Edition:
United Kingdom

Faraday Future gives update on current business operations


Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - :FARADAY FUTURE - FILING NEW EMERGENCY RELIEF APPLICATION ON MAIN ARBITRAL TRIBUNAL; RULING MAY BE DELAYED BY 2-3 MONTHS, TO EXPERIENCE NEGATIVE IMPACT ON TIGHT CASH FLOW.FARADAY FUTURE - TO TAKE FURTHER COST-REDUCTION MEASURES ; INCLUDES PUTTING ADDITIONAL EMPLOYEES ON FURLOUGH BEGINNING THIS WEEK.FARADAY FUTURE - HOPE TO SOLVE FUNDING ISSUE IN 2-3 MONTHS.