By Jon LeSage Lucid Motors is looking for outside investors and may sell the company to Ford.
The California-based luxury electric car startup is looking for a new round of capital finance to get its Arizona plant ready for production. One of these talks has been centered on the possibility of an outright buyout by Ford Motor Co.
Sources familiar with the matter told Bloomberg that Lucid set a meeting with Ford executives to discuss the possible sale.
New Ford CEO Jim Hackett is keeping his focus on a 100-day review of the company’s strategy. A possible Lucid acquisition is on hold for now.
Lucid has been
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