l Two Faraday Future execs have resigned prior to CES debut
itMYti.com < New IT WebNews
Category: news    |    Added: 2016-12-23 16:45:05    |    View: 248
faraday future

In what continues to be a tumultuous time for the auto brand, two of Faraday Future's top executives have just resigned. Their departure is especially notable given the company's scheduled commercial debut at CES in just a couple of weeks. We had previously reported on Faraday Future's rumored financial instability and possible lawsuits. FF needs to secure serious financial backers at CES or they will likely run out of money by February.

Marco Mattiacci and Jeorg Sommer, the two former executives, are well known in the industry and have had top leadership positions before. Both were key acquisitions for the Faraday Future team and brought industry knowledge as well as credibility to the brand. Their tenure was short lived however, with the two being employed for just seven and three months respectively.

Mattiacci was president and CEO of Ferrari for their North American and Asia Pacific markets before taking the position as chief brand and commercial officer at FF. He was also a director for Ferrari's Formula 1 racing team. Sommer was vice president for product marketing and growth at FF. He was previously a Volkswagen executive and had top roles at several other European auto makers. 

The two were hired to help straighten out the crumbling finances and inefficiencies that Faraday Future had experienced. It isn't clear if the departure was mutually agreed upon or if there were other motives. Sources have speculated to The Verge that FF may have cut the two to increase funds for the vehicle launch. If this is true, it's a last ditch effort to save a sinking ship right before a possible rescue.

We will know in a few weeks. Stay tuned for more CES coverage surrounding Faraday Future and other car tech innovations at the show.

Share this article:
source: Techspot

Category: news    |    11 hours ago    |    View: 139

Epic's approach to taking on Steam has been a controversial one, but that hasn't stopped the company so far.

Category: news    |    12 hours ago    |    View: 2

During the company's GDC 2019 presentation, Epic claimed that Metro Exodus sold 2.5 times better on the Epic Games Store than its predecessor, Metro: Last Light, did on Steam.

Category: news    |    13 hours ago    |    View: 15

There are currently six pages worth of listings for Lucasfilm games on the Disney jobs board. It appears it is looking for a full staff from producers on down. Positions indicate it will be releasing games on various platforms including&hellip;

Category: news    |    14 hours ago    |    View: 79

Nintendo as part of its Nindies Showcase Spring 2019 video on Wednesday announced a new game based on its popular Legend of Zelda franchise.

Category: news    |    15 hours ago    |    View: 3

It’s called the “MegaGrant program” and is actually an expansion of its earlier, smaller-scale grant initiative that it began in 2015. Epic CEO Tim Sweeney said that it was his way of giving back to the community for the overwhelming&hellip;

Category: news    |    16 hours ago    |    View: 5

Oculus at the Game Developers Conference on Wednesday unveiled the next generation of its Rift virtual reality headset, the Oculus Rift S.

Category: news    |    17 hours ago    |    View: 56

Amazon has announced a new base model Kindle which features a front light, the first time the illumination technology has ever been implemented in an entry-level reader from the company.

Category: news    |    17 hours ago    |    View: 1

Konami in celebration of its 50th birthday has announced a new anniversary collection series that bundles together many of its iconic arcade and console classics for modern platforms.

Category: news    |    18 hours ago    |    View: 63

Following the announcement of its two new iPads and an update to the iMac, Apple has debuted the latest generation of AirPods. They feature the new H1 chip, which brings several improvements.

Category: news    |    18 hours ago    |    View: 1

Netflix on Wednesday published the first official trailer for season three of Stranger Things, the hit sci-fi series with a decidedly 80s-riffic vibe.




Download Latest PC Softwares

Category:     |    Added: 55 minutes ago    |    View: 0
MeldaProduction - MAudioPlugins 2019 VST Free Download - downloadwise.com

MeldaProduction - MAudioPlugins 2019 VST Free Download. Offline installer standalone setup of MeldaProduction - MAudioPlugins 2019 12.12.

MeldaProduction – MAudioPlugins 2019 VST is an imposing collection of effects, instruments as well as utilities that can improve capabilities of your digital audio workstation. Creating high quality music involves numerous different steps and it requires involvement several professionals for every stage of operation. Audio plugins makes this job simple and easy and add various interesting features to your digital audio workstation. You can also download LUXONIX Ravity VST Bundle.

Category:     |    Added: 55 minutes ago    |    View: 0
Native instruments Session Horns KONTAKT Library Download - downloadwise.com

Native instruments Session Horns KONTAKT Library Download. It is full offline installer standalone setup of Native instruments Session Horns.

Native instruments Session Horns KONTAKT Library is an imposing application for enhancing your sounds. This is a versatile and a playable horn section that will quickly perk up your productions. The trombone, tenor sax as well as two trumpets have been sampled to perfection and it deliver rich and authentic sound which is playable by anyone. You can also download Native Instruments Discovery Series Middle East KONTAKT Library.

Category:     |    Added: 2 hours ago    |    View: 0
MeldaProduction - MAudioPlugins 2019 VST Free Download - downloadwise.com

MeldaProduction - MAudioPlugins 2019 VST Free Download. Offline installer standalone setup of MeldaProduction - MAudioPlugins 2019 12.12.

MeldaProduction – MAudioPlugins 2019 VST is an imposing collection of effects, instruments as well as utilities that can improve capabilities of your digital audio workstation. Creating high quality music involves numerous different steps and it requires involvement several professionals for every stage of operation. Audio plugins makes this job simple and easy and add various interesting features to your digital audio workstation. You can also download LUXONIX Ravity VST Bundle.

Category:     |    Added: 2 hours ago    |    View: 0
Native instruments Session Horns KONTAKT Library Download - downloadwise.com

Native instruments Session Horns KONTAKT Library Download. It is full offline installer standalone setup of Native instruments Session Horns.

Native instruments Session Horns KONTAKT Library is an imposing application for enhancing your sounds. This is a versatile and a playable horn section that will quickly perk up your productions. The trombone, tenor sax as well as two trumpets have been sampled to perfection and it deliver rich and authentic sound which is playable by anyone. You can also download Native Instruments Discovery Series Middle East KONTAKT Library.

Category:     |    Added: 3 hours ago    |    View: 0
MeldaProduction - MAudioPlugins 2019 VST Free Download - downloadwise.com

MeldaProduction - MAudioPlugins 2019 VST Free Download. Offline installer standalone setup of MeldaProduction - MAudioPlugins 2019 12.12.

MeldaProduction – MAudioPlugins 2019 VST is an imposing collection of effects, instruments as well as utilities that can improve capabilities of your digital audio workstation. Creating high quality music involves numerous different steps and it requires involvement several professionals for every stage of operation. Audio plugins makes this job simple and easy and add various interesting features to your digital audio workstation. You can also download LUXONIX Ravity VST Bundle.

Category:     |    Added: 3 hours ago    |    View: 0
Native instruments Session Horns KONTAKT Library Download - downloadwise.com

Native instruments Session Horns KONTAKT Library Download. It is full offline installer standalone setup of Native instruments Session Horns.

Native instruments Session Horns KONTAKT Library is an imposing application for enhancing your sounds. This is a versatile and a playable horn section that will quickly perk up your productions. The trombone, tenor sax as well as two trumpets have been sampled to perfection and it deliver rich and authentic sound which is playable by anyone. You can also download Native Instruments Discovery Series Middle East KONTAKT Library.

Category:     |    Added: 4 hours ago    |    View: 0
MeldaProduction - MAudioPlugins 2019 VST Free Download - downloadwise.com

MeldaProduction - MAudioPlugins 2019 VST Free Download. Offline installer standalone setup of MeldaProduction - MAudioPlugins 2019 12.12.

MeldaProduction – MAudioPlugins 2019 VST is an imposing collection of effects, instruments as well as utilities that can improve capabilities of your digital audio workstation. Creating high quality music involves numerous different steps and it requires involvement several professionals for every stage of operation. Audio plugins makes this job simple and easy and add various interesting features to your digital audio workstation. You can also download LUXONIX Ravity VST Bundle.