Archive | faraday future

Former Faraday Future Backer Pivots to Zombie Saab

We have a new contender for Wildest Decision Maker In The Global Auto Industry and it’s Evergrande Health. Fresh from hopping out of being the backer of Faraday Future, Evergrande just dropped $930 million to take control of another electric vehicle company: NEVS. That’s right. Zombie Saab. It’s like the Recession…Read more… Continue Reading at […]

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Faraday Future Laughs in the Face Of Death, Is Now Free to Secure New Investment

The tumultuous legal battle between Faraday Future and its main investor, Evergrande, which halted Faraday’s plans of delivering its FF91 to customers in December and led to layoffs and wage cuts for employees, according to the Verge, has ended amid plans to restructure the deal between the two companies,Read more… Continue Reading at https://jalopnik.com

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Faraday Frozen: CEO’s Ownership Stake and Mansions On Freeze Pending Lawsuit

A Chinese company alleging that Faraday Future CEO Jia Yueting owes it $11 million for an overdue loan from 2016 convinced a California district court judge to freeze his ownership stake in the electric car startup, as well as four of his U.S. mansions, The Verge reports.Read more… Continue Reading at https://jalopnik.com

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The War Between Faraday Future and Its Ex-CFO Is Somehow Getting Even Uglier

Even as electric car startup Faraday Future has been inching closer to making a production car, its ongoing legal skirmish with a former executive is continuing to get worse. On Thursday, the former executive’s new startup sued Faraday, claiming its employment agreements violate California state law by preventing…Read more… Continue Reading at https://jalopnik.com

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Faraday Future FF 91 Production Officially Begins for December Deliveries

When we last left off from the Faraday Future saga, we learned that the company had been awarded a temporary certificate of occupancy at its Hanford, California factory. Following that, it seems like production has indeed begun, with the company announcing its first complete FF 91 body-in-white.Read more… Continue Reading at https://jalopnik.com

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Faraday Future Wants Its First Production Car to Have 1,089 HP 

Despite its very harsh ups and downs in recent years, Faraday Future has somehow ended up with a $2 billion lifeline to see through the making of its first production vehicle, the all-electric FF 91. The startup has said it’ll happen at some point this year, but a new document filed with the federal government…Read […]

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Faraday Future CEO Accused Of Setting Up ‘Hundreds’ Of Shell Companies To ‘Escape Debts’ In Lawsuit

After a rocky few years, would-be electric startup Faraday Future started 2018 on what seemed to be the most solid footing it has had since launching its ambitious electric vehicle project. The company reported $2 billion in new financing, and it’s working fast to build out a factory in California, breaking ground…Read more… Continue Reading […]

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Faraday Future Could Actually Make A Production Car By The End Of 2018

When we caught up with Faraday Future at this year’s CES conference, the electric car startup said it planned to build its first production cars by the end of 2018. Surprisingly, after a rocky three-year start, the company appears on its way to making that happen. There’s a caveat, of course. Read more… Continue Reading […]

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Faraday Future Paid Its Execs Well While Nearly Going Bankrupt 

Late last month, the seemingly incapable-of-escaping-trouble electric car startup Faraday Future filed a lawsuit against a new rival helmed by its former chief financial officer, Stefan Krause. This week, Krause’s company fired back, and, consequently, revealed just how much top FF execs earned while the company…Read more… Continue Reading at http://jalopnik.com

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Now Faraday Future Claims Ex-CFO Stole ‘Trade Secrets’ And Employees 

Perpetually troubled electric car startup Faraday Future filed a lawsuit on Monday against the company’s former chief financial officer, Stefan Krause, alleging that he stole a number of trade secrets and improperly solicited employees to join him at a new startup.Read more… Continue Reading at http://jalopnik.com

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Faraday Future Demands ‘Loyalty’ And No ‘Negativity’ As It Fires HR Chief

Faraday Future kicked off 2018 with a low-key appearance at this year’s Consumer Electronics Show and a few promo videos shot by popular YouTube stars the company paid to review its prototype. The company supposedly has $1 billion in new funding, but it’s still having problems: It’s head of HR is out, according to The […]

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The Chinese Company Behind Volvo’s Turnaround Just Put $3 Billion Into Volvo Trucks

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are all of the top stories of the car world, stories that should hopefully distract you from news of possible impending doom for bananas. Sorry, sorry, back to cars.Read more… Continue Reading […]

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Faraday Future’s Boss Ordered To Return To China To Address His Mountain Of Debt: Report

If recent reports are accurate, electric car startup Faraday Future recently netted a $1 billion investment and, in turn, named Chinese tech entrepreneur Jia Yueting its CEO. But by the end of 2017, Jia needs to return to China to sort out a mountain of debt his other companies have accrued, according to Reuters.Read more… […]

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