✄ Ford disclosed in a filing that it cut its stake in Rivian to 1.15%. Ford has been scaling down its holding in the EV maker for a while. At the end of 2021, the blue oval held 11.4% of the EV maker. Amid Rivian's falling market value, layoffs, and the expansion of Ford's electric vehicle project, it seems the two brands are heading for an amicable parting.
🏋 GM's Hummer EV is apparently checking nobody's boxes. People say it is falling short of its promises in terms of price, size, and luxury. At 9,000 lbs, the vehicle is so massive almost no view is unobscured, according to a review by the Verge's Emme Hall. She says that engaging the WTF mode (Watts to Freedom) is "super fun, but stopping is terrifying" as the 1000hp outruns the road quickly.
💸 Lucid will offer buyers its own $7,500 credit to compete with US EV tax credits. Following recent Tesla and Ford EV discounts, the brand's credit applied to specific trim levels of its Air EV. At $87,400, the Lucid Air starting prices place it out of reach of tax credits. Until March 31, customers can take a little off the top, which the company's sales chief says the customers deserve.