehicle to enter a safe state protection mode, potentially leading to a loss of motor power.
It is also recalling 6,864 Fisker Oceans in the U.S. as they do not meet Federal Motor Vehicle Safety Standards (FMVSS) for gauges and telltale icons in the cluster display. It is also recalling 281 of the vehicles in Canada.
The startup plans to resolve the issues through an over-the-air update to its Ocean OS vehicle software by June 30.
Vehicles that have already updated to the latest version of the software are not affected by the recall action, it said.
Fisker's Ocean SUV, its only model in production currently, is being investigated by the U.S. National Highway Traffic Safety Administration for four safety-related incidents.
The latest probe, announced last month, is looking into complaints about its automatic emergency braking system being activated inadvertently.
Its Austrian unit filed for bankruptcy protection in May even as the cash-strapped EV startup is looking for investment options after talks for a potential investment with a major automaker collapsed.