Lucid CEO Peter Rawlinson steps down amid $397M Q4 loss
On February 25, EV maker Lucid’s CEO, Peter Rawlinson, announced he would be stepping down after more than five years in that role. He will transition from strategic technical advisor...
TSLA327.510-5.3%
GM86.760-2.59%
F13.840-0.1402%
RIVN15.930-0.43%
CYD46.9300.17%
HMC31.310-0.39%
TM188.220-1.6%
CVNA72.4800.48%
PAG218.0001.34%
LAD378.5500.22%
AN208.6200.16%
GPI266.110-0.15%
ABG209.4101.66%
SAH81.0200.41%
TSLA327.510-5.3%
GM86.760-2.59%
F13.840-0.1402%
RIVN15.930-0.43%
CYD46.9300.17%
HMC31.310-0.39%
TM188.220-1.6%
CVNA72.4800.48%
PAG218.0001.34%
LAD378.5500.22%
AN208.6200.16%
GPI266.110-0.15%
ABG209.4101.66%
SAH81.0200.41%
TSLA327.510-5.3%
GM86.760-2.59%
F13.840-0.1402%
RIVN15.930-0.43%
CYD46.9300.17%
HMC31.310-0.39%
TM188.220-1.6%
CVNA72.4800.48%
PAG218.0001.34%
LAD378.5500.22%
AN208.6200.16%
GPI266.110-0.15%
ABG209.4101.66%
SAH81.0200.41%
Lucid
Who will drive America’s future? The battle for Michigan’s automotive crown heats up
The automotive industry has become a centerpiece in the 2024 presidential election, with Michigan, the heartland of U.S. auto manufacturing and home to over 1.1 million auto-related jobs, playing a...
Lucid expands to Detroit, taps local talent for growth and upcoming electric SUV launch
Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, officially opened its new office in Southfield, Michigan, this week as part of its strategic push to tap into Detroit’s automotive...
Lucid secures $1.5 billion investment from Saudi Arabia’s PIF to boost SUV production
Lucid announced on August 5, 2024, that its largest shareholder, Saudi Arabia's Public Investment Fund (PIF), will inject up to $1.5 billion in cash to ramp up production of a...
Ford hires top talent from Tesla, Rivian, and more to develop affordable EVs
In its bid to introduce more affordable electric vehicles, Ford has aggressively recruited top engineers from leading EV companies like Tesla, Rivian, Apple, and Lucid. This move is part of...
Lucid losses narrow in first quarter despite price cuts
Lucid's first-quarter earnings revealed positive shifts for the fledgling brand, with most financial metrics improving despite a global cooldown in battery-powered car demand.
The electric vehicle startup posted revenues of $172.7...
High stakes as new EV makers burn cash and seek lifelines
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting...
Lucid cuts Air Pure sedan prices to address buyer concerns and boost sales
On February 15, Lucid implemented its second price reduction in two months for the Air sedan, now starting at an MRSP below $69,900.
With the release of its second all-electric model...
UAW launches ambitious campaign to unionize non-Detroit automakers
The United Auto Workers (UAW) union has announced a bold initiative to organize 13 non-union automakers operating in the United States. This announcement comes in the wake of the UAW's...
Lucid unveils its electric Gravity SUV, offering 440 miles of range
The California-based startup Lucid has ventured into the lucrative and fiercely competitive SUV industry with its debut offering, the Gravity, built on the same platform as its Air sedan.
Lucid claims...
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