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EV maker Lucid suspends production guidance amid incoming CEO's business review

The Lucid logo is shown at the Los Angeles Auto show on Nov. 20, 2025. Mike Blake | Reuters DETROIT — Lucid Group suspended its vehicle production guidance for the year as its incoming CEO evaluates the all-electric vehicle manufacturer’s business operations, including the potential for lower output of EVs. The company on Tuesday said…

Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant

The Editorial Team6 days ago02 mins

Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…

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EV maker Lucid suspends production guidance amid incoming CEO's business review

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EV maker Lucid suspends production guidance amid incoming CEO's business review

Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant