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Nevada governor signs $335M deal to lure electric carmaker (Faraday Future; backed by Red China)
Associated Press ^ | Dec 19, 2015 9:15 PM EST | Michelle Rindels

Posted on 12/20/2015 5:37:16 PM PST by Olog-hai

Nevada Gov. Brian Sandoval approved a $335 million incentive package to attract upstart electric carmaker Faraday Future's billion-dollar factory to a hard-hit Las Vegas suburb, even though the company has yet to unveil a concept car or bring a product to market.

The move came shortly after the Legislature voted overwhelmingly to support the deal Saturday, after a four-day special session in Carson City. Lawmakers learned last week that Chinese billionaire Jia Yueting was backing the secretive California-based company, which employs some former Tesla Motors executives, and that Faraday plans to bring 4,500 direct jobs to Nevada. ...

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; US: California; US: Nevada
KEYWORDS: briansandoval; china; cronycapitalism; electriccars; faradayfuture; influencepeddling; jiayueting; redchina

1 posted on 12/20/2015 5:37:16 PM PST by Olog-hai
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To: Olog-hai
Awesome!


2 posted on 12/20/2015 5:39:34 PM PST by o_1_2_3__ ( –)
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To: o_1_2_3__

Fire A day Future


3 posted on 12/20/2015 5:42:08 PM PST by cripplecreek (Pride goes before destruction, and a haughty spirit before a fall.)
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To: Olog-hai

Would be better to just burn the money.


4 posted on 12/20/2015 5:43:05 PM PST by Jim Robinson (Resistance to tyrants is obedience to to God!)
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To: Jim Robinson

You mean without bothering to turn it into a car first?


5 posted on 12/20/2015 5:46:24 PM PST by o_1_2_3__ ( –)
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To: Jim Robinson

IIRC it was a Chinese company intent upon using SAAB as the basis for some electric car in the future that purchased the now defunct SAAB rights from General Motors.

Curious IF Americans will be used to perform all the R. & D. under the name of Faraday for the Chinese SAAB whether it bears the name SAAB, or not.

Might be some American techies quite disappointed in their futures about the time the R. & D. is winding down.


6 posted on 12/20/2015 5:52:37 PM PST by rockinqsranch ((Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.))
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To: Olog-hai

What a deal. That’s only $74,444 per job.


7 posted on 12/20/2015 6:01:54 PM PST by Blood of Tyrants (There's a right to gay marriage in the Constitution but there is no right of an unborn baby to life.)
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To: cripplecreek

somehow harry reid will get a payday out of this.


8 posted on 12/20/2015 6:04:14 PM PST by Palio di Siena
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Elio Motors website (image search)
http://www.google.com/search?q=site:eliomotors.com&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi

https://reservations.eliomotors.com/

http://www.freerepublic.com/tag/eliomotors/index

Elio Motors at the LA Auto Show
http://www.eliomotors.com/eliomotorsatlaautoshow/

Elio Motors brings refined 84 mpg P5 trike to LA
Deliveries Will Start In Late 2016, CEO Says
http://www.autoblog.com/2015/11/19/elio-motors-p5-trike-la-2015-video/

general image search:
http://www.google.com/search?q=louisiana+84+mpg+auto&sa=X&oi=image_result_group&tbm=isch

Elio Motors’ 84 mpg, $6,800 three-wheeler continues to play hard to get
http://www.gizmag.com/elios-motors-delay-2016/35928/


9 posted on 12/20/2015 6:05:41 PM PST by SunkenCiv (Here's to the day the forensics people scrape what's left of Putin off the ceiling of his limo.)
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To: Olog-hai

Nevada gov aren’t actually spending $300 million. They’re just not collecting $300 million worth of taxes as long as X company spend billions in investment in the state


10 posted on 12/20/2015 6:21:20 PM PST by 4rcane
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To: 4rcane

Exactly. It’s a tax cut. You’d think conservatives would support every tax cut possible. Especially when those lots of new jobs could easily go overseas.


11 posted on 12/20/2015 6:49:30 PM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
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