Motoring Podcast - News Show

FOLLOW UP: LUCID RAISES $1B FROM SAUDI ARABIATHe luxury EV maker, Lucid, has received a further $1 billion in investment, from the Saudi Arabian sovereign fund, Public Investment Fund. They also increased the number of vehicles they expect to produce in 2024 compared to 2023, still only 9,000 cars though. If you wish to learn more, click this link to a Reuters article. FOLLOW UP: CANOO BUYS UP ARRIVAL EQUIPMENTThe bones of Arrival are being picked over as the administration team try to recoup as much money as possible by selling the assets off. Canoo has swooped in and bought a lot of equipment at bargain prices. Click this electrive article link to read more. JLR NAME THREE BRAND DIRECTORSJLR has named three new directors to head up the brands in the UK. Alan Nicholson takes the helm of Range Rover. Leonie Raistrick will be in charge of Defender and Discovery. Whilst Santino Pietrosanti will be brand director of Jaguar. Don’t forget to click this link, from AMOnline, to see even the directors are having to f