Faraday Future
Latest
Faraday Future's FF 91 electric vehicles will cost as much as $309,000
Faraday Future has officially launched its long delayed FF 91 electric vehicles, including a limited edition called the Futurist Alliance that carries a pretty hefty price tag of $309,000.
Faraday Future finally starts FF 91 production after repeated delays
Faraday Future has announced that it has started production for the FF 91 Futurist electric vehicle at its factory in Hanford, California.
Faraday Future delays the launch of its first electric vehicle yet again
It also needs more cash for the FF91's commercial launch.
Faraday Future is preparing to actually sell its FF 91
The EV startup unveiled its first 'production-intent' car today.
Record-breaking Faraday Future prototype EVs are up for auction
Remember Faraday Future? A Faraday Future EV comparable to anything Tesla offers never materialized, though the company is still around. This vehicle’s real value is in its collectability.
Faraday Future founder files for Chapter 11 bankruptcy
Faraday Future founder Jia Yueting has filed for Chapter 11 bankruptcy in a bid to settle his exorbitant personal debts. The move is part of a larger recovery plan, and it's meant, in part, to regain credibility for Faraday Future. Though there's no guarantee that it will help.
Faraday Future's new CEO hails from BMW's i8 team
The reports were true: Faraday Future is changing CEOs. The automotive startup's CEO Jia Yueting has stepped down and will be replaced by Dr. Carsten Breitfeld (above), the former head of BMW's i8 development program and the co-founder of rival EV maker Byton. The choice isn't entirely coming out of the blue, according to Breitfeld. He has apparently known Yueting for "a number of years" and even talked about the possibility of joining the company in the past. Yueting's "vision for how the mobility eco-system will transform the industry" played a significant role in the decision to join, Breitfeld said.
Faraday Future CEO will reportedly resign as part of restructuring plan
Faraday Future isn't just relying on its recent bailout to bring its electric car plans back on track. According to Pandaily, it's embarking on a restructuring plan that will see its polarizing CEO Jia Yueting step down. He's reportedly aiming to address both the company's debt and his own, and will set up a trust fund (paid with his Faraday Future shares) to repay creditors. He's betting that a future initial public offering will net enough funds to clear the debts. The executive will also sell an unspecified number of his shares.
Faraday Future pins hopes on China-exclusive EV
Faraday Future's first car, the FF91, has yet to hit the market, but that hasn't kept the company from looking ahead. A new teaser poster for the V9 -- a car it's developing as a joint venture with Chinese gaming company The9Limited -- reveals few details other than a silhouette that looks similar to the FF91.
Faraday Future is selling its Las Vegas site for $40 million
Faraday Future has already ditched plans to build a factory in Las Vegas, and now it's trying to end that chapter of its troubled tale by selling the land on which it was going to set up shop. The struggling carmaker is hoping to sell the 900-acre plot for $40 million.
Faraday Future couldn't raise the cash to bring back its workers
Things seemed to be looking up for Faraday Future by the end of 2018, with the company reaching a restructuring deal with its main investor. Unfortunately, it reportedly wasn't able to secure enough money to bring back the hundreds of employees it furloughed on March 1st like it planned. According to The Verge, it saw an internal email from Faraday, telling employees that their furlough has been extended. It didn't say how long the extension was, though, or if they have any chance of going back to work.
Recommended Reading: How Russia hacked the US
The Perfect Weapon: How Russian Cyberpower Invaded the US Eric Lipton, David E. Sanger and Scott Shane, The New York Times Within the last week, the CIA, Obama administration and FBI have all agreed that Russian intervened in the presidential election on behalf of Donald Trump. The White House went so far as to say that the cyberattacks were directed by president Vladimir Putin himself. The New York Times offers a detailed look at the Russian hack of the DNC which led to emails and other documents making it into the hands of WikiLeaks and other websites.
