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Ford dodges UAW strike, used car prices fall, EV startups report Q4 earnings, Fisker expands dealer network, and Cruise shakes things up.

Weekly roundup: Ford averts UAW strike, Fisker expands dealer network, Cruise...

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Earlier this week: Ford narrowly averted a UAW strike at its Kentucky Truck Plant by reaching a tentative agreement. A ratification vote is pending...
For dealerships specializing in brands known for driver engagement, the transition to EV performance cars brings challenges and opportunities.

Closer look: the impact of electrification on performance cars

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Like it or not, the car business is advancing toward an electric future. Government mandates are pushing automakers to electrify their lineups. This tremendous...
PIF, Lucid

Lucid aims to raise $3 billion from Saudi Arabia’s PIF

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In a move that sent shares of the luxury EV manufacturer down 9% after market hours, Lucid revealed its ambitions to raise around $3...

Weekly Roundup: Rivian fumbles, Manchin makes a stand, used car market...

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Weekly Roundup Earlier this week: Rivian's stock dropped to its lowest, falling roughly 92% from the initial trading of $130 in 2021, used car prices...
EV Startup Lucid

EV startup Lucid plans to lay off approximately 1,300 employees

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In an effort to reduce running costs and preserve cash before launching a second model next year, EV startup Lucid plans to lay off...
Lucid EV production

Lucid’s projected revenue falls short in 2023, prepares for increased EV...

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Only days after reducing its reservation total from 34,000 to 28,000, EV brand Lucid revealed plummeting Q4 revenue. The manufacturer earned $257.7 million between...
Lucid credits

Certain models of Lucid’s Air luxury vehicle will qualify for a...

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Lucid announced that owners of certain Air electric luxury sedans will be entitled to a $7,500 credit. However, Lucid will be responsible for paying...
Lucid Motors

Lucid Motors starts delivering Touring Air, unveils electric Gravity SUV

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Lucid Motors has officially launched its newest luxury electric vehicle, the Air Touring, and the company says the Air Pure will follow later this...
Lucid sues texas

Lucid sues Texas over dealer franchise laws

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Lucid Group is taking legal action against the State of Texas, claiming that the state’s “economic protectionism” guidelines imposed on auto dealers are hindering...
Lucid

Lucid reports Q3 loss of $530 million, confirms 2022 production goals

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Lucid Motors released its third-quarter financial results on Tuesday, reporting the company tripled the number of Air EVs produced compared with last quarter. The...