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.....
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American Car Brands and Consumer Reports' 2018
American Car Brands on the Bottom Half of Consumer Reports' 2018 Reliability Rankings
Another year, another predicted new-car reliability ranking from non-profit consumer products researchers at Consumer Reports. And this year, the domestic automakers aren’t looking so good, taking up 11 of the bottom 12 spots. Here’s a look at reliability rankings for all the brands. Each year, Consumer Reports sends a questionnaire to its members to learn about issues that they’ve had with their cars over the past year, and the severity of those issues. In their latest survey, CR got info on over 500,000 vehicles from model years 2000 to 2018, gathering information about problems that owners have had in twelve key areas, including engine internals, accessory drive, cooling system, transmission internals, drivetrain, fuel system, electrical system, brakes, climate control, exhaust, in-car electronics, and others. With typically 200 to 400 samples from each model, Consumer reports’ latest data shows every American automaker in the bottom half of the predicted new-car reliability rankings........
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