Faraday Future founder files for Chapter 11 bankruptcy

Faraday Future founder Jia Yueting has filed for Chapter 11 bankruptcy in a bid to settle his exorbitant personal debts. The move is part of a larger recovery plan, and it's meant, in part, to regain credibility for Faraday Future. Though there's no...

Faraday Future’s new CEO hails from BMW’s i8 team

The reports were true: Faraday Future is changing CEOs. The automotive startup's CEO Jia Yueting has stepped down and will be replaced by Dr. Carsten Breitfeld (above), the former head of BMW's i8 development program and the co-founder of rival EV ma...

Faraday Future CEO will reportedly resign as part of restructuring plan

Faraday Future isn't just relying on its recent bailout to bring its electric car plans back on track. According to Pandaily, it's embarking on a restructuring plan that will see its polarizing CEO Jia Yueting step down. He's reportedly aiming to a...