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Continue reading Inside Henrik Fisker's second failed automotive startup
Inside Henrik Fisker's second failed automotive startup originally appeared on Autoblog on Wed, 12 Jun 2024 15:00:00 EDT. Please see our terms for use of feeds.
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Infiniti QX80 AWD 2.36 times more likely to be stolen than the average 2016–2018 model The humongous Infiniti QX80 makes this list twice...
The new tunnel was excavated along a path that runs not through Los Angeles but beneath the tiny adjacent municipality of Hawthorne, where Musk's Boring Company and his SpaceX rocket firm are both headquartered. Musk, best known as head of the Tesla electric car manufacturer and energy company, launched his foray into public transit after complaining on Twitter in December 2016 that L.A.'s traffic was "driving me nuts," promising then to "build a boring machine and just start digging.".....
The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
