electric slide
Saudi-backed Lucid Motors hires restructuring firm to cut costs
The review comes as the Public Investment Fund reins in spending for its portfolio companies, slows parts of NEOM and cuts support for LIV Golf
Tasneem Alsultan/Bloomberg via Getty Images
A Lucid promotion outside the Ritz Carlton Hotel during last year's Future Investment Initiative in Riyadh
Add The Circuit on GoogleLucid Motors, the Saudi-backed maker of electric cars, has hired restructuring adviser AlixPartners to cut costs, tighten operations and help deliver lower-priced vehicles.
The California-based company denied reports that it is considering bankruptcy, calling the claims “completely false,”...
