Lead: US auto media Jalopnik recently released a long article about the future of France and Jia Yueting booth insider .More informed sources and future employees of Faurecia described the contradictions between Jia Yueting and other employees of the future Faurecia; they said that if the Fa Music in the future want to survive, Jiayue Ting must leave.  The following is the full text of the article: Former employee: Jiayue Ting is a 'fortuitous billionaire' In the affluent Los Angeles suburb of Rancho Palos Verdes, there is a 7800-square-foot home on picturesque cliffs overlooking the beautiful Pacific Ocean. The house has 2 floors and 6 bedrooms , Seven bathrooms and a three-car garage to protect the privacy of the owner We did not find a home in the street view imagery provided by Google Maps, which is remarkable for the city. It, the owner of the house is Ocean View Drive company. According to information previously released, Ocean View Drive's registrant, Chaoying Deng, is Valeo's future executive vice president, and in 2016 Ferrero's future stated in his report that the company's CEO is Jiayue Ting, and Jiayue Ting is the main financial supporter of the future of Fa Le. In the past year, financial issues have plagued Farrell's future. Ocean View is a shell company that is part of the technology kingdom. Faroese future crises, Ocean View still holds Rancho Palos Verdes house, and the crisis continue to swallow the company. Future executives at Faurecia also took the nickname 'The Clubhouse' (Clubhouse) to the dwelling, and four insiders said the dwelling has multiple uses: it is a hotel for new employees, a meeting place for businesses, Is a luxury venue for events, there are private chefs, regardless of the occasion can cope with, to provide beautiful meals.A source said, When the party will drink a lot of whiskey and wine, often up to 2,000 US dollars. On the one hand, Falule the future into trouble, unable to extricate themselves, on the other hand, the house is so luxurious luxury lifestyle, in stark contrast.A new batch of executives left the company this month, the original Jiayue Ting is a shrewd entrepreneur, But for now, he alone is left alone to repair his damaged image. In 2015, Farrell's future debut, it tells the world what should be the future of the car, caused a sensation at a time when Fa Le Di future want to create fully automatic driving, beautiful pure electric vehicles, these cars are carefully adjusted, and The driver's taste corresponds, just like a smart phone, and Faulké's future says that his car is better than all the cars of the moment, and that it can eliminate existing cars. Nick Sampson, senior vice president for Farrell, said in 2015: 'The car should start learning to know what I want, what I like, where I want to go.' Unfortunately, the future of Faurecia is just a few Model prototype car, detonated a series of questions, no other than this. What is the future of Fa Le Di? And last year, almost at the same time, the company is also very uncoordinated, while the flagship car at the CES show, on the one hand, the capital contingency, runescape power leveling, away from bankruptcy only a few steps away. , And then hurried away, 2017 is almost over, and its fate seems to be no different from 2016: The company is still bleeding. Continued loss of staff, low cash hovering, corporate litigation, the reason involved in the same basic reason for the same reason: the arrears of fees, such as meal costs, warehouse rental fees. Farrell refused to send an interview in the future, and the company just issued a short statement: 'As a private company, we do not comment on any financial, legal and business planning matters relating to the future of or the investor ' Fa Le Di future has stood at the breaking point, at the core of the still Jia Yueting, also is the 44-year-old founder of music as informed sources said Jiayue Ting on the error is stubborn.For example, Jiayue Ting unwilling to hand over the future of the French music Control, even if the business may not want to compromise this year, investors sat down at the negotiating table, ready to buy the company's shares, are willing to buy, but sources said the transaction requires Jiayue Ting aside .However, so far Jiayue Ting refused The request. Jalopnik had conversations with seven insiders, including ex-staff and people familiar with the company, how Farrell survived in the future? Their views were similar: if they wanted to survive, they had to get out of the house. Michael Dunne, automotive industry expert and president of Dunne Automotive, a consultancy in Hong Kong, said: "In fact, he has proven himself to be a good entrepreneur, very successful and highly respected. Only in this matter He can hardly reach his goal.  Looking back at Jia Yueting's professional life, it is clear that he wanted to overturn the technology industry at an ultra-fast pace. Jia Yueting started music and made a lot of money in China. A few years later, he again went to the automotive industry because the future of electric vehicles And driverless cars will become rulers. Subsequently, some of the future executives of Farrevo left the company, and he found herself increasingly indebted and has been growing since autumn of 2016, when AECOM, a construction company, demanded that Fargo pay up to $ 21 million in arrears in the future. Month, AECOM informed Farrell of the future, either pay, or the Nevada factory will be suspended .Fallle later abandoned the construction plan, originally it is ready to invest 1 billion US dollars to build the factory. At that time, Farrell said in the future that the company was arranging money. Ocean View was not idle either. Just 11 days after AECOM's letter, Ocean View submitted an application for the construction of a new facility at Ranchos Palos Verdes, a swimming pool and a spa. An ex-Faure employee who asked not to be named said: "I think he is a fortuitous billionaire and the money is too easy."
The history of the future of Fa Le Di: Jia Yunting car dream Stefan Krause, the future CFO of Farrell, confirmed that he had resigned in mid-October and that it was not long before, that is, last week, Jia Yueting pushed the company further into the abyss. In another statement, Farrell said in a separate statement that the company considers Klaus a dereliction of duty and in fact is the future of Farrell. Klaus Klaus is preparing a lawyer who will try various alternatives to give a statement Respond. On the same day, Jiayue Ting expressed his dissatisfaction with Falulei's future employees. In an email from Jiayue Ting, he said: 'I know very well that we have over 1000 employees worldwide, all of them around the clock Hard work company, although there will always be some noise on the ear, some people do not trust us, but we still have to work toward the goal, the FF 91 to market as soon as possible. This response seems to be very much in accordance with Jiayue Ting's character - the staff of the six Former Faraday Futures companies revealed their views of Jiayue Ting, thinking he was ambitious but arrogant, although the surrounding environment had been his Very bad, but he still refused to give up this project. One of the former employees of Faurecia Futures said: "Jia Yunting has always been himself and has not changed anything. In fact, outside public opinion of him is still somewhat biased toward him." The staff continued: 'He is more like a western gunner with an itchy finger, but not a rational calibrator.'  Jiayue Pavilion Jiayue Ting Jiayue Ting Jia Yueting was born in 1973 in a rural family in Shanxi Province, China, with a low level of education. Various media reports portrayed his childhood as coming from a thrifty family with few things around him. In the summer, for example, When the time, the local steel plant will stop working holiday. However, after graduating from Jia Yuetting, he immersed himself in the technology industry and before he started his own career, he worked as a computer technician in the local taxation department, and earlier in his career he worked in sales of cell phone batteries. Jia Yueting received the first pot of gold, resigned from the tax department in 2002, and the sea set up a company called Hewlett-Packard's wireless communications company, the company listed in just five years, and at the same time Jia Yueting founded LeTV as a company - once known as 'Netflix' in China. In the name of LeEco, Jia Yueting again let Music Watch successfully listed in 2010, then its business expanded rapidly to a number of markets, including television, streaming video services, movies, and smart phones.Not only that, the company's rapid number of employees Growing by more than 10,000, while as a public company, they have annual revenues of more than $ 1 billion.  However, the rapid development of LeTV also raised questions about the background of Jiayue Ting, who soon disappeared from the public view and did not show up until a few months later. In 2015, he accepted "Forbes" Magazine interview said he has been treating the tumor, but also insisted that he has nothing to do with the anti-corruption investigation. Interestingly, this incident did not seem to slow down the development of music, even though there are many industry observers began to call investors vigilant on music.Jia Yunting with their own ambitions to continue moving forward, music companies as growth and expansion plan has not Limited to the field of science and technology. At this point Jia Yueting aware of the unprecedented challenges, especially in the face of fierce competition in the industry in order to overcome the difficulties and survive, music as the need for a steady stream of cash flow support. Speaking to Forbes magazine in 2015, Jiayue Ting said: 'Public companies have to grow rapidly and we have to get funding to support new businesses that burn money.' Of course, the strong development momentum of LeTV also gives Jiayue Ting enough courage. He once said that LeTV has the ability to surpass any other technology giants at one time, including Apple, Tesla, Netflix and even all of them. Instead of just thinking of himself as a competitor, LeTV hopes to show a strong opponent, with Garment's dress becoming like Steve Jobs, wearing simple shirts, plain jeans and plain shoes Music companies are also beginning to launch a large number of similar products and Apple, such as smart phones, smart TVs, etc. The growing empire of Jiayue Ting, he began selling his own story, investors have to pay for it However, this time Jiayue Pavilion Seems to be dazzled by victories, sometimes overreaching public tolerant-he had publicly labeled Apple as Hitler, though he apologized for that. At this point, EVs have entered into the blueprint of Jiayue Ting, an expert on China's automotive industry who recalled a story of the year that made him addicted to EVs: on one day in 2014, Came to the United States, and then test the Tesla for the first time, and then Jia Yunting suddenly flash; at the moment of getting off, he said: 'We have to do electric cars.' After that, he invested in Atieva, an electric car startup that has now been renamed Lucid Motors and actively promoted LeTV into the electric car industry.Although it looks ambitious, LeTV seems vaguely ambitious as Jia Yueting hopes to build A 'smart', 'connected', fully automatic, full-speed car that reaches 130 miles per hour and was officially funded by the end of 2014 to create the future of Farrell, soon attracted a group from Silicon Valley and traditional car manufacturers Of the best people, and even some of Tesla's employees have switched jobs. Fargo Futures Inc. unveiled a massive plan to invest $ 1 billion in the U.S. state of Nevada to build a plant to make an all-electric supercar, which is said to be located in Nevada due to a generous tax revenue locally Incentive policy.Jia Yuet Ting want this sports car spike Tesla, but also to completely subvert the world's personal travel view.  At the 2016 CES show, the concept car to be displayed in the future by Faulké At the CES 2016, Farrell's concept car for future exhibitions At the 2016 CES show, Faro's future concept car Last year, in an interview with Reuters, Jia Yueting said: 'Tesla is indeed a great company because they have brought the global automobile industry into the electric age. However, we are not just producing cars. We think the cars are actually A smart mobile device on four wheels, essentially, a car is no different from a smartphone or tablet. ' However, this innovative concept that Jia Yueting hopes to build on the future of the company is not favored by insiders and observers in the industry.Music, the future of the company, and Lucid, the three companies cut their ties and even made Fewer industry watchers and reporters are confused. Is there any overlap between the future of Foley and the business of Lucid? Will Foley's future work in concert with the TV program? What is the future position of Galleria in Foley? When will his role begin? End? Why does not Faurecia appoint a chief executive officer in the future? Is Jia Yunting the chief executive of the company? If not, why not? Whether it is LeTV, or the future of Faurecia, the background of them Little is understood, and quite a few issues are complicated. (Jia Yueting had previously said he planned to sell his stake in Lucid, but for now parties refused to respond.) A former employee at Faurecia Futures said: "Jia Yueting always wanted to do many things at the same time, but he did not have enough resources to make everything successful. According to Jia Yuanting's initial commercial plan for Farrell, he did not just want to beat Tesla, but according to the future employees of Farrell, he expects to produce 2 to 3 million cars a year in 10 years, and hopes they The platform between the few models you want to build varies, and he also wants to build factories in the United States and China at the same time.A staff member said that Faller will visit some closed car factories in the future, such as Louisiana The former General Motors factory. An informed source said: 'The incentives offered in Louisiana are simply unheard of, not just tax cuts, but also cash subsidies worth more than 400 million U.S. dollars.' However, this is not the most important, mainly because Jia Yunting wants to build the factory as soon as possible within a limited budget. Two future employees of Faurecia said that he wants to spend $ 3 billion on his grand ten-year plan and many investors find he is not kidding and giving up his investment. Jia Yunting, far underestimated how much money his car empire will be invested in, according to the source, his senior adviser, a car industry expert, actually calculated the cost of his Great Decade plan at a forecast of 25 billion U.S. dollars. After learning about the result, Jia Yueting laughed at them and expressed doubts about the figures. However, this is a fact. One person familiar with the Jiayuting project said: 'Their demands were ridiculous. They did not realize that it would take billions of dollars to build a car!'
Cruel reality: Confusion shows up at CES Cruel reality began to slowly exposed. Following its public launch in late 2015, the company plans to showcase a car at the Consumer Electronics Show in Las Vegas, the media hype about the car, and everyone is looking forward to the future of Notre Dame not just It's a cool concept with more aspects to show. But regrettably, he did not do so.Folle the future just put on a model similar to the Batmobile, even if they carried out a technology show, and other concept car, are actually not as good as the original speculation Excellent, but they say 'real car' is already in beta and will be there soon. Jia Yueting has invested heavily in this project, the end result is just a useless static concept called FFZERO1, and his original ambitious goal too much.This result is not satisfactory, But not surprising. At the CES stand, future French music executives compare their car to the 2007 iPhone, claiming it can be driven either manually or automatically, claiming that it will change all that we know about the car and promise to use it Advanced technologies such as AI learning and virtual reality subvert the world's definition of modes of travel.  In short, Farrell promised a car in the future - to do everything the car can not do today, but people are suspicious of it. Building a car is not an easy task, but it is not hard to bring in skilled workers thanks to Jia Younting's beautiful plan for the future and the seemingly inexhaustible supply of China's science and technology industry. The industry itself introduced similar ideas, sharing the future with cars Outdated, electric fully autonomous cars will take people around the world through smartphone apps, a vision that in 2015 was unimaginable to public and automotive industry personnel, but Jiayuenting is different from them. One former employee can not help but exasperately praised: "His thoughts on the future of the car may be the best I have ever heard in the world." Led to high salaries and staffed with their brains in mind, the company has grown to 1,200 employees, a billionaire who is crazy about the future of the car world, said two former employees, At that time, the future of Farrell was the paradise of engineers and designers. Despite the slow development of a flagship production carmaker, future difficulties in cash operations are not significant, but Mr. Joyce's over-hyped activities in the electric car industry include investing in Lucid Motors, releasing cars under the LeTV brand and Investing in the future of Falesia began to exhaust the future of Falesia. As of the end of 2016, irregularities appeared more and more in Faller's future accounts. At that time, the company's chief financial officer began to attach importance to the complicated situation caused by the complex corporate structure of LeTV Corporation, the lack of internal control and some problems in bank accounts, Future financing of the company may be affected. One employee said if you were there you would see the wall saying: Heaven is no longer. In October 2016, the brutal reality was clearly presented in front of Jia Youting, a month when the construction company responsible for the construction of Farrell's Nevada factory was sent with the first overdue payment notice and the employees panicked. In the meantime, Jia also focused on launching his own electric car, LeSEE, and in the weeks that ended, Faludi's future employees had left their project to invest in the LeSEE project. The debut of the conference launch of the car. Things were disappointing and LeSEE did not attend due to unknown reasons, but Jia Youting brought new good news: Marco Mattiacci, former Ferrari F1 boss, joined his team as Farrell The future chief commercial officer post. In an exchange with Jia Diyao, Jia Yueting said that Falulei plans to launch its own electric car at the upcoming January 2017 CES meeting. Obviously, this is beyond anyone's expectations, including Madiaci. According to several sources who spoke with Jalophnik, during this period, there are two plans for the future of Fa Leo: going to CES or not. Internally, The opinion of most executives is that while their FF91 number claims 1050 horsepower to beat Tesla, it is not yet well-prepared. But Jiayue Ting rejected any concession, many executives have chosen to leave. Jiayue Ting insisted that cars be prepared to take part in CES, which means employees have to work exactly one December, including Christmas and New Year, and a former CES executive told Jalopnik that he slept only an hour each day during that time and spent the rest of the day Work overtime. A former ex-employee of Farrell said: 'No one has slept in the last two weeks, and this fratricidal decision has angered most executives and led to a brain drain before CES.' Another source said that the budget for the show was initially seven-figure, but that number has been declining over time, and it is clear that it is impossible to reach the initial effect that Mr. Jia Yueting thought. When executives were leaving, the workforce was disorganized, and workers fled the company a few days ago.According to two insiders, some executives, aware of the situation they are facing, have proposed a move away from the International Consumer Electronics Show (CES) on the show, an independent exhibition in the future .This opinion was flatly rejected by Jia Yueting. The style on the day of the press conference was similar to that of the previous press conference held by Jia Yuanting, but the audience was full of expectations. However, the 45-minute release originally planned to become an awkward 'catching the duck shelves' and the distress scene did not let the audience know exactly FF 91 The original automatic parking feature was a mistake in the show but beat Tesla in the drag racing but what about the superb speed and the future EV world? Unfortunately, the conference showed something: the future of Farrell is fantasy, and in order to function properly in the event of a malfunction, the car uses a large number of redundant pieces and its condition is a problem. The car's autopilot performed well at CES off-site test drive, so some investors are still confident of the company. But two insiders said the failure of parking demonstrations on the stage was a clear sign of the company's financial woes and that's why the interior features of the car were not fully displayed. "The insider also mentioned the door have flaws. In fact, some employees have long predicted that the parking demo will fail because the arena is not a standard parking lot - Nicolas future senior vice president of music and entertainment, Nick Sampson, admitted later that it was a problem - but the presentation was still As scheduled, this perfectly confirms the future of Fa Le Di internal discord. In spite of this, Faurey's future shows its strong appearance, and for the public, Faurey's future claims that this carefully planned presentation is merely an attempt by FF91 at this stage to allow multiple phases of the project to be Better interpretation, and ultimately, more features will be demonstrated. "Although all opponents are skeptical, we will stick to it." Sampson said at the event, 'We will make the impossible possible.'
Confusion continues: executives and employees are leaving But after the CES, the chaos continues: after the conference, the company sued for a series of lawsuits: $ 1.8 million in promotional video production costs, $ 580,000 in headquarters building electricity and $ 210,000 in site domain purchases (Generally speaking, Faliro said in the future that it will not comment on the pending lawsuits, but court documents indicate that it has denied the allegations in the future.) At the end of January this year, Beim Maple Properties filed a $ 15 million asset-loss litigation settlement because they had to recover a warehouse LeFaro leased in the future, and the indictment states that after the expulsion of Le French No new tenant was found, and the lease agreement allowed it to receive all the rent losses it deserved from the future of Faurecia. (A lawyer in Maple Leaf did not respond to a reporter's comment.) However, he still managed to use his personal charisma to gain a high profile talent to operate the company.Klaus is BMW and Deutsche Bank (Deutsche Bank) nearly 30 years of senior staff, took office in March this year, the world's future chief financial Faer Leader Official, responsible for ensuring 'Farrell's future sustainable development in the global market.' This summer Klaus tried to raise funds to raise $ 1 billion for the future of the company, and in July Ulrich Kranz, another former BMW executive, joined Faller in the future as chief Technical Officer. Following the appointment of a large number of long-serving executives in the automotive industry, Farrell's future may be brilliant for these individuals' personal careers. But then things got even more bizarre. Although the prospects for Faluse in the future seem less severe, the main efforts at Jia Yunting are collapsing, and in April this year, Faldo later laid off most of its employees in the United States after experiencing a serious shortage of funds. The lawsuit prompted the Shanghai court to freeze its 182 million U.S. dollar assets in July due to a default on payments by Jia Yunting. Television maker Vizio filed a $ 60 million lawsuit against LeTV after the merger failed, and in early July Vizio sued Jia Yunting himself in court demanding that he have a potentially significant financial stake. Extraordinary and perplexing that Fa Le Futures Company said that what Jia Yueting did in the near term was in fact consistent with the long-term goal of the company, while at the same time Jia Yuanting announced that he would resign in all related positions at LeTV and only focus on Faer Yue The future development. A Faurecia Futures spokesman said: "The news has no bearing on FF's day-to-day operations. It directly affects the diversification of FF financing and will put the FF 91 to market in 2018." Few days later, Farrell confirmed that it has withdrawn its planned $ 1 billion plant in Nevada, replacing it with plans to find a new site in the future. Klaus has successfully found a potential investor - Indian automaker Mahindra has been serious in negotiations to buy Faller in the future, but people familiar with the matter said there was no result.  Farrell planned to build the land in the future Fa Le Di future planned land for construction By the end of August, Farrell's future funding is running low, but it has good news to rely on: Farrell secured a $ 14 million emergency loan in the future to sustain its operations and found a new home in California However, according to a person familiar with the matter, despite the interest shown by more than 24 financiers, it is still an impossible task and there is no significant capital to spend on Klaus's $ 1 billion The financing will not bring any net income to investors. Many insiders said that this is not a problem with the future products of the company, and investors are only willing to continue holding the company without the participation of Mr. Jia, rather than reorganizing the future debt of the company according to Chapter 11 of the Bankruptcy Law. Informed sources, Klaus tried to promote, and Jia Yueting refused to give up any power. The stalemate brought a new wave of resignations, and more Falulear veterans left the organization in early October. On October 14, Klaus filed for resignation with the company and left immediately. A day later, CTO Crane It also resigned immediately, with people familiar with the matter saying there were still more executives and employees left afterwards. "Klaus is the only reason the company can keep it up," said a former employee. "Applying for bankruptcy is the only way FF can survive, knowing that dismissing Jayeeping is the only way to get out of that situation and now he's gone, Others will not stay in the company too long. The issue of music has prompted Chinese regulators to step up scrutiny of similar companies, which have been criticized in recent weeks as the regulator responsible for overseeing the public offerings of companies, The lawyer was arrested for wrongdoing. Jayuning denied any doubts about cheating in the process of listing music, but he kept a low profile and remained at the headquarters in Falesia, Calif. Last month, Chinese media exposed a report alleging that Faldo provided potential investments People's documents were followed by rumors of possible bankruptcy in Faure. The document set out a plan that would require Faldo to go into bankruptcy proceedings and hand the company over to a new investor, which reflects the way Krauss wants to take it. Falco denied the company's authorization to make this However, sources said the details in the document undoubtedly reflect an investment plan that Faulkner put on the negotiating table. This intricate strange situation continued until November. Kraus and Jiayue Ting divergence gradually exposed.Klaus said he had already resigned from the company a few weeks ago and Farrell countered in a rhetorical statement Said the company actually fired Krauss and threatened to take legal action against him and Klaus lawyers did not respond. A former employee said that Faroese's approach and a description of Claus's eight-month work was "nonsense." This is just the usual strategy of Faulkner. The source said: 'They want to save face, and that happened many times during my time in Falesia, and every time, they immediately went into rebound mode.'
Financing is heard: Jia Yueting difficult to find followers On Monday, a surprise news temporarily weakened confusion: There are anecdotal evidence that India's Tata Motors, the parent company of Jaguar Land Rover, plans to acquire 10% of Faldo for $ 900 million, and if the investment is finalized, Farre said to be a savior. However, the news was not true, and Tata clearly denied the rumor on Wednesday. In an interview with the Indian media, a Tata spokesman said: 'The news is not true and we therefore have no comment.' Informed sources said the news was released by people from China's Faroese in order to portray Jia Yunting as Is working to lead the company to the right direction. This does not seem to be all.Jia Yuet Ting also face another charge involving Ocean View Drive.This is a shell company, controlling the Jia Yunting luxury Rancho Palos Verde.The plaintiff in the lawsuit was the company's former employee Myers Bo Miles Bernal, who accused Jia and the company of terminating his contract improperly and filed a series of allegations about the use of the entity for its own benefit. According to a previously unheard-of lawsuit, Jiayuenting and the other two executives in Faldo 'mix their money and use the company's assets as personal property, including but not limited to personal use of the company's vehicles and funds. "The lawsuit Allegations were also made that Mr. Jia Yunting transferred Ocean View's property to himself during his corporate responsibility. Bernadi's attorney did not comment on this news, Ocean View's lawyers did not respond. The case is still pending, the court will hold a hearing on November 27. Jia Youting still has some intimate partners in the core circle and they seem willing to work hard for the rest of the future, even though the situation in Faurecia is precarious. Sources said that music loyalists who are loyal to Jia Youting were introduced into the company to replace the separation of Falun Top executives. According to sources, Jiayuenting hid in California, the United States face the harsh situation, Jiayue Ting himself and their own goals have a firm confidence. In the past, Mr. Jia has set an incredible business plan for Faldo, producing 3 million cars in the next 10 years, sources said, and the plan is being reintroduced. However, Jiayue Ting once again find enough followers, which is another issue. A former employee said: "Every Falladi employee who is a non-LETV think that as long as Jalaing is still the company's policy maker, the company can not sell any car."
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