Lucid Motors News
Saudi-backed electric-vehicle maker Lucid Group Inc. said the kingdom should consider tariffs on foreign cars to boost domestic auto manufacturing and cut reliance on imports.
Lucid stuck to its 2025 production forecast on May 6 despite the threat of tariffs forcing many automakers to pull back targets.
With the Gravity, Lucid for the first time is fielding a vehicle in one of the industry’s biggest and most highly profitable segments ― crossovers and SUVs.
Interim CEO Marc Winterhoff said Lucid's U.S. factory will help with tariff headwinds, but the EV maker is not immune from potential negative effects.
In addition to snapping up Nikola’s former main office in Phoenix and its manufacturing facility in Coolidge, Ariz., Lucid said Friday it plans to offer jobs to more than 300 former Nikola employees.
Lucid boosted its factory incentives in the most recent quarter to an average of $12,877 per vehicle from $10,266 in the year-earlier period, Motor Intelligence said.
The recall covers the company’s All-Weather Floor Mats in the Lucid Air.
Tesla, Lucid and Rivian make their vehicles in the U.S. with significant domestic parts. But none of the EV brands are immune from tariff impacts.
Rivian and Lucid racked up billions in losses last year amid modest sales, rising factory incentives and growing uncertainty in the EV market.
Peter Rawlinson will also receive a company car as part of his two-year "transition agreement."
