Lucid Hires AlixPartners for Turnaround as EV Maker Denies Bankruptcy Rumors
Updated
Updated · Bloomberg · Jul 14
Lucid Hires AlixPartners for Turnaround as EV Maker Denies Bankruptcy Rumors
3 articles · Updated · Bloomberg · Jul 14
Summary
AlixPartners has been hired to review all aspects of Lucid’s operations as the EV maker pursues a turnaround, according to people familiar with the matter.
Lucid is using the restructuring adviser to optimize the business, cut costs and support a successful launch of its new mid-size vehicle.
The company called rumors that it is considering bankruptcy “completely false,” signaling the review is aimed at operational repair rather than a court-led restructuring.