Tuesday, September 3, 2019

Faraday Future Names New CEO

Los Angeles-based electric car maker Faraday Future said this morning that it has named a new CEO, and has named Dr. Carsten Breitfeld to head up the company, with founder and CEo YT Jia becoming Chief Product & User Officer (CPUO). Dr. Breitfeld spent 20 years at BMW, and previously led BMW's i8 vehicle program as Group Vice President, in addition to co-foundering and serving as Chairman and CEO of BYTON. Faraday Future said that founder YT Jia will oversee "AI, product definition, user experience" and the "overall implementation of the internet eco-system model." Faraday Future has been working through a tumultuous year is it has been rearranging its financing after a disagreement with its primary investors.

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