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manufacturing and engineering

Lucid hires turnaround firm AlixPartners, denies bankruptcy reports

Dow Jones Industrial Average: rising from 18506.41 to 52498.64 (2016-07-14 to 2026-07-13).
  • Lucid Group hired financial advisory firm AlixPartners to advise on its turnaround, the company confirmed Tuesday.
  • Shares fell more than 15% after a report that the electric-vehicle maker could seek bankruptcy or go private, which the company said it was not exploring.
  • The company said it has sufficient liquidity to operate well into next year and has not formed a special board committee to explore bankruptcy or take-private scenarios.
  • Lucid, majority-owned by Saudi Arabia's Public Investment Fund, delivered 3,953 vehicles in the second quarter and 15,841 vehicles in all of 2025, up 55% from the prior year.
 2026-07-14 · 3 MIN READ

Colorado law makes automakers pay for EV battery recycling

Illustration accompanying article: Colorado law makes automakers pay for EV battery recycling
  • Colorado enacted a law this summer that forces automakers to cover the cost of recycling old EV batteries, addressing a gap in the current market where salvage yards often must pay hundreds of dollars to dispose of them.
  • Many salvage yards cannot profit from recycling EV batteries because shipping and processing costs exceed the value of recovered minerals, especially with cheaper iron-phosphate (LFP) batteries.
  • Battery recyclers charge gate fees of up to $2 per kilogram for LFP batteries, translating to hundreds of dollars per battery for salvagers before transport costs.
  • The Colorado law, co-sponsored by state Sen. Lisa Cutter, adopts a "producer responsibility" model that environmental groups and industry players both supported.
  • Battery scientist Jessica Dunn of the Union of Concerned Scientists said EV batteries are already showing up in landfills despite being illegal to dispose of there.
  • The law requires a minimum percentage of minerals to be recovered during recycling, ensuring batteries are processed properly.
 2026-07-13 · 4 MIN READ
Illustration accompanying article: Stellantis second-quarter shipments jump 10% on 38% North America gain