Faraday Future Uncloaks Mysterious Electric Car Effort In Gardena

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Faraday Future , a mysterious, electric car company based in Gardena, uncloaked last week, saying it will spend $1 billion on creating a new, U.S. The company is based in a former Nissan research and design building in Gardena--and is hoping to ship its car in 2017. manufacturing facility to build electric vehicles aimed at rivaling Tesla Motors. The startup says it is looking at California, Georgia, Louisiana and Nevada for the location of its factory.

Faraday Co-Founder Resigns

L.A. Business Journal

Nick Sampson, co-founder of Gardena-based electric vehicle manufacturer Faraday and Future Inc., resigned on Oct. 30 after calling the company “effectively insolvent

PCM Completes En Pointe Technologies Sales Buy

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El Segundo-based PCM said late Wednesday that it has completed its acquisition of Gardena-based En Pointe Technologies Sale , an independent Microsoft IT solution provider. The asset purchase deal was worth $15M in cash, plus also includes unspecified earnout. PCM said the deal will "significantly" enhance its relationship with key vendors, and also help it scale its business. READ MORE>>. enpointe technologies point merger acquisition sales services integration integrator

Cover Technologies Finds $1.6M For Algorithm Designed Buildings

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Gardena, California-based Cover , which develops technology which uses algorithms and software to build custom, prefab buildings, including backyard studios, has raised $1.6M in a seed funding round. The funding was led by General Catalyst and Khosla Ventures, and also included Fifty Years, Hyperspeed Ventures, and angels.

Faraday Future Unveils Formula-E Racer

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Faraday Future has unveiled plans to develop electric cars in Los Angeles, where it has its headquarters in Gardena, but has been extremely stealthy about those yet-to-be-announced vehicles and plans. Los Angeles-based Faraday Future , the stealthy electric car company, has unveiled its entry into Formula-E , the electric auto racing circuit.

Faraday Future Names Administrative Chief

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According to Faraday Future, it has named Henry (Hong) Liu to the position, based at its main campus in Gardena. Los Angeles-based electric vehicle upstart Faraday Future has named a new Chief Administrative Officer, Global Executive Vice President, and Global General Counsel at the company, Faraday said on Wednesday morning.

PCM Buys En Pointe Technologies Sales

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En Pointe was based in Gardena, and provided system integration services; PCM said En Pointe had revenues of $393M for the year ended September 30th, 2014. El Segundo-based technology service provider PCM announced this morning that it has acquired En Pointe Technologis Sales , in ann asset acquisition deal. PCM said it acquired En Pointe Technologies Sales IT solutions provider business, excluding the firm''s current tangible assets, accounts receivable and inventory.

EntComm Sells Division

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Gardena-based EntComm , a developer of software-as-a-service products, has sold its product division to a Indian software firm, TAKE Solutions. Financial terms of the sale were not disclosed. Texas-based TAKE Supply Chain, which is owned by Indian software provider TAKE Solutions, based in Chennai, said it would buy EntComm's product division, which develops software-as-a-service used for supply chain collaboration in the oil and gas, aerospace and defense, and manufacturing industry.