i caught up with henrik fisker, chairman, ceo and founder of fisker, after he rang the bell at the nysenrik: i think we actually in my opinion, are at maybe just a high point of the recession. i don't think we are going into a recession. i think we are in the middle of it and getting out of it. i can really feel that when we talk to our suppliers. they are getting people back into their facilities. we have had a rough time getting all of our suppliers lined up. we have managed it together with the powerhouse in the automotive industry. we are taking a cautious approach. we are only making 300 vehicles in q1 next year. then jumping really fast up to 8000. the reason for the 300 is because we want to make sure all of our suppliers come with us. what we are actually are seeing is our supply chain are very good. it has been tough. but they are there and they are with us. ed: small volume of vehicles in q1. are these vehicles coming here to the united states? and how does the in fisker -- the infrastructure look to service the early customers? how do they take delivery, what happens if the c

i talked to henrik fisker. he believes that begins now. they will start delivers early next year. joumanna, it is a ramp in production they plan to build 42,000 ocean suvs here in austria next year that is an increase in production dra matically. we may have a better sense of when fisker will go from losing money to making money. joumanna, back to you. >> thanks for the report, phil i'm interested to see they are rolling out with an suv. it feels like we have right now a lot of options in non-suv space. how much of a market niche are they tapping into with that rollout? >> reporter: that's the idea here there are not many electric suvs on the market. there are a few. what they believe is that is the sweet spot of the market especially in north america. they are popular there are not many ev options. we see them coming from ford and gm and other automakers. rivian will have an suv next year henrik fisker said come out with an suv and base price of $38,000 in the u.s the second model pear, is designed for mass sales. we are a way from that happening. here we are at the start of ocea

henrik fisker. congratulations.rt of production of the ocean at the plant in graz, austria. >> thanks, phil. nice gig if you can get it austria. that's pretty cool he's doing other things. i'm sure >>> we have sri-kumar joining us next to talk about the squeeze on inflation get the best of "squawk box" in our daily podcast. follow us on your favorite podcast app. it rs ouunabt 12 seconds most days we'll be right back. >>> a couple of widely watched recession indicators were flashing yesterday in the bond market for more on that, let's bring in sri-kumar. a lot has happened the last time we spoke, sri. i'm talk about the inflation numbers we saw the cpi and the producer price index numbers were cooler than people thought i think last time you were on, i think 4 might have been the top of the 10-year, but arresting spot for a while, i thought. >> i said to you last time that around 4 would be the ceiling for the 10-year. it could go to a 4.25 or 4.30. around 5% is where we settle i still believe that i said that to yo

is it up to fisker, is it up to magna? henriks about magna, they have been in training mode for the last nine months. we have already built over 100 vehicles at magna, training, training, training. we talk about start of production, it is not like other ev makers that start production way ahead of when they are really ready. in our case, magna is charging a small amount for the actual manufacturing. once we start production, they have to be super efficient, make high quality cars, they go through to quality checks. i am very confident if there is an issue, we handle it with our partners with bridgestone as well as our service centers. we are very well-equipped to handle anything should it happen. guy: if i am a u.s. manufacturer, good morning, it is guy, nice to have you on the show, if i am a u.s. manufacturer and i build a car, my customers get an incentive to buy that car. you build in austria, is that a problem for you being competitive in the united states? how are you going to get around that? henrik: we took a window of on