Lucid Motors is laying off 12% of its U.S. workforce as the EV maker looks to improve its financial position amid market uncertainty. Lucid is streamlining operations to improve efficiency and achieve its gross margin and long-term growth commitments, a company spokesperson told Auto Finance News Feb. 20. “These reductions occurred across the company, however our core priorities remain unchanged,” the spokesperson said. Among the priorities, according to the spokesperson: A focus on the start of $50,000 midsize vehicle production; Further […]
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