Friday, 10 November 2017

Faraday Future loses three top executives as manufacturing stalls

The auto executive who was brought in to save Faraday Future has resigned. Stefan Krause, who came to the floundering automotive startup from BMW after spending years at Deutsche Bank, actually left the company in October, according to Jalopnik.

Krause is not alone. Ulrich Kranz, the company’s CTO and another former BMW executive who joined in July, is leaving or has already left the company, The Verge has learned. And the same goes for former Ford Fusion program leader Bill Strickland, who was in charge of running Faraday Future’s vehicle manufacturing line. Representatives for Faraday Future declined to comment.

Krause is a big loss as he was the one courting investors to save the company, which has struggled mightily in 2017. He was...

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