Lucid to cut 400 jobs in latest sign of stress for EV market

May 24, 2024

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.

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Lucid to cut 400 jobs in latest sign of stress for EV market

Previous PostTop 5 stories of the week: Ford asks dealers to pause EV investments; U.S. vehicle age reaches new heights

Next PostNew jobs in doubt as Ford and GM change plans for massive Michigan EV factories

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