Faraday Future hires Michael Agosta as VP of finance


The Californian EV startup Faraday Future has signed a vice president of finance: Michael Agosta is coming from Ford, where he also worked as a finance VP for the middle east and Africa.

Agosta is taking over from Stefan Krause, who left Faraday Future after a falling out, and is now working with another EV startup named Evelozcity with another former FF employee; Ulrich Kranz. Before entering the automobile industry, the finance VP was a senior manager with the consulting companies Ernst & Young and Arthur Andersen. In the announcement, Agosta is quoted as saying that 2018 will be a big year for FF due to the launch of the FF 91.

The statement further confirms that Faraday is planning to follow through on their promise to launch their first EV this year. CEO Jia Zueting also made a very secure impression at a meeting with suppliers in February. The FF 91 is the first serial model from the US American/Chinese company. The vehicle is set up to handle autonomous driving, and will feature four-wheel drive with a 783 kW combined performance. The NEFZ range is set at an ambitious 700 km when it was introduced at the CES 2017.

Afterwards, Faraday mainly made negative headlines, particularly with financial troubles and legal problems. CEO Jia Yueting is black-listed in China for his debts, and has been living in the USA for some time, as a result. Recently, there have been some more positive indicators that Faraday may have found a serious investor.



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