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Lucid Motors partners with Churchill Capital IV to go public in SPAC mega deal At $24 billion, it's the largest such reverse merger to date PUBLISHED BY Churchill Capital IV Corp in a $24 billion deal, the largest such reverse merger to date. Church Capital IV is headed by dealmaker Michael Klein, who owns three other special acquisition companies. Saudi Arabia’s sovereign wealth fund has a majority stake in Lucid Motors. The company will combine with Churchill Capital IV, which raised $1.8 billion in July.   Lucid comes with an impressive legacy and is run by industry veterans who have ...

The merger with Churchill Capital is one of the biggest deals in the EV industry to date as the company prepares to roll out its first EV — a luxury sedan called Air

How a group of wine lovers hatched a plan to diversify their industry, one bottle at a time Teron Stevenson, left, and Khalil Kinsey, two of the cofounders of Natural Action Wine Club, are working with others to promote diversity in the wine industry. (Mariah Tauger / Los Angeles Times) By Corie Brown Like so many Americans, Simonne Mitchelson’s heart hurt as she watched the killing of George Floyd last spring. But her heart broke when her industry, the wineries of California’s Central Coast, largely remained silent even as many other businesses across the country pledged to a...

In addition to Tesla, other Bay Area companies are stepping up to offer more ways to go green behind the wheel.

Electric cars are making our roads cleaner, but one Silicon Valley business says it can harness that power to electrify your home.