Deals
Lucid Motors Is Mulling Sale After Takeover Talks With Ford
- Startup seeks funding for electric car manufacturing plant
- Ford not interested in deal at this stage, amid 100-day review
Lucid Motors 'Air' prototype
Source: Lucid MotorsThis article is for subscribers only.
Electric carmaker Lucid Motors Inc. is raising a new round of financing and is also considering an outright sale after holding early-stage takeover talks with Ford Motor Co., according to people familiar with the situation.
The Menlo Park, California-based firm has hired Morgan Stanley to help raise more money to pay for further development of its vehicle and a new manufacturing plant in Arizona, the people said. They asked not to be identified talking about private company matters.