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Lucid Motors announced it will lay off around 1,500 employees, or 18 percent of its staff, four months after a prior 12 percent reduction. The company also ended the second production shift at its Arizona factory under new CEO Silvio Napoli.
TechCrunchRivian confirmed the cuts affect less than 2 percent of its workforce and target service, sales and marketing teams. The company said the move is part of a restructuring to reach profitability.
TechCrunchThe Phoenix-based company has invested about $10 million in a Juiced Bikes relaunch, a Juiced Powersports brand, and a premium adventure brand called Monarc.
Substrate placeholder — needs reviewRivian has begun producing its mass-market R2 SUVs at its Normal, Illinois factory, just days after an EF-1 tornado caused roof damage. CEO RJ Scaringe stated no delays are expected for the vehicle's rollout. The company plans to ship units before mid-2026 ends, with pricing star…