February 19, 2025
Fixed Assets

Tesla rival Lucid gets another $1.5 billion cash injection from Saudi Arabia to keep going through 2025

Lucid Group Inc. will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund as the electric-car maker readies its first sport utility vehicle. Ayar Third Investment Company has agreed to make the investments by purchasing $750 million of convertible preferred stock and providing a $750

Read More
Financial Assets

Sadiq Khan’s Ulez scrappage scheme running out of money as drivers risk fines

Thousands of drivers could be left out of pocket for scrapping their non-compliant Ulez vehicles despite being promised payment in return. The warning comes after official documents revealed that the Ulez scrappage scheme, which offers drivers money in exchange for their vehicle, is set to run out of funds. Transport for London expects to have

Read More