Lucid

Lucid reported a 6.7% year-over-year decline in third-quarter deliveries, delivering 3,806 vehicles and producing 2,954 from July through September. The quarter was the first after the company cut production at its Arizona plant from two shifts to one as part of an operational reset under CEO Silvio Napoli. Lucid is pursuing a $1.4 billion cash-flow improvement plan, targeting $600–800 million in vehicle inventory, $500 million in capex and $200 million in operating expense savings, and will report detailed Q3 results on Nov. 9. » More on cnbc.com

The Lucid Group is recalling 27,185 Air vehicles in the US because a circuit in the exterior lighting can overheat and pose a fire risk. The NHTSA recommends parking affected vehicles outdoors and away from buildings until the issue is fixed. Lucid has provided an over-the-air software update to remedy the problem. » More on de.investing.com

The Lucid Gravity goes on sale in Germany at €143,000. A test shows why the equipment, driving performance and build quality justify the high price. At the same time, Lucid faces existential difficulties and the company’s future hinges on the success of the Gravity. » More on welt.de