FARADAY FUTURE’S $1-BILLION NEVADA FACTORY HALTED SINCE IT FAILED TO PAY BILLS

AECOM revealed new plans to construct the $1 billion, 3-million square foot electric car manufacturing plant for Faraday Future (FF) in North Las Vegas, Nevada last month. But its constructor now stops work since Faraday Future failed to pay millions of dollars in bills. 

Faraday Future’s future is looking bleaker.

After the electric car start-up failed to pay millions of dollars in bills, its contractor Monday halted work on Faraday’s $1-billion North Las Vegas, Nev., car factory.  The work stoppage was confirmed by Faraday spokesman Richard Otto.

“We are reassessing where we are on our timeline,” he said Wednesday. The contractor is Aecom, the Los Angeles-based engineering giant.

“To date, we have completed grading and foundation prep work,” the company said in a statement. “At this time, Faraday Future is temporarily adjusting their construction schedule with plans to resume in early 2017.”

Both sides say they’re trying to work things out. “We’re in daily communication with Aecom,” Otto said.......Continue Reading

Top image: Rendering of Inaugural Faraday Future Manufacturing Factory in North Las Vegas, Nevada. Image © FF

> via LA Times