Tech & Science Lucid Motors goes public and takes $ 4.4 billion.
How the Black Church Embraces Tragic History and the Fervor of Faith
“It was out in the country, far from home, far from my foster home, on a dark Sunday night. The road wandered from our rambling log‑house up the stony bed of a creek, past wheat and corn, until we could hear dimly across the fields a rhythmic cadence of song,—soft, thrilling, powerful, that swelled and died sorrowfully in our ears. I was a country schoolteacher then, fresh from the East, and had never seen a Southern Negro revival. To be sure, we in Berkshire were not perhaps as stiff and formal as they in Suffolk of olden time; yet we were very quiet and subdued, and I know not what would have happened those clear Sabbath mornings had some one punctuated the sermon with a wild scream,
The e-car startup is merging with a listed company shell - a so-called SPAC. With more money from oil multinationals and investors, Lucid wants to attack the luxury segment.
The combined company is said to be worth $ 24 billion in the end. However, this is only possible in steps. The "Special Purpose Acquisition Company" (SPAC), the shell company, only raised $ 2.1 billion when it went public. Investors and the Saudi state fund PIF have now pumped another 2.5 billion into the construct. A total of $ 4.4 billion will flow intoFirst production model delayed further
The needless clash between teachers’ unions and science is harming America’s kids
The evidence it clear: We can open schools safely now.Educators’ anxiety is based on reasonable concerns. Covid-19 is a serious illness. And schools are an indoor group setting with the potential to spread infection. But schools, it turns out, with a few basic safety measures, including masks and reasonable distancing, are not a high-risk venue for Covid-19 transmission. In fact, they appear to have far lower rates of the virus than their surrounding communities. Still, some education union leaders are beginning to lay the foundation for schools remaining shuttered into the 2021-22 school year.
With a valuation of 24 billion dollars, Lucid is already worth half as much as BMW, although the Americans have not yet sold a single car. In the course of the IPO, Lucid announced that the start of production would be postponed from March to the next half of the year. The model should come to Europe this year. It is not known whether this schedule can be kept.
Video: Hedge fund bosses defend business models at GameStop hearing (Reuters)Your browser does not support this video Peter Rawlinson runs the company, he was Tesla's chief engineer. The two Germans Peter Hocholdinger and Eric Bach also come from there. While Hochholdinger is in charge of production, Bach is in charge of the hardware department. The first model to roll off the assembly line in a recently completed factory in Arizona is the Lucid Air
luxury limousine. A range of 810 kilometers according to the WLTP standard and 1,080 hp are in the data sheet. The car should accelerate to around 100 kilometers per hour in 2.5 seconds. The top speed is 270 kilometers per hour. The first variant called "Dream Edition" costs $ 169,000 and will be produced first. From next year, a cheaperThe Saudi State Fund saved Lucid from bankruptcy in 2018 will come onto the market. Lucid executives said Tesla is not the primary competitor. The Lucid Air Dream Edition is rather a direct competitor to the Mercedes S-Class. The transaction via SPAC was initiated by former Citigroup manager Michael Klein. He has already helped bring the state oil company Saudi Aramco to the stock exchange.
. A board member from Aramco chairs the board of directors at Lucid Motors: Andrew Liveris also headed Dow Chemicals for years. According to unconfirmed rumors, Lucid and Saudi Arabia are negotiating the first car factory in the land of the oil sheikhs.
“Flying start” for Stellantis .
The newly formed auto giant Stellantis with brands such as Opel, Peugeot and Fiat has made a “flying start” according to its own assessment. © Peter Dejong / AP / dpa Logos of car companies on the facade of the building in which the headquarters of Stellantis is located in Lijnden, near Amsterdam.