UK, Germany, Saudi Arabia

TL: DR - EV sales surpass diesel in the UK, Ford’s ambition surpasses German workers’ comfort zone, and Saudi interest in Lucid surpasses their 65% stake in the company.
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UK, Germany, Saudi Arabia


The UK. Despite a 30-year low in overall car sales, the UK broke its previous record for EV sales in 2022. 17% of new cars in the UK were EVs, more than diesel for the first time. Two-thirds are business and fleet sales, and Tesla holds the first and third spots on the list of highest EV sales volume in the market. 


Germany. Ford needs to make structural changes to increase EV production. Proposed changes to the brand's German plants have people fearing job cuts. Ford said they are willing to talk, and a German union official said the company would decide by mid-February how many jobs to cut in Europe. 


Saudi Arabia. Luxury EV maker Lucid saw an 88% jump in market value Friday due to speculation that Saudi Arabia's Public Investment Fund, which already owns 65% of the company, may buy the remaining stake in the startup. Shares ended the day up 43% after several pauses due to volatility. 

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