The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
Luxury electric car
Latest in Luxury electric car
automobile industry
Saudi-backed Lucid Motors sinks after cutting production goal
The luxury electric car manufacturer dropped its 2022 target from 20,000 to maximum 14,000 amidst logistic and supply chain challenges
Cadillac
In pictures: All-new Cadillac Lyriq fully electric luxury crossover
The Lyriq is based on GM’s next-generation, modular electric vehicle platform and driven by the Ultium propulsion system, allowing Cadillac to deliver customers a variety of range and performance options.
Automobili Lamborghini
Video: Too early for a full-electric car, CEO of Lamborghini said
Stefano Domenicali, chief executive officer at Automobili Lamborghini SpA, discusses the impact of coronavirus on the business, when the company will offer a full electric vehicle and his outlook for the industry.
Bentley
In pictures: Bentley’s EXP 100 GT concept model
Bentley says it has brought together intelligently curated materials from some of the world’s leading experts in sustainable production
Electric car
Gallery: The first electric vehicle from Mercedes-Benz
Mercedes-Benz EQC crossover SUV is a pioneer for an avant-garde electric look while representing the design idiom of progressive luxury.
electric carmaker
Five things to know about the rivals to Tesla’s electric crown
With Saudi Arabia turning away from Tesla, we look at the rapidly expanding field of electric cars
Elon Musk
Saudi’s Public Investment Fund breathes new life Into Tesla rival Lucid
Lucid had delayed the launch of the Air due to lack of funds, but now plans to start producing it in 2020
Elon Musk
Saudi Arabia’s PIF invests $1bn in Tesla rival Lucid Motors
The funding will be used to pave the way for the commercial launch of Lucid’s first electric vehicle, the Lucid Air, in 2020