Category: jia yueting

Faraday Future founder files for Chapter 11 bankruptcy

Post author By Randall
Post date October 14, 2019
Categories In bankruptcy, business, chapter 11, debt, electric vehicle, ev, faraday future, gear, Ipo, jia yueting, restructuring, startup, Tech, tomorrow, Transportation

[ad_1] In the proposed plan, Yueting will use his ownership stake in the long-troubled, cash-strapped EV startup Faraday Future to create a creditor trust and repay his debts. That’s not a total surprise. Last month, Yueting stepped down as CEO in order to create this trust. According to Faraday Future, the restructuring will not affect […]

Faraday Future CEO will reportedly resign as part of restructuring plan

Post author By Randall
Post date August 27, 2019
Categories In business, electric car, electric vehicle, ev, faraday future, ff91, gear, jia yueting, restructuring, Tech, Transportation

[ad_1] The company hasn’t delved into specifics for the restructuring strategy, according to the report, but said this would likely involve a partnership. We’ve asked Faraday Future for comment. However well a restructuring works, the departure of Jia Yueting could play a crucial role in the company’s chances — or at least, its perception. The […]