l CES 2017 could make or break Faraday Future
itMYti.com < New IT WebNews
Category: news    |    Added: 2016-12-22 18:45:09    |    View: 146
electric car, faraday future, ces 2017

Faraday Future in a few short weeks is expected to unveil its first consumer vehicle at the Consumer Electronics Show in Las Vegas… that is, if the company can hang on until then.

We’ve heard rumblings over the past couple of months alleging financial instability within the mysterious automaker – issues that forced contractor AECOM to halt construction on the company’s $1 billion electric vehicle production facility.

On Thursday, a report from The Verge (who was recently invited to take a behind-the-scenes look at the company as it prepared for CES) pegs Faraday Future to be in even worse shape than most suspected.

In addition to mounting debt, unpaid bills, supplier lawsuits and general financial mismanagement, sources tell the publication that Faraday Future doesn’t even own the intellectual property it’s using.

Ownership reportedly belongs to an entity called FF Cayman Global, a realization that led one ex-executive to the conclusion that Faraday Future investors are “fuc*ed.” A separate executive didn’t see this as a bad thing for investors but rather, for suppliers. A third former executive, meanwhile, put it bluntly: “If they don't find money after CES, they will be out of money by February.”

Appearing to be unfazed, Faraday Future has pushed forward with its marketing efforts by releasing a handful of teaser clips on YouTube as we inch closer to CES in early January. Will Faraday Future be able to deliver at CES and more importantly, beyond? Is this all a façade, a house of cards ready to crumple?

We’ll find out soon enough.

Lead mockup courtesy Jim Cooke, Gizmodo Media

Share this article:
source: Techspot

Category: review    |    40 minutes ago    |    View: 7

Today we're revisiting a mid-range GPU battle between the Radeon RX 570 4GB and GeForce GTX 1060 3GB. It's been a little over a year since we compared these two head to head in an extensive 28 game battle, so we thought it was about time to take another look now that GPU prices seem to be coming back down to more reasonable prices.

Category: news    |    8 hours ago    |    View: 58

Sinclair Broadcast Group has been trying for months to broker a deal to buyout Tribune Media. Engadget reports the company recently proposed to “offload” 21 stations to show officials that it was not trying to stifle competition. However, the FCC&hellip;

Category: news    |    9 hours ago    |    View: 15

Pininfarina, the Italian car design firm best known for Ferrari’s iconic look, announced in March that it was developing its own all-electric hypercar. Not much was initially shared about the PFO but that has since changed as the design house&hellip;

Category: news    |    10 hours ago    |    View: 11

I have to say; when I saw Siemens retro-fitted 1965 autonomous Ford Mustang attempt the hill climb at the Goodwood Festival of Speed, I was quite unimpressed. In fact, I was somewhat embarrassed for the engineers as the car swerved&hellip;

Category: news    |    10 hours ago    |    View: 0

Amazon's annual day of outlandish deals and sales, Prime Day, has officially kicked off. Unfortunately, while customers are enjoying the fruits of Amazon's massive success, the company itself is facing some internal struggles.

Category: news    |    11 hours ago    |    View: 13

Samsung is expected to match Apple’s rumored trifecta of iPhones with a trio of Galaxy S10 devices packing a variety of screen sizes.

Category: news    |    12 hours ago    |    View: 24

Uber has had its fair share of problems over the years. It's faced down numerous federal investigations, class-action lawsuits, and scrutiny from the National Transportation Safety Board following a fatal March crash involving an autonomous Uber vehicle.

Category: news    |    13 hours ago    |    View: 10

In October of last year, Epic brought lawsuits against several cheaters in its smash-hit battle-royale game Fortnite. To be clear, these were not your average cheaters. These were people who allegedly profited by either providing hacks or promoting them. Most&hellip;

Category: news    |    13 hours ago    |    View: 0

Northern Springs is a land expansion for Fallout 4 that’s said to be larger than both Far Harbor and Nuka World, official DLCs straight from Bethesda. It’s located at the top left corner of the map and can be explored&hellip;

Category: news    |    14 hours ago    |    View: 16

Saving the environment seems to be the collective focus of the tech industry as of late. Even companies that compete quite heavily with each other -- such as Google and Apple -- are united by the steps they've taken to&hellip;




Download Latest PC Softwares

Category: download-managers    |    Added: 50 minutes ago    |    View: 0
KeepVid Pro 7.3.0.2 + Portable Download - downloadwise.com

KeepVid Pro 7.3.0.2 + Portable Download Latest Version for Windows. It is full offline installer standalone setup of KeepVid Pro 7.3.0.2.

KeepVid Pro 7.3.0.2 is a very useful application that can be used for downloading audio and video content from different websites and after downloading it will also allow you to convert the files into various different file formats. Watching the videos as well as listening to the music online is an excellent idea but sometimes you are not connected to the Internet which won’t allow you to access your favorite content. This situation can be avoided by downloading the content from this program. You can also download Internet Download Manager IDM 6.28 Build 9.

Category: 3d-designing    |    Added: 10 hours ago    |    View: 4
Artlantis Studio 7.0.2.2 Free Download - downloadwise.com

Artlantis Studio 7.0.2.2 Free Download Latest Version for PC. Its full offline installer standalone setup of Artlantis Studio 7.0.2.2 for 64.

Artlantis Studio 7.0.2.2 is a very handy and ideal application that has been developed for the users who need to perform very high resolution rendering easily and in real time. With this application you can create a very highly professional 2D and 3D designs. This application also allows you to create panoramic images as well as animations. You can also download Abvent Artlantis Studio.

Category: system-tuning    |    Added: 17 hours ago    |    View: 6
O & O ShutUp10 1.6.1397.1 Free Download - downloadwise.com

O & O ShutUp10 1.6.1397.1 Free Download. A very handy application which can be used for disabling telemetry and for localization detection.

O & O ShutUp10 1.6.1397.1 is a very handy application which can be used for disabling telemetry and for localization detection. The Telemetry components in Windows 10 and the way they are affectingt he privacy of the users is a very controversial topic since the release of the most recent offering from Microsoft’s operating system. With this application you can manually tweak the security settings of Windows 10. You can also download Beyond Compare 4.2.5 + Portable.

Category: utilities    |    Added: 18 hours ago    |    View: 0
Display Driver Uninstaller 17.0.8.9 Free Download - downloadwise.com

Display Driver Uninstaller 17.0.8.9 Free Download Latest Version. Full offline installer standalone setup of Display Driver Uninstaller.

Display Driver Uninstaller 17.0.8.9 is a very handy application that has been developed to let you immediately uninstall NVIDIA, AMD as well as Intel display drivers. This application has not been equipped with complex settings or configuration parameters. You can also download IObit Uninstaller Pro 6.1.0.20.

Category: ironcad-design-collaboration-suite-2018-free-download    |    Added: 3 days ago    |    View: 23
IronCAD Design Collaboration Suite 2018 Free Download - downloadwise.com

IronCAD Design Collaboration Suite 2018 Free Download Latest Version for Windows. Full offline installer standalone setup of IronCAD Design.

IronCAD Design Collaboration Suite 2018 is a very handy and powerful set of tools that has been developed for the professionals as well as design engineers who are required to create and edit 2D and 3D models. This imposing application has got all the tools which are required for making your ideas a reality. You can also download progeCAD 2019 Professional.

Category: utilities    |    Added: 3 days ago    |    View: 3
Total Commander 9.20 Final + Portable Download - downloadwise.com

Total Commander 9.20 Final + Portable Download Latest Version for Windows. Full offline installer standalone setup of Total Commander 9.20.

Total Commander 9.20 Final + Portable is a very handy application which will allow you to replace your default method of the file browsing and management. Most of the activities now a days use computer and for file management Total Commander 9.20 Final + Portable is the application to look for. You can also download Total Commander Ultima Prime.

Category: utilities    |    Added: 3 days ago    |    View: 4
CCleaner Professional 5.44.6577 + Portable Free Download - downloadwise.com

CCleaner Professional 5.44.6577 + Portable Free Download New Setup. Its full offline installer standalone setup of CCleaner Professional.

CCleaner Professional 5.44.6577 + Portable is a very handy application which can be used for secure cleaning of your system. This application performs in-depth analysis of all the areas of your system. This application will detect the unused or the invalid entries that clog the Windows registry. You can also download CCleaner Professional 5.41.6446 + Portable.