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EV maker Faraday Future's co-founder Nick Sampson steps down

October 30, 2018 10:08 PM
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(Reuters) - Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.

Faraday Future, which has ambitions of overtaking Tesla, said its senior vice president for global product and technology Peter Savagian has stepped down as well.

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