In an effort to increase profitability in the face of intensifying competition, EV manufacturer Lucid Group said on Monday that it will lay off roughly 18% of its US personnel and that COO Marc Winterhoff has departed the firm. This was the company's second significant managerial move in recent months. The company's shares were down almost 4%, as reported by Reuters . The layoffs reflected the growing pressure on EV manufacturers like Lucid to control expenses as buyers move towards more affordable models and as profitability is impacted by growing competition from both established automakers and recent arrivals. ALSO READ | India's Fragmented Water Governance Raises Fiscal Risks, Warns Moody's The company, which employed over 9,000 people worldwide as of Dec. 31, 2025, stated that hourly factory workers, contractors, and full-time staff will all be impacted by the reduction. Additionally, it eliminated the second shift at its main EV production plant, the AMP-1...
Two Israeli television networks reported that a photograph of Iran's supreme leader Ayatollah Ali Khamenei's body had been shown to US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. "A photo of the body was shown to Netanyahu and Trump," reported Channel 12. "Senior Israeli officials were informed of Khamenei's elimination. His body was recovered from the rubble of his compound," reported public broadcaster Kan. There has been no confirmation of Khamenei's death from Tehran. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV News- Special https://ift.tt/4gZQGS6 via IFTTT