Electric-car startup Faraday Future signs lease on California factory site

Faraday Future, the electric-car startup that is developing a 1,000-horsepower, self-driving SUV, has signed a lease on what it says will be its future assembly plant. The site, a one-million square-foot building located about 40 miles south of Fresno, California, in the city of Hanford, was one of several sites Faraday had been scouting after […]

California orders Volkswagen to build more electric-car charging stations in poor neighborhoods

REUTERS/Kim Hong-Ji California legislators on Thursday tightened rules requiring Volkswagen to spend a portion of clean car infrastructure funds in disadvantaged communities, passing a bill as part of a budget package agreed with Governor Jerry Brown. The German automaker previously agreed to support clean vehicles by spending $ 800 million in California, part of a total […]

Cash-strapped electric-car startup Faraday Future is bringing in a BMW veteran to get its finances in order

Faraday Future Faraday Future, the struggling tech startup that seeks to build autonomous, electric vehicles is bringing on a Deutsche Bank and BMW veteran to, among other things, help the company sort out its finances. Faraday announced Stefan Krause’s hiring in a press release this week. Krause will serve as global chief financial officer for […]