Lucid Announces 18% U.S. Workforce Reduction and COO Departure Amid Restructuring

USLucid

Luxury EV maker Lucid Group is cutting approximately 18% of its U.S. workforce and has announced the departure of Chief Operating Officer Marc Winterhoff. These significant changes aim to streamline operations and enhance profitability as the company navigates an increasingly competitive electric vehicle market.

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Reuters - Autos & Transportation

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