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Tag: Lucid

Lucid to cut 1,300 workers amid signs of flagging demand for its EVs

Lucid to cut 1,300 workers amid signs of flagging demand for its EVs

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins investing on the Nasdaq stock exchange immediately after completing its small business mixture with Churchill Funds Corp IV in New York Metropolis, New York, July 26, 2021. Andrew Kelly | …
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Lucid recalls Air sedans for potential motor shutdown

Lucid recalls Air sedans for potential motor shutdown

Lucid is recalling quite a few hundred of its new Air sedans to deal with a mechanical problem that can lead to a reduction of generate electric power. The EV startup claims the trouble is very likely to manifest only in a handful of its autos …
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Luxury EV maker Lucid appears to have a demand problem

Luxury EV maker Lucid appears to have a demand problem

Folks exam travel Dream Edition P and Dream Edition R electrical cars at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxurious electric powered motor vehicle maker Lucid seems to have a need dilemma. The enterprise stated for the …
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Lucid sees 2023 EV production far below forecasts, shares drop 11%

Lucid sees 2023 EV production far below forecasts, shares drop 11%

Lucid Team on Wednesday forecast 2023 manufacturing properly shorter of analysts’ anticipations and documented a significant fall in orders all through fourth quarter, sending the electric powered carmaker’s shares down 11% just after hours. Lucid reported it expects to produce 10,000 to 14,000 luxury electric autos …
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Lucid (LCID) earnings Q4 2022

Lucid (LCID) earnings Q4 2022

Electrical vehicle get started-up Lucid on Sept. 28, 2021 said output of its first autos for shoppers has started at its manufacturing unit in in Casa Grande, Arizona. Lucid Electrical car or truck maker Lucid on Wednesday claimed fourth-quarter revenue that fell short of expectations after …
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Aston Martin and Lucid Is an Odd Pairing That Just Might Work

Aston Martin and Lucid Is an Odd Pairing That Just Might Work

• AMG seems to be unwinding its romantic relationship with Aston Martin. • The British model could be scooped up by Geely. • U.S. EV startup Lucid may well be the best pairing of all. Aston Martin’s good friends-with-rewards romantic relationship with AMG is coming undone. …
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Lucid offers EV price cuts on some Air luxury sedans

Lucid offers EV price cuts on some Air luxury sedans

Lucid Air Courtesy: Lucid Motors Lucid Team said Thursday that potential buyers of sure versions of its dear Air electric luxury sedan will be suitable for a $7,500 “credit.” But that credit score will be paid by Lucid, not the U.S. governing administration. Domino's Pizza pilots …
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2023 Lucid Air Touring Hits the Sweet Spot

2023 Lucid Air Touring Hits the Sweet Spot

Lucid’s Air Dream is no more, but our test team’s memories of its otherworldly power and range live on. Its dual-motor powertrain cranked out a reality-bending 1111 horsepower in Performance guise, while the range-oriented variant dialed that back to a mere 933 horsepower to be a …
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Lucid Motors is providing front drive unit for Formula E

Lucid Motors is providing front drive unit for Formula E

Lucid Motors has introduced that it really is producing a new motorsports push device (MDU) for what it phone calls “the world’s major one-seater electric racing sequence.” For causes unidentified to us at the instant, Lucid doesn’t use the title System E when talking of its …
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Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake

Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake

Lucid Air Lucid Motors Lucid stock skyrocketed on Friday on speculation that Saudi Arabia’s Community Financial investment Fund would buy out the remaining stake. Saudi Arabia’s PIF now owns 65% of Lucid, and has not confirmed if it will get the remaining shares. Shares were halted …
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