Archive | faraday future

What’s Left To Settle In The GM-UAW Strike

The United Auto Workers gather the troops in Detroit as the General Motors strike approaches its second month, Dyson’s electric car effort was further along than we thought, Faraday Future’s founder is headed for bankruptcy and more on The Morning Shift of Tuesday, Oct. 15, 2019.Read more… Continue Reading at https://jalopnik.com

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What’s Left To Settle In The GM-UAW Strike

The United Auto Workers gather the troops in Detroit as the General Motors strike approaches its second month, Dyson’s electric car effort was further along than we thought, Faraday Future’s founder is headed for bankruptcy and more on The Morning Shift of Tuesday, Oct. 15, 2019.Read more… Continue Reading at https://jalopnik.com

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Comment Of The Day: One Letter Makes A Difference Edition

From the beginning Faraday Future sounded a bit too good to be true. The FFZero1 concept had me salivating at the prospect of a proper electric sports car. The “production” FF91 was ugly but fast and functional. It was very convincing, what with the CES rollout and lots of media coverage. For the last two years […]

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Faraday Future’s New CEO Gave Us The BMW i8, But The Actual Future Remains Uncertain

Do you remember Faraday Future? Last time we were talking about it, it was getting $225 million for one more go at this whole “making a car” thing. Before that, there were furloughs, a near bankruptcy, and some lawsuits. Now, it has a new CEO, the man who gave us the BMW i8 and co-founded Byton. […]

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Faraday Future’s New CEO Gave Us The BMW i8, But The Actual Future Remains Uncertain

Do you remember Faraday Future? Last time we were talking about it, it was getting $225 million for one more go at this whole “making a car” thing. Before that, there were furloughs, a near bankruptcy, and some lawsuits. Now, it has a new CEO, the man who gave us the BMW i8 and co-founded Byton. […]

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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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