Faraday Future factory completes its first full car

Faraday Future FF91 prototypeThe Faraday Future factory is up and running. It produced its first complete pre-production electric car on Tuesday, after building its first production body late last month. A company memo leaked to Green Car Reports reveals that Faraday plans a party to celebrate the milestone at its assembly plant in California's Central Valley on Tuesday. The...

Faraday Future, primary investor crushed by mounting debt, lawsuits

Faraday Future FF 91Struggling Faraday Future and its founding investor Jia Yueting are facing financial and legal woes that threaten the company's existence. Jia specifically has been placed on an official list of debt defaulters on a website run by the Chinese government after the LeEco founder failed to follow a court order stipulating he pay a debt of more than...

Odds for auto startups are incredibly high; can Tesla beat them?

Tesla Motors, Palo Alto, CaliforniaMuch of the energy and growth in the U.S. economy comes not from large corporations but from small startup companies, as economic data shows. By now, the model of a young, energetic entrepreneur with a bright idea who turns it into a world-changing business is well established. Think Facebook or Google, or before them Microsoft or IBM or Kodak, or...

Faraday Future gets $14 million; factory moved to CA from Vegas

Artist’s impression of Faraday Future’s proposed plant in Hanford, CaliforniaElectric-car maker Faraday Future has received an emergency injection of $14 million to move its FF 91 luxury electric car closer to market. The rescue funds come in the form of a loan from Innovatus Capital Partners, after Faraday Future pledged its California-based headquarters as collateral. For now, the $14 million will keep the company afloat...

What Tesla hath wrought: bumper crop of luxury electric cars

Jaguar I-Pace Concept, 2016 Los Angeles Auto ShowIt may have taken some time, but the auto industry is now reacting to Tesla in full force. More than four years after the first Tesla Model S was delivered, we are on the verge of a bumper crop of luxury electric cars. A mix of established automakers and startups looking to emulate Tesla's success are planning a growing array of new models, the...