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EV startup Lucid faces lower demand for its sole vehicle, the Air sedan, and its first crossover won’t come until 2024. Meanwhile, Lucid is burning through cash.

The “do not drive” alert in North America follows similar orders from Honda Motor Co., Ford Motor Co. and others about the Takata airbags, which can explode if they are deployed after long-term exposure to high heat and humidity.

California, the birthplace and epicenter of the self-driving industry, could soon put the brakes on autonomous trucking.

Lordstown Motors on Thursday reported a steep fall in its cash reserves and warned it might have to stop making its Endurance electric pickup truck in the near future unless it finds a partner.

The cash-strapped EV maker had earlier this week said it might be forced to file for bankruptcy, citing uncertainty over a $170 million investment deal with its major shareholder Foxconn.

Lordstown, named after the town in Ohio where it is based, said on Thursday it was in talks with the Apple supplier but was yet to reach a deal.

In May 2022, Lordstown Motors completed a deal to sell its Ohio factory for $230 million to Foxconn, excluding assets such as the hub motor assembly and battery pack lines.

Foxconn will make Fisker Inc’s electric compact car at the Ohio factory starting next year, the EV startup has said.

Lordstown Motors had cash and cash equivalents of $108.1 million as of March 31, down from $203.6 million a year earlier.

Shares were little changed, having hit a record low of 25 cents on Monday. read more

The online used-vehicle retailer reported a net loss of $286 million for the quarter ended March 31, smaller than its loss of $506 million in the year-earlier period. Revenue fell 25 percent to $2.6 billion.