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Lucid Motors CEO Defends Its Financial Practices

Lucid Motors Shoots down the Doubters The former chief engineer of the Model S calls Lucid a tech play, ‘and there are only two tech plays Lucid and Tesla.’ By Jim Motavalli Lucid Motors Lucid has yet to sell any vehicles, challenging investor confidence and giving some analysts cause to question the automaker’s credibility. Bold claims for its Lucid Air may sound preposterous, like its purported 517-mile range, but the number derives from an independent, third-party evaluation. Lucid’s CEO and chief technology officer, Peter Rawlinson, has a good reputation, however he was the chief engineer of the Tesla Model S.

Insurers COVID-19 Notepad: What You Need to Know Now (Week of March 15) | All Alerts & Newsletters

Mar.15.2021 Courts Dismiss COVID-19 Business Interruption Claims On March 8, 2021, the district court for the Southern District of California granted Travelers Property Casualty Company of America’s motion to dismiss a flower importer and distributor’s COVID-19 extra expense claim. The court found that the policy’s Acts or Decisions Exclusion which “bars coverage for property damage, loss, and expense that is caused by or results from any decision, act or failure to act or decide, by…any ‘governmental body,’” unambiguously excluded coverage. See Order at 13. Because Travelers based its denial of coverage on the applicable exclusion, the court similarly dismissed the plaintiff’s breach of implied covenant of good faith and fair dealing claim.

Regional chamber s honor to GM angers former Lordstown workers | News, Sports, Jobs

rselak@tribtoday.com Staff file photo // R. Michael Semple . United Auto Workers Local 1112 members and supporters of GM Lordstown workers block the Lordstown auto facility’s Bailey Road entrance for a moment during the last day of production of the Chevrolet Cruze and the idling of the plant on March 6, 2019. The Youngstown Warren Regional Chamber gave General Motors its Spirit of the Valley Award, which former UAW Local 1112 president Dave Green said was a smack in the face. File photo / R. Michael Semple UAW Local 1112 members hold hands March 7, 2019, as a helicopter circles the union hall in Jackson Township. From left are Darren Bodak of Struthers, Joe Nuzzi and his wife Jennifer of Boardman (both GM Lordstown workers) and Mike Sullivan of Lordstown.

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