• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power
Faraday Future’s factory plans in Nevada, USA

Faraday Future unveils electric car as Continental boss talks of job losses

January 4, 2017 by Mark Allinson

faraday future ff 91
The new electric vehicle from Faraday Future – the FF 91

The much-publicised electric car company, Faraday Future, revealed its new hybrid vehicle at the Consumer Electronics Show this week. 

The presentation was said to have had a slight glitch in that when the autonomous, self-parking technology was called on, it didn’t immediately answer.

The hiccup may have been unplanned for Faraday’s billionaire owner, Jia Yueting, especially as the company has invested a lot of money in developing autonomous technology, but with a total of $600 million backing the vehicle venture, there’s plenty of money to smooth out small problems. 

Faraday Future’s factory plans in Nevada, USA
Faraday Future’s factory plans in Nevada, USA: The company officially started work on the $1 billion facility last year

As well as the $600 million for the cars themselves, Yueting had previously been speaking about $1 billion to build a factory in the US, and another $2 billion to construct another factory in China.

It’s all very well shouting out big numbers, but Fortune.com says Faraday Future is having some financial problems in its attempt to rival Tesla Motors, which builds currently the best-selling and best-performing electric car on the market.

Tesla’s CEO, Elon Musk, has a variety of ambitious projects, encompassing solar power generation and space exploration; plus he’s linked up with industry giants such as General Motors on joint car development. So maybe he hasn’t noticed much outside of that.

But Faraday’s progress or otherwise notwithstanding, the electric car market is growing, even if it’s just mostly talk at the moment.

One important industry professional who’s taking part in the conversation is the chief executive of German automotive supplier Continental, Elmar Degenhart.

Speaking to the German newspaper Welt am Sontagg, and reported by Reuters and VentureBeat.com, Degenhart says the shift to electric cars will rearrange the jobs market.

“Due to the low added value, production jobs will be lost,” says Dagmar. “There is enough time to design the process such that the blow is softened and major pain can be avoided.”

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: News, Transportation Tagged With: automotive, autonomous, continental, electric, factory, faraday, future, shift, tesla, vehicle

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • Choosing a Robotic Spindle for Deburring
  • The Future of Modern Application Development with .NET
  • Here are 3 Ways That You Can Use Baking Soda for Office Cleaning
  • How to Get a Crypto Trading Bot
  • Beyond the CMS Norm: Embracing Customization in Online Media Management
  • Boosting Growth: Exploring ERP Solutions For Small Businesses
  • Unveiling the Power of Apple Gift Cards: Your Comprehensive Guide
  • Optimizing Your Plumbing Business: SEO Best Practices for Plumbers
  • The Profit Potential of Auction Homes: A Comprehensive Guide for Real Estate Investors
  • Elevator Shoes: Get the looks you want

Most Read

  • Snapchat Plus Planet Order 2023 Explained
    Snapchat Plus Planet Order 2023 Explained
  • Why is Money Important in Our Lives?
    Why is Money Important in Our Lives?
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • The Future of Personal Computers: What to Expect in the Next Decade
    The Future of Personal Computers: What to Expect in the Next Decade
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Siemens unveils its first virtual PLC and new automation products
    Siemens unveils its first virtual PLC and new automation products
  • 8 Best Neighborhoods in Franklin, Tennessee: Where to Live in Franklin
    8 Best Neighborhoods in Franklin, Tennessee: Where to Live in Franklin

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Choosing a Robotic Spindle for Deburring
  • The Future of Modern Application Development with .NET
  • Here are 3 Ways That You Can Use Baking Soda for Office Cleaning
  • How to Get a Crypto Trading Bot
  • Beyond the CMS Norm: Embracing Customization in Online Media Management
  • Boosting Growth: Exploring ERP Solutions For Small Businesses
  • Unveiling the Power of Apple Gift Cards: Your Comprehensive Guide
  • Optimizing Your Plumbing Business: SEO Best Practices for Plumbers
  • The Profit Potential of Auction Homes: A Comprehensive Guide for Real Estate Investors
  • Elevator Shoes: Get the looks you want

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

January 2017
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec   Feb »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT