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Top related persons:
Jonathan Maroko - 1 Yun Han - 1 Faraday - 1 Tesla - 1 Yuvraj Malik - 1 Shailesh - 1
Top related locs:
Bengaluru
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FF - 1 Lordstown Motors - 1 Thomson - 1

Search resuls for: "Yun Han"


3 mentions found


☆ Faraday Future interim CFO resigns, firm to restate certain financial reports
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
July 11 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after it uncovered some errors, highlighting continued turmoil at the electric vehicle firm. The company, which had raised going-concern doubts last year, appointed outsider Jonathan Maroko as its new interim chief financial officer, effective July 24. Faraday Future also said its annual report for 2022, quarters ending September 2022 and March 2023 "should no longer be relied upon" due to certain errors. The company will file restated financial statements and the move will not affect its vehicle delivery timeline, it added. Last month the company secured $90 million funding commitment from existing investors and had in May announced plans to raise $100 million in debt.
Persons: Jonathan Maroko, Yun Han, Faraday, Tesla, Yuvraj Malik, Shailesh Organizations: FF, Lordstown Motors, Thomson Locations: Bengaluru
☆ Faraday Future slides on signaling need for funds to start production
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +1 min
Dec 16 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The company is in talks with new and existing investors to raise the $150 million to $170 million in capital needed to start production in March and deliveries a month later of the FF 91 Futurist, Faraday disclosed on Thursday. The company, which said it required investors to approve an increase in the number of shares to secure the financing, is also grappling with top-level changes. Last month, the board appointed Faraday Future's China Chief Executive Xuefeng Chen as its global CEO after Carsten Breitfeld was asked to resign. Reporting by Akash Sriram in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ Faraday Future names ex-Romeo Power executive as interim finance chief
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
Oct 26 (Reuters) - Electric vehicle startup Faraday Future Intelligent Electric Inc (FFIE.O) on Wednesday named Yun Han as its interim finance chief and accounting head, replacing Becky Roof who resigned earlier this month. Han was previously chief accounting officer at battery technology firm Romeo Power Inc . Roof, who has served as interim finance chief since March, took over after CFO Walter McBride stepped down due to health reasons. Los Angeles-based Faraday Future has spent the last few months locked in a fight with its largest shareholders and has been battling high costs and supply-chain disruptions that have delayed the production of its FF 91 vehicle to the fourth quarter of 2022. Reporting by Eva Mathews in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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