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Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key

Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key

It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.

Former Ferrari Racing Chief Helps UN Launch Global Road Safety Campaign

Former Ferrari Racing Chief Helps UN Launch Global Road Safety Campaign

He spent years as a major force behind one of the world’s most dangerous sports – auto racing. Now, Jean Todt has taken a lead role in a new United Nations effort to address the “pandemic” of highway deaths. Its new, ad campaign hopes to halve the number of road fatalities – over 1 million annually – by 2030.

Automakers and the Aircraft Industry Team to Make Cars Fly

Automakers and the Aircraft Industry Team to Make Cars Fly

The future of transportation is looking up – quite literally.   Imagine, instead of an hour to 1 ½ hour drive to the airport, you can hop into a flying taxi somewhere in or around your neighborhood and get to the airport to fly on your scheduled long-haul jet in less than 10 minutes.  That would be a game changer for modern, personal travel.  It’s actually happening sooner than you may think.

Stellantis Invests $55 Million in Air Taxi Start-Up

Stellantis Invests $55 Million in Air Taxi Start-Up

Stellantis has invested an additional $55 million in Archer Aviation, a pioneer in the fast-emerging field of drone-like flying taxis. That follows a previous $110 million investment the Euro-American automaker made in Archer. And it comes at a time when the start-up completed a milestone flight and is preparing to open up a new assembly plant in Georgia.

Who Says EV Sales Are Slowing? Tesla, Maybe – But Not GM, Ford, Toyota or the Koreans

Who Says EV Sales Are Slowing? Tesla, Maybe – But Not GM, Ford, Toyota or the Koreans

It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...

Mercedes Pumping New Life Into its Gas Engines

Mercedes Pumping New Life Into its Gas Engines

With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.

Paraplegic IndyCar Driver Finds Electric Racing Car Uniquely Adaptable

Paraplegic IndyCar Driver Finds Electric Racing Car Uniquely Adaptable

Left a paraplegic following a crash six years ago, promising IndyCar driver Robert Wickens is back on track as part of the Formula E racing series thanks to an ell-electric race car specifically modified by manufacturing partner SPARK he can drive via hand controls. The third-generation Formula E car is the world’s fastest, lightest and most sustainable electric race car.