Hints and tips:
...In late May, BofA bought a $1.2bn block of stock of electric vehicle start-up Lucid Motors, days before its shares started sliding when a deal was announced, potentially creating a big loss for the bank....
...But foreign investors need to respect the legal and social rules and the business cultures of the countries where they seek to do business; doing otherwise can harm their brands....
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...“The Google folks clearly knew what they were doing,” Sweeney said. “They had very lucid writings internally as they were writing emails to each other, though they destroyed most of the chats.”...
...He pointed to Tesla’s price cut, the falling price of used Teslas, fewer reservations at Lucid Motors and a possibly lower order backlog at Rivian, which stopped reporting reservations....
...And it is reshaping the way in which investors look at Saudi Arabia, its financial pulling power now luring some who were wary of doing business with Riyadh because of its dire human rights record....
...One thing to start: Diageo will end its business relationship with Sean Combs, known as Diddy, after the businessman and rapper alleged racial discrimination by the drinks group, which it “categorically...
...Arrival is one of more than a dozen new entrants to the motor industry to list by merging with a special purpose acquisition company within the past two years....
...A version of this article was first published by Nikkei Asia on February 3 2023. ©2023 Nikkei Inc. All rights reserved....
...IV) and Atieva, Inc and certain projections and statements,” said Lucid in the securities filing, which noted it was fully co-operating with the SEC....
...Hyundai Motor and affiliate Kia have taken over the number two spot, behind Tesla, in the US electric car market by sales volume this year....
...[MUSIC PLAYING] Isabel BerwickI love what the FT is doing with the Business Book Awards....
...“Ford, GM and VW are still being treated by investors as auto names, while Lucid is being anointed the next mini Tesla,” he said....
...This is a similar amount to that held by BMW, Ford and General Motors. Lucid, which listed through a Spac rather than an IPO, has $6.2bn of cash available....
...executive who runs Arrival’s automotive business....
...A GM spokesman pointed to the company’s new line of electric delivery trucks called BrightDrop, adding “we will certainly leverage other markets as we scale our business”....
...Last week, the US Securities and Exchange Commission subpoenaed electric car company Lucid Motors, requesting documents related to its projections and disclosures....
...It’s not how I’m used to doing business. You know, I mentioned being the CEO is a pretty busy job,” she recently testified in court....
...In a conventional truck — one with a combustion engine — “flooring it” is frowned upon as doing so can flood the engine with gas. But I’m in a Rivian....
...Lucid Motors claims the wait is nearly over....
...Lucid Motors, an electric car group taken public in one of the largest Spac deals in history, on Monday disclosed that it had received a subpoena from the SEC, while the regulator in July fined Stable Road...
...And it’s not just Rivian, another unproven electric car maker called Lucid surpassed the market value of Ford. So what’s going on here? Our global motor industry correspondent Peter Campbell explains....
...So think of tunnels not as a single layer of tunnels but as, as many layers as you want. And whatever layer count isn’t necessary to drop traffic to negligible levels....
...Lucid to go public in biggest Spac mergerCalifornia-based electric vehicle start-up Lucid Motors has agreed to go public in a $24bn deal with a blank cheque company controlled by veteran dealmaker Michael...
...This week’s additions to the dream of a world beyond combustion engines include the $4.6bn flowing into luxury electric car maker Lucid Motors and the $1.6bn raised by would-be air taxi service Joby Aviation...
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