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  • Nevada governor signs $335M deal to lure electric carmaker (Faraday Future; backed by Red China)

    12/20/2015 5:37:16 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Dec 19, 2015 9:15 PM EST | Michelle Rindels
    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. ...