Archive | faraday future

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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Faraday Future Claims It Pulled $1 Billion Out Of Its Ass

Faraday Future founder Jia Yueting has reportedly managed to suddenly raise $1 billion in funding for the company and will take over as CEO, following reports that Yueting had been blacklisted by the Chinese government and his company was edging towards bankruptcy. This all seems totally legitimate so far.Read more… Continue Reading at http://jalopnik.com

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Faraday Future Boss Accused Of Making $75 Million Trust Fund For His Kids With Company Money

Electric car startup Faraday Future is closing out 2017 in a very precarious position, something The Verge captures in a spellbinding story today on the company’s financial state. One of the new bits uncovered by the outlet is that Faraday’s main financier, Jia Yueting, is suing a software developer who accuses Jia of…Read more… Continue Reading at […]

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Faraday Future Dismissed Multiple Reports Of Sexual Harassment By Employee: Lawsuit

A former security guard at Faraday Future’s headquarters is alleging the start-up of dismissing multiple reports of sexual harassment she filed against one of the company’s IT administrators and even accused her of “inviting the harassment.” Read more… Continue Reading at http://jalopnik.com

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Ex-BMW Designer Quits Faraday Future And Folks Just Aren’t Coming To Work Anymore: Report

Things are going from bad to worse for electric car startup Faraday Future. One of the company’s founding executives, former BMW designer Richard Kim, has resigned, reports The Verge. His final day is Friday, according to the news outlet.Read more… Continue Reading at http://jalopnik.com

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Faraday Future Is Out Of Formula E: Report

Cash-strapped automotive startup Faraday Future has ended its partnership with the Dragon Racing Formula E team, according to Autosport. Dragon Racing had already dropped Faraday Future from its name on the 2017-18 season entry list, but now it’s reported that Faraday Future won’t be involved with them at all.Read more… Continue Reading at http://jalopnik.com

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‘Accidental Billionaire’: How The Outlandish Ambition Of Faraday Future’s Financier Brought The Startup To Its Knees 

In Rancho Palos Verdes, an affluent suburb of Los Angeles, there’s a 7,800 square foot mansion that sits atop a picturesque bluff, offering sweeping views of the Pacific Ocean. Across two stories, the home contains six bedrooms, seven bathrooms, a three-car garage, and privacy. Google Maps doesn’t offer a streetview…Read more… Continue Reading at http://kotaku.com

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Jaguar Land Rover Parent Company Denies Investing $900 Million In Faraday Future

Well, that ended quickly. After Faraday Future spent last week firing the first shots in an unusual spat with its now-former chief financial officer, rumors emerged that Jaguar Land Rover parent company Tata Motors had invested $900 million in the electric car startup. The timing seemed highly suspect, and now Tata is…Read more… Continue Reading […]

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Jaguar Land Rover Parent Company Won’t Say If It’s Investing $900 Million Into Faraday Future

After launching a very unusual public spat with its now-former chief financial officer, Faraday Future has reportedly received a $900 million lifeline from Indian automaker Tata Motors, which perhaps most famously now owns Jaguar Land Rover. The timing of such a significant investment from Tata would be stunning…Read more… Continue Reading at http://jalopnik.com

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Faraday Future Accuses Ex-CFO Of ‘Malfeasance’ During His Tenure In Bizarre Statement

The saga of would-be world-beater electric car startup Faraday Future got weirder than usual this week, and this evening it escalated further. Just hours after FF’s ex-chief financial officer Stefan Krause confirmed he quit in October, the startup publicly accused him of “malfeasance” in a bizarre statement and…Read more… Continue Reading at http://jalopnik.com

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