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.....
Recent:
JarAutoNews
Porsche Hypercar & Trademarks
Porsche Trademarks Tasty Hypercar
Porsche's supercars are few and far between, but well worth the wait; just take a look at what they've blessed the automotive world with since the turn of the century. The Porsche Carrera GT came out in 2004, a solid 16 years ago. That car's mid-mounted aluminum V-10 displaced a healthy 5.7 liters and produced an even healthier 605 horsepower and 435 lb-ft of torque. The best part was that it came only with a six-speed manual transmission and took carbon fiber and weight-saving technology to fresh heights..
read more...
Menu
Other News
Ridesharing sometimes feels like an inherently vulnerable and risky method of transportation...
Last week was a difficult one for Tesla. After the carmaker waged a public war of words with federal safety regulators, CEO Elon Musk picked a Twitter fight with a magazine and may have improperly revealed financial information.
