Skip to main content

Lucid Layoffs: EV Maker Trims 18% Of US Workforce; COO Marc Winterhoff Departs

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...

Drama Follows Youth Congress Workers' Arrest, Cops File Case Against Cops

A confrontation between two state police forces unfolded on a highway in Himachal Pradesh on Saturday, escalating into a rare situation in which one police unit registered a criminal case against officers from another state while both sides accused each other of acting unlawfully.

The dispute centres on the detention of three Indian Youth Congress workers linked to protests at the AI Impact Summit in Delhi last week, in an incident that has already triggered political controversy in the national capital.

The latest confrontation occurred near the Shoghi Barrier between Shimla and Solan, where Himachal Pradesh Police stopped a Delhi Police team that was transporting the detained individuals to Delhi. An argument between personnel from both forces continued for some time as Himachal authorities insisted that the suspects could not be taken out of the state without transit remand from a local court.

The situation became further complicated after Shimla Police registered a case against Delhi Police personnel, alleging that the three men had been forcibly taken from a resort earlier in the day.



from NDTV News- Special https://ift.tt/tNTEyM4
via IFTTT

Comments

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...

BJP MP Varun Gandhi Files Case Against Man For Comments On His Father

BJP leader Varun Gandhi on Saturday filed a defamation case in a local court here against a Varanasi man for allegedly making derogatory remarks on his father on Twitter. The Pilibhit MP on Saturday came to the court premises with three advocates around 3 pm and filed a defamation case before Additional Chief Judicial Magistrate (II) Abhinav Tiwari. The court recorded his statement and fixed April 25 as the next date for hearing, an advocate said. Gandhi in the complaint said that his father Late Sanjay Gandhi was a well known politician of the country and he was respected all over the country and still is today. He told the court that on March 29, 2023, Vivek Pandey, a resident of Bhojubir of Varanasi district, had made indecent remarks against Sanjay Gandhi through his social media Twitter @vivekkumar IND. According to Mr Gandhi, the accused identified himself as the General Secretary of Nationalist Hindu and Kisan Morcha. Mr Gandhi also said that he was informed about the twee...

Indian Man's Birthday Surprise To Girlfriend At Times Square Wins Internet

An Indian man has just set the bar a notch higher for all partners, the man surprised his girlfriend by using a special slideshow at New York's Times Square for her birthday. The video has won hearts on the internet. Posted on Instagram by Tales by Lekha, the video shows the couple posing in front of the Times Square billboard. The minute, the woman turned back, she is surprised by pictures of herself on the billboard. The woman watches the slideshow in awe. "When he surprised me at Times Square NYC!!!" read the text insert in the clip. Watch the video here: View this post on Instagram A post shared by Tales_by_Lekha (@tales_by_lekha) Since being posted, the video has amassed more than 1,45,000 likes and several comments. The internet was stunned to see the man's grand gesture. A user commented, "I was waiting for a proposal." Another user wrote, "This guy has raised the standards now!" The third...