Lucid Burns Through Half Its Cash; NEV Sales Slip in China – Autoline Daily 3563

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.

0:00 GM Snags Apple VP
0:44 Lucid Burns Through Half Its Cash
1:50 NEV Sales Slip in China
2:41 EU Told to Raise Chinese Import Tariffs
3:34 Mitsubishi Continues to Shrink
4:24 Was New Toyota Tacoma “Leak” Deliberate?
5:18 Ford Ready to Unveil the New Ranger
5:42 Consumers Wary of Subscription Services
6:41 Iveco Buys Out Nikola JV Shares
7:18 NextEra to Invest Heavily in Green Hydrogen
7:52 First Fisker Returned to the Factory

Story Links:
GM Hires Apple VP: https://pressroom.gm.com/gmbx/us/en/pressroom/home/news.detail.html/Pages/news/us/en/2023/may/0509-abbott.html

Lucid Burns Through Cash: https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-first-quarter-2023-financial-results

China NEV Sales: https://www.reuters.com/business/autos-transportation/chinas-car-sales-rise-21-april-price-war-effect-fades-2023-05-09/

EU Concerned Over Chinese EVs: https://europe.autonews.com/automakers/chinese-ev-imports-threaten-europe-car-company-profits

Mitsubishi Sales Slide: https://www.autonews.com/earnings-reports/mitsubishi-earnings-automaker-sees-na-profits-surging-outlander

Was Tacoma Leaked?:
https://www.tacoma4g.com/forum/threads/breaking-leaked-2024-tacoma-image-from-toyota-website.1285/

https://www.autonews.com/cars-concepts/2024-toyota-tacoma-image-leaks-online

Ford Teases New Ranger: https://youtu.be/wMjbaYXVor4

Consumers Don’t Like Subscription Services: https://www.coxautoinc.com/market-insights/selling-subscription-based-vehicle-features-will-challenge-automakers-in-unexpected-ways/

Iveco Buys Nikola JV Shares: https://www.reuters.com/business/autos-transportation/iveco-group-nikola-reshuffle-joint-venture-electric-hybrid-trucks-2023-05-09/

NextEra to Invest in Hydrogen: https://www.wsj.com/articles/the-most-valuable-u-s-power-company-is-making-a-huge-bet-on-hydrogen-4c1896d?mod=Searchresults_pos1&page=1

First Fisker Returned: https://www.bloomberg.com/news/articles/2023-05-08/fisker-software-struggles-hamper-debut-model-deliveries

Fisker Production Cuts: https://assets.ctfassets.net/cghen8gr8e1n/3QHPkDbooNR5RfN7rPPkV5/2a80d969ebebc50d6ec1184b9c18c6e6/Fisker_Q1_2023_Earnings_Release_Final.pdf

Read the transcript here: http://www.autoline.tv/journal/?p=87268#more-87268

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