Billion dollar car companies don’t pop up overnight. Well, except Apple Faraday. It plans to release its first vehicle in 2017, and claims it’ll have 15 percent more range than the Tesla Model S. Bold. It’s also spending some serious loot. According to a recent blog post, Apple Faraday plans to spend $1 billion to develop a manufacturing plant in California, Nevada, Georgia or Louisiana in order to “explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving.” The well-funded startup currently employs 400 people and adds 10 new hires a… This story continues at The Next Web

Topics:  apple   tesla model s   bold   california   nevada   georgia   louisiana    the   the next web   faraday   car   plans   billion   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News