Source link : https://tech365.info/unique-lucid-motors-saudi-wager-meets-harsh-actuality-as-new-ceo-cuts-deep-to-hold-cosmos-alive-cleantechnica-2/
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Lucid Motors entered 2026 with award‑successful expertise, a world‑class luxurious SUV, and one of the formidable international manufacturing methods within the EV sector.
By midyear, the corporate is combating for operational stability, monetary runway, and the time it must launch the car which will lastly deliver scale. What occurs subsequent will decide whether or not Lucid turns into a cornerstone of Saudi Arabia’s industrial transformation — or stays one of many EV trade’s most good unfinished tales.
The turning level arrived on June 1, when Silvio Napoli formally took over as CEO. Napoli isn’t a Silicon Valley visionary; he’s an industrial operator. His many years at Schindler Group had been spent managing advanced, globally distributed manufacturing techniques — exactly the type of self-discipline Lucid has lacked. His early messaging centered on value competitiveness, accountability, and organizational streamlining. Inside weeks, these phrases grew to become motion.
Lucid introduced layoffs affecting roughly 1,500 workers, about 18 % of its workforce, simply months after a earlier 12 % discount. Practically one‑third of the corporate has been reduce in 2026. The second manufacturing shift at AMP‑1 in Casa Grande, Arizona, was eradicated. And in a transfer that shocked even inner groups, interim CEO Marc Winterhoff didn’t return to his earlier position. The chief…
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Author : tech365
Publish date : 2026-07-06 01:17:00
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