Indian auto giant Tata might have stake in EV start-up Read more
Tata has reportedly bought a 10 per cent stake in troubled Chinese electric startup Faraday Future. According to Gasgoo, Chinese media outlets are reporting Tata has purchased 10 per cent of Faraday Future for US$900 million ($1.2 billion). If the reports are true, a healthy cash infusion could see the help stabilise the situation at the […]
Faraday Future may have just been thrown a life line in the form of a $900 million investment by Indian automaker Tata. Chinese automotive news aggregator Gasgoo claims media sources in China are reporting that the $900 million is for a 10 percent stake in Faraday Future, thus valuing the electric car startup at $9 billion. While it may seem like...
Faraday Future has issued a strange response to the criticism surrounding its most recent high-profile “staffing adjustment.” Last week, news broke that the startup automaker’s chief financial officer, Stefan Krause, left the firm in October — forcing media outlets to play catch up. Show More Summary
FF is reportedly bringing in some new talent, including an executive who describes himself on LinkedIn as a "crisis management expert" to run communications. Continue reading Faraday Future continues to struggle as three more executives...Show More Summary
It’s been a while since we’ve discussed the ongoing plight of Faraday Future. While most of this year — and all of the last — was riddled with missteps from the automotive startup, we’ve taken a break from reporting on it. That wasn’t because its situation had improved, however. Show More Summary
Three years old and looking for more money, Faraday Future is on the skids. CFO Stefan Krause, hired to bring in big money, has left the building. The post Faraday No Future: Things Looking Dim for EV Startup appeared first on ExtremeTech.
The honeymoon is over before it even began. The State of Nevada is ending its relationship with automaker Faraday Future, which once promised to build a vast and glorious manufacturing facility within its borders — in exchange for tax incentives. Show More Summary
In a move that runs contrary the trend of companies joining Formula E, electric vehicle company Faraday Future will be taking a reduced role in the upcoming series. When the list of official teams taking part in the fourth season was...Show More Summary
Porsche sportscar ace Neel Jani will make his debut in the Formula E championship next season after joining Faraday Future…
Faraday Future isn't going to have much of a future if it doesn't start producing vehicles and taking in serious amounts of cash. The electric upstart has been in a seemingly endless spiral of will they-won't they with regards to creating a production ready vehicle, keeping its factory plans alive, and generally reminding us if they're still in...
"Where there is smoke, there is fire." Continue reading Faraday Future could pull out of Formula E to save cash Faraday Future could pull out of Formula E to save cash originally appeared on Autoblog on Thu, 17 Aug 2017 14:20:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments
Electric start-up company, Faraday Future, has signed the lease on a new manufacturing facility in Hanford, California, which will see the production of its upcoming FF 91 EV. In an effort to bring the FF 91 to market by the end of 2018, Faraday Future has been forced to ditch its US$1 billion manufacturing facility in Las […]
After stopping work on its planned $1 billion plant in Nevada in July, electric car startup Faraday Future has managed to secure access to an existing plant that will allow it to get its first model, the FF 91, to market faster. Faraday Future on Monday said it has leased a 1 million-square-foot former tire plant in Hanford, California. The site...
Softbank wants to invest in either Uber or Lyft, iPhone 8 might scan your face and QR codes come to Venmo and Faraday Future is getting a factory in Hanford, California. All this on Crunch Report! Read More
After walking back plans for new factories, old Fresno factory is more realistic.
The video explores the hardships and the insights from the FF91's record run. Continue reading Faraday Future shares lessons learned from Pikes Peak Faraday Future shares lessons learned from Pikes Peak originally appeared on Autoblog on Mon, 07 Aug 2017 14:30:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments
The flashy electric car company has settled down.
It's 1 million square feet, a third of the original factory's planned footprint. Continue reading Faraday Future leases million-square-foot factory in California Faraday Future leases million-square-foot factory in California originally appeared on Autoblog on Mon, 07 Aug 2017 12:45:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments
Faraday Future is not dead -- at least not yet. The company has secured an emergency $14 million loan and leased space at a former Pirelli factory in Hanford, California. Faraday Future Leases Former Pirelli Factory In Southern California...Show More Summary