Lucid Motors Announces Layoffs amid Slowing Growth
Lucid Motors would lay off around 18% of its workforce and reduce its workforce by 18% as the EV company grapples with slowing growth
Source: economywatch.com
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Full Throttle - Orange County Business Journal
Orange County’s electric bike and motor enthusiasts can look forward to new offerings from an international motorcycle company with decades of history to its name, and from one of OC’s largest upstart EV automakers.
Source: ocbj.com
Rivian Taps Yahoo alum Michael Callahan as Chief Legal Officer - Orange County Business Journal
Callahan most previously worked as a professor and executive director at Stanford Law School’s Rock Center for Corporate Governance.
Source: ocbj.com
Ford Cuts Stake in Rivian - Orange County Business Journal
Ford previously held an 11% stake in Rivian, 2021 filings indicate. The automaker wrote down a $7.3 billion investment in Rivian last year.
Source: ocbj.com
Rivian Loses A Number Of High-Ranking Executives
Rivian also fell just short of its aim of producing 25,000 vehicles last year
Source: carscoops.com