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EV startup Faraday Future has failed #4456608
07/11/17 07:34 PM
07/11/17 07:34 PM
Joined: Oct 2009
Posts: 3,947
Ohio
L_Sludger Offline OP
L_Sludger  Offline OP
Joined: Oct 2009
Posts: 3,947
Ohio
http://www.nbcnews.com/business/autos/el...sheds-4-n781896

Quote:
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
Re: EV startup Faraday Future has failed [Re: L_Sludger] #4456616
07/11/17 07:38 PM
07/11/17 07:38 PM
Joined: Sep 2004
Posts: 21,634
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,634
Orlando, FL
Very sketchy business plan.

Re: EV startup Faraday Future has failed [Re: L_Sludger] #4456642
07/11/17 07:53 PM
07/11/17 07:53 PM
Joined: Feb 2009
Posts: 17,141
Michigan
daves87rs Offline
daves87rs  Offline
Joined: Feb 2009
Posts: 17,141
Michigan
Already heard they are toast by the end of the summer....


Coming together is a beginning; keeping together is progress; working together is success.

Henry Ford
Re: EV startup Faraday Future has failed [Re: L_Sludger] #4456851
07/12/17 12:49 AM
07/12/17 12:49 AM
Joined: Jun 2016
Posts: 2,990
MN
oil_film_movies Offline
oil_film_movies  Offline
Joined: Jun 2016
Posts: 2,990
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.”"

Re: EV startup Faraday Future has failed [Re: L_Sludger] #4457054
07/12/17 09:18 AM
07/12/17 09:18 AM
Joined: Jun 2015
Posts: 4,225
New England
Virtus_Probi Offline
Virtus_Probi  Offline
Joined: Jun 2015
Posts: 4,225
New England
Faraday, gone tomorrow...

Has there been a Maxwell electric vehicle/company yet? High time if not...


2014 Forester XT, 86000 miles
Last Change;
M1 5W30 d1G2
Tokyo Roki 15208AA170 filter
Re: EV startup Faraday Future has failed [Re: L_Sludger] #4457246
07/12/17 12:59 PM
07/12/17 12:59 PM
Joined: Aug 2003
Posts: 2,491
DELAWARE
Hootbro Offline
Hootbro  Offline
Joined: Aug 2003
Posts: 2,491
DELAWARE
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.


2018 RAM 2500 Cummins 6.7L (Factory Fill 5W-40)
2017 Jeep Renegade 2.4L (Idemitsu 0W-20)

Re: EV startup Faraday Future has failed [Re: L_Sludger] #4457373
07/12/17 03:16 PM
07/12/17 03:16 PM
Joined: Sep 2010
Posts: 7,000
Texas
4WD Offline
4WD  Offline
Joined: Sep 2010
Posts: 7,000
Texas
The Edison Edsel will be next

Re: EV startup Faraday Future has failed [Re: L_Sludger] #4458253
07/13/17 01:08 PM
07/13/17 01:08 PM
Joined: Jul 2005
Posts: 11,312
NorthEast
Vikas Offline
Vikas  Offline
Joined: Jul 2005
Posts: 11,312
NorthEast
Lucid Air can't be that behind


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