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#4456608 - 07/11/17 07:34 PM EV startup Faraday Future has failed
L_Sludger Offline

Registered: 10/04/09
Posts: 3947
Loc: Ohio

Financially struggling battery-electric automaker Faraday Future will cancel plans to build a $1 billion assembly complex in the Nevada desert near Las Vegas, raising further questions about the start-up’s long-term future — and costing about 4,500 planned U.S. jobs.

So much for that.
too many cars and oil combinations to list in 150 characters or less

#4456616 - 07/11/17 07:38 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Mr Nice Offline

Registered: 09/12/04
Posts: 20667
Loc: Orlando, FL
Very sketchy business plan.

#4456642 - 07/11/17 07:53 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
daves87rs Offline

Registered: 02/23/09
Posts: 16784
Loc: Michigan
Already heard they are toast by the end of the summer....
Whatever you are, be a good one.

#4456851 - 07/12/17 12:49 AM Re: EV startup Faraday Future has failed [Re: L_Sludger]
oil_film_movies Offline

Registered: 06/13/16
Posts: 2030
Loc: MN
"But state officials took shots at Faraday after learning of the production delay last November. “This is a Ponzi scheme,” Nevada State Treasurer Dan Schwartz told Reuters. “You have a new company that has never built a car, building a new plant in the middle of the desert, financed by a mysterious Chinese billionaire. At some point, as with Bernie Madoff, the game ends.”"

#4457054 - 07/12/17 09:18 AM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Virtus_Probi Offline

Registered: 06/25/15
Posts: 3391
Loc: New England
Faraday, gone tomorrow...

Has there been a Maxwell electric vehicle/company yet? High time if not...
2014 Forester XT, 75300 miles
Last Change;
Pennzoil Gold 5W30 d1G2
Tokyo Roki 15208AA170 filter

#4457246 - 07/12/17 12:59 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Hootbro Offline

Registered: 08/25/03
Posts: 2347
That company was all hype from the get go. Their launch and investor parties were fraught with technical delays in showing a working prototype beyond a CGI video. Everybody and their dog knew they were selling nothing but pipe dreams while a few were just riding the seed money they had been given just partying and blowing it on more smoke and mirror events.

Ponzi scheme is right.
2017 Jeep Renegade 2.4L (Idemitsu 0W-20)
2016 Nissan Frontier Crew Cab 4.0L (Havoline 5W-30)
2013 Jeep Wrangler JK 3.6L (PUP 5W-30)

#4457373 - 07/12/17 03:16 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
4WD Offline

Registered: 09/21/10
Posts: 5538
Loc: Texas/International
The Edison Edsel will be next
2017 Tahoe 5.3L 4WD
2014 Fusion Hybrid
2013 Cruze RS 1.4T
2010 Canyon 5.3L 4WD

#4458253 - 07/13/17 01:08 PM Re: EV startup Faraday Future has failed [Re: L_Sludger]
Vikas Offline

Registered: 07/22/05
Posts: 11171
Loc: NorthEast
Lucid Air can't be that behind