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Faraday Future's Factory Construction Paused; Shipping Timelines at Risk (techcrunch.com)
Electric vehicle maker Faraday Future may not be able to make its first cars in time to hits its 2017 shipping deadlines, according to a new report by the Financial Times. From a report on TechCrunch: It's hard to ship a car when your factory itself isn't finished, is the main issue -- FF's Nevada-based manufacturing facility broke ground in April, but construction has since been paused because, according to state treasurer Dan Schwartz speaking to the FT, it hasn't paid bills owed by the company to its construction partner. The delay is temporary, according to comments made by general contractor Aecom, which is working with Faraday on the project, and construction will resume sometime in early 2017. That's going to push out the completion date considerably, and will make it quite difficult for FF to make its previously stated production timeline. FT also spoke to an anonymous former employee who said deliveries to customers within the 2017 timeframe were "not possible."
Suddenly needing to find legal documentation for all of your workers can be a daunting task under a deadline. That's why You why don't bet on the mare.
It's time to put a penis into a butt. Any takers?
I mean i was SURE it was going to work
Chinese consortium Covec was supposed to build A2 highway in Poland for the Euro 2012. Then in middle of construction they quietly stopped paying subcontractors while still receiving payment form the government, and finally moved their staff back to China when whole thing started hitting papers.
Who logs in to gdm? Not I, said the duck.
Next you are gonna tell me my Terrafugia Transition will also delay? :P
I've just read the Wikipedia page on Faraday Future. I can't make sense of this from a business point of view. It is a Californian company funded by Chinese capital.
From Wikipedia:
"In July 2015, Motor Trend ran an article that provided a few specifications for Faraday Future’s proposed electric vehicle: it will have 15 percent higher specific energy than a Tesla Model S, it utilizes a multi cell solution where both individual cells and groups of cells can be replaced, and it will have a modular design for improved mass-production methods."
OK, this is good - they have a point of difference, some things they think they can do better than Tesla or Nissan. But successfully starting a new car company requires either a niche you can exploit and then expand from, or huge amounts of money. Tesla used the niche method, but I can't see that this will work again, at least in markets where Tesla, Nissan etc have a presence. Both this story and other evidence (Wikipedia article) suggest they are short of capital, so the other method doesn't work either.
In any case, whatever their business plan, why would they think the USA is the place to do it? They have better connections, cheaper labour, a bigger and probably less competitive market in China. A thought that occurred to me is that this is a feint, they're really just getting a bunch of American engineers to do some designing, then they'll fold up and take the designs back to China. However, this also doesn't really hold up - I don't see that Chinese engineers wouldn't be up to the task, and even if they weren't, it would be much cheaper to offer $500,000 salaries to American engineers.
Can anyone make sense of this?
Quattuor res in hoc mundo sanctae sunt: libri, liberi, libertas et liberalitas.
When your major investor is months late paying the bills, things always work out fine in the end.
In incentives from Nevada. Nevada is looking for progress but just like most of the upstarts it just isn't manifesting
For those grammar police following HBO's Westworld, the title should read "Shipping time frames will be delayed."
See image for help: http://imgur.com/LWFKvHL
Timelines assume parallel universes exist. I guess it is possible that in a parallel universe Faraday ships their cars on-time.
"... in time to hits ..."
Slashdot, this is why you should not outsource your editing to the cheapest H1B Sanjeev Venkata Subramanianreddy. Do your part to make America great again and bring these jobs back home.
Then again, your choice of "editor" BeauHD does not inspire confidence on that front but that's a whole 'nother disappointing conversation.
Doesn't help they wasted all their time and effort into that silly futuristic concept car that they never had any intention on selling. That's fine when you're Toyota and have unlimited resources. When you're a small start-up like Faraday Future, you can't waste resources on vanity projects, you need to get a product out the door. Build the factory, start making cars you intend to sell, before you make silly eye-candy for vanity that you'll never sell.
"That's the way to do it" - Punch