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post #19 of (permalink) Old 12-03-2017, 02:25 AM Thread Starter
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Fara day OVER? ...MotorTrend

The news continues to get worse for Faraday Future

Back in October, we reported that Tom Wessner, Faraday Future’s head of supply chain management, had resigned from the EV startup. He followed Alan Cherry, the company’s head of human resources, who chose to leave the startup two months earlier. Today, we learned that Richard Kim, Faraday Future’s head of design, has also resigned.

The Verge reports that Kim submitted his resignation on Tuesday of this week and that as of today, he is no longer with the company. “Richard gave his heart and soul to that company, and he tried to make it work. He’s been considering leaving for two to three months,” a former employee told The Verge. Before taking the job at FF, Kim worked at BMW, where he was responsible for the design of the i8 concept, the i3, and the X1.

With Kim gone, that means of the five founding executives, only Nick Sampson, the head of research and development, and Dag Reckhorn, the head of manufacturing, are still at the company. Stefan Krause, the company’s chief financial officer, and Ulrich Kranz, the chief technical officer, also recently resigned.

As you can imagine, losing that many executives in such a short period of time can’t be good for company morale. When Wessner resigned in October, one employee told The Verge, “Morale is tanked. No one is in the office ever. They keep bringing in investors, but no one invests. [The] company is a sinking ship.”

Based on an email sent by Allan Lu, FF’s new head of go-to-market operations, and obtained by The Verge, things have only gotten worse since then. Lu reportedly wrote that “only 2 people were in office” when Jia Yueting, the company’s acting CEO, showed up for a meeting with potential investors.

“I would like to make it clear that we will be on time to the work starting from 9:00 am every day and closing of business by 6:00 pm ,unless you have your managers [sic] pre-approval for late come or early leave,” he continued, claiming the company is “very close obtaining investment.”

Assuming this information is all accurate, you have to wonder how much longer Faraday Future can stay in business.

Source: The Verge
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