Category: Electric

EV startup Faraday Future raises going concern doubt

Faraday Future Intelligent Electric said on Monday that it had "substantial doubt" about its ability to continue as a going concern after it reported lower cash reserves. The company said it had $31.76 million in cash as of the third quarter ended Sept. down from $121 million at the end of the prior quarter.

Bridgestone Awarded $35 Million USDA Climate-Smart Grant to Advance Guayule Natural Rubber Production

The US Department of Agriculture (USDA) has awarded Bridgestone Americas (Bridgestone) a $35 million climate-smart grant to invest in the desert shrub guayule in order to increase natural rubber production in the United States and provide growers with a crop that is more environmentally friendly while also tackling the ongoing water crisis in the Southwest. […]