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

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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. The reductions, which amount to about 6% of the automaker’s workforce, will be complete by the end of the third quarter, according to a regulatory […]



Source : AutoFinanceNews