1. Lucid CEO Shakeup as Saudi PIF & Uber Inject $750M in Critical EV Cash Infusion
Lucid Group is undergoing a leadership transition and securing a vital $750 million cash infusion from its two largest investors, the Saudi Public Investment Fund and Uber, as the electric vehicle maker enters a decisive phase for its production ramp-up. The dual announcements signal a concerted effort to stabilize ope...