Faraday Future halts factory work, hopes to resume early 2017

Faraday Future’s ambitious plans to launch a production electric car in less than two years appear to have hit a snag. Before the Chinese-backed startup can begin production, it needs to complete a new factory in North Las Vegas, Nevada, which has a stated cost of $1 billion. Last month, lead contractor AECOM warned Faraday that it was late on a… …read more