New Faraday Future CEO co-founded Byton and led the BMW i8 program

Faraday Future FF91Faraday Future announced last week that it hired Byton co-founder Carsten Breitfeld as its global CEO, replacing the company’s controversial founder, Jia Yueting. Jia ran into conflict with investors after a separate e-commerce company he owned in China, LeEco, allegedly defaulted on debts and failed to return to China to pay them when the...

Report: Faraday Future could soon undergo restructuring, shed CEO

Faraday Future FF91Although the future looks brighter this year for the electric-vehicle hopeful Faraday Future, with a new line of funding revealed in April to help them get through the year and to the long-awaited production of its FF91 electric SUV, a recent report suggests that there may soon be more upheaval to come. The company’s CEO and founder, Jia...

Faraday Future revealed: Company gets funding to produce FF91

Faraday Future completes first pre-production FF91 on August 28, 2018On-again, off-again electric-car startup Faraday may have a future after all. The company announced two new rounds of financing Monday, a $1.25 billion stock sale expected to be completed by the end of the year, and a $225 million bridge loan to make it to the end of the year. In a statement, Faraday Future said the money will pay for the...

Faraday Future joint venture to create electric MPV based on FF91

MPV designed by Faraday Future, for joint venture with The9Last month the troubled electric car hopeful Faraday Future was given (another) new lease on life, via a new joint venture with The9, a Chinese online game company, that will produce a new model for the Chinese market based on Faraday’s nearly mothballed FF91. It’s now a lot clearer what that vehicle, to be produced as soon as next...

Tesla service, Faraday Future lifeline, EV sales, Canoo: Today’s Car News

Teaser for Canoo conceptsIn an effort to speed up wait times at its service centers, Tesla is eliminating regular annual service visits for its cars. Canada is planning on launching its first nationwide tax credit for electric cars. A new report estimates that by 2030, almost 70 percent of new cars sold in the U.S. may still use gasoline. And Faraday Future gets another...