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Ford announces CFO John Lawler to become vice chair to help lead future strategy choices and manage global partnerships; Sherry House of Lucid Motors is set to join as vice president of Finance and future CFO

Ford recalls 139,730 2016-2018 Ford Focus vehicles and 2018-2022 Ford EcoSport SUVs due to possible failure of oil pump drive belt or drive belt tensioner; Volvo recalls 17,409 2024 XC40 SUVs due to error in the Central Electronic Module software

Lucid to provide Tesla Supercharger compatibility to its electric vehicles starting in 2025; Lucid to provide customers with NACS adapters for its current vehicles

Study finds 72.8% of Tesla Model 3 owners and 59.9% of Model S owners stick with the brand for their next car; Lucid Air most popular replacement for Model S owners, with Rivian R1T, Mercedes -Benz EQS, Rivian R1S also popular: S&P Global Mobility

Lucid's EV assembly plant in Saudi Arabia reportedly will start operations in September 2023, plans to have annual production capacity of 150,000 units by 2026; Saudi Kingdom has agreed to buy over 100,000 Lucid EVs in the next decade

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