Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Faraday Future’s path to glory has been complicated to say the least. A series of ludicrously ambitious moves have been plighted with failure, followed by renewed hopes that were ultimately dashed. Incredibly, the aspiring automaker still exists and intends to begin production of its first electric vehicle once its money troubles are over. Unfortunately, the […]
[unable to retrieve full-text content] Filed under: Green,Electric,Future EV automakers’ contractors are looking to be paid Continue reading Faraday Future lays off part of its workforce, cuts wages of the rest Faraday Future lays off part of its workforce, cuts wages of the rest originally appeared on Autoblog on Mon, 22 Oct 2018 18:13:00 EDT. […]
Following a previous article about Faraday Future, the manufacturer reached out to yours truly to clarify a few things. First of all, the company deemed the headline and body a bit “jagged.” Understandable, as no manufacturer wants to be called “America’s Worst Automaker” by some bespectacled creep sitting behind a keyboard. Faraday’s spokesperson also noted […]
Faraday Future’s summer fling with Chinese real estate group Evergrande, which invested $ 800 million into the company last June, appears to be over. The “automaker” is allegedly trying to back out of its arrangement after its CEO and founder, Jia Yueting, requested an additional $ 700 million in funding. The official deal calls for another $ 1.2 […]
Take the following information with a golf ball-sized grain of salt. Faraday Future, the automotive startup that’s been teetering on the verge of collapse for years, says deliveries of the FF 91 will begin in December. Despite being ghost-funded by a Chinese billionaire who’s been blacklisted due to unpaid debts, losing a factory deal with the State […]
Faraday Future’s executive exodus last fall was bad enough, but the departure of one exec may have been particularly troublesome. The electric car startup has filed a lawsuit alleging that former CFO Stefan Krause stole trade secrets and poached staff as he left to form a startup, Evelozcity. Reportedly, Krause was quietly working at both […]
Faraday Future, the futuristic automaker intent to take on Elon Musk-led Tesla Motors, says it has secured at least $ 1 billion in new investment, though details are scarce. Main backer Jia Yueting is also reportedly taking over as CEO of the frequently troubled electric vehicle maker. The investment was announced at a December 13th […]
We’ve been seeing a lot of signs that Faraday Future is in trouble. Since the clumsy introduction of the FF91 at CES last year, the startup has cancelled its ambitious factory plans, reportedly missed payments, and suffered the departure of numerous executives. It shouldn’t come as a surprise that the company has some internal problems, […]
Dump out your snacks, block your boss’ tracker. (credit: Doctorhawkes – camera, CC BY-SA 4.0, https://en.wikipedia.org/w/index.php?curid=53235787) A 60-year-old electrician in Perth, Western Australia had his termination upheld by a labor grievance commission when it was determined he had been abusing his position and technical knowledge to squeeze in some recreation during working hours. Tom Colella […]
Faraday Future is having a tough year. The electric automotive startup began 2017 cutting its planned 7-car line down to 2 vehicles before scaling down the size of – and then suspending – a planned $ 1 billion Nevada production facility. Today brings more woes, as news emerged that three top executives are leaving or […]
