Lucid to Cut 400 Jobs in Latest Sign of Stress for EV Market

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to cut costs in a dramatically slowing market for plug-in cars.

Lucid to Cut 400 Jobs in Latest Sign of Stress for EV MarketBayer Fights for Survival as Roundup Lawsuits Burn CashLobster and Country Music: Biden, Tech Chiefs Fete Kenya’s RutoCrime, Corruption Keep South Africa’s S&P Rating in CheckLarge Anglo Shareholders Are Backing Miner’s Stance on BHP TalksJailed Russian Tycoon Wins UK Ruling to Block $7.

African State Bank Is Working on Transmission Auction OfficeXi Hints at Housing, Job Reforms as Priorities for Third PlenumThe Future of the UK's Space Industry Is a Remote Island With a Gin DistilleryLobster and Country Music: Biden, Tech Chiefs Fete Kenya’s RutoUK Tech Titan Lynch Rejects Blame for Merger Gone Bad at ‘Surreal’ TrialStephen Bird Stands Down as Abrdn Chief Executive, CFO Steps InEarly ByteDance Backer Plans One of China’s Biggest New VC FundsSEC Opens the Door for Spot...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines