ALERT DAY: Heavy rainfall impacting your Wednesday
Oh my quad! U.S. skater Chen makes history with six quads
Southampton boss Pellegrino: Stephens stepping up thanks to Van Dijk sale
OxyContin maker says it will no longer market opioid to doctors
Energy, security, trade to top Modi's agenda in three-nation tour
Faraday Future signs lease on California manufacturing facility
08 August 2017, 04:19 | Darrell Baldwin
Faraday Future Finds a New Factory in California
The move comes less than a month after the company scrapped a plan to build a $1 billion factory in Nevada.
Electric auto startup Faraday Future said Monday it had signed a lease for a new assembly plant in California and reaffirmed its intention to start deliveries in 2018. The company was looking for an existing space to quickly begin production, and officials say Hanford was a ideal location.
The company, whose backers include the head of the financially strapped Chinese tech group LeEco, said its new facility will be in Hanford, California, roughly halfway between Los Angeles and Silicon Valley. Faraday recently secured a $14 million rescue loan from NY investment firm Innovatus Capital Partners, putting up its own headquarters as collateral. Stefan Krause, Faraday Future's Chief Operating Officer, told the Times that having an assembly line will attract additional investors, as it "makes it more real" for them.
Faraday just signed a lease on the facility, and around 300 employees went to the site August 5 for a welcoming ceremony and to begin a cleanup process that included painting the Faraday logo on the building, a Faraday press release said.
Faraday Future employees paint the former Pirelli factory in Hanford during a clean-up day Saturday. "Following the move-out of current tenants in late November, the company expects significant movement to ramp-up on site in early 2018". The factory could employ up to 1,300 workers over time.
Faraday Future's VP of Global Manufacturing, Dag Reckhorn, also commented: "Our new production facility is the latest demonstration of our commitment to getting FF 91 on the road by the end of 2018".
PGA Championship to move in 2019
The PGA's main interest in moving to May, according to the AP report, was golf's return to the Olympics. The Players Championship is expected to move back to its March date from May.
Sneijder agrees to join Nice
Sneijder is already training with his new teammates and will be available for next week's Champions League clash with Napoli. Sneijder was released by Galatasaray last month after four seasons with the Turkish Super Lig giants.
What Do Analysts Say About Rockwell Collins Inc. (COL)
Heading into the stock price potential, Rockwell Collins, Inc . needs to grow just 0.84% to cross its median price target of $120. The aerospace company reported $1.64 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.58 by $0.06.
Tesco is right to stop the sale of plastic carrier bags
Single-use wine carriers are also being scrapped, whilst the price of a "carry me bottle bag" will drop from £1 to 40p. It follows a trial at three stores in Dundee, Aberdeen and Norwich where customers have not had the 5p bags since May.
Chapecoense crash survivor returns to pitch at Barcelona
We know there are things we can change. "Talking about what could be is absurd, throwing names in the air and seeing what falls". Former Everton winger Gerard Deulofeu, Sergio Busquets, Lionel Messi, Luis Suarez and Denis Suarez all scored.