Automotive News

Lucid Motors Q1: Production, deliveries fall from Q4

Lucid Group Inc. reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker late Thursday said it produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered in the December quarter. Lucid shares fell 6.8 percent in premarket trading on Friday. The company said it will report quarterly results on May 8. The Newark, Calif.-based company, already battling supply chain and logistics issues, was hit by aggressive price cuts sparked by…

Automotive News

Software-Defined Vehicles Will Transform Auto Industry

Q: What will be the biggest difference between a software-defined vehicle in 2023 and a software-defined vehicle in 2030? Milavec: In today’s vehicles, a driver’s experience is still primarily defined by hardware, but this is quickly shifting to software. With OTA updates, an SDV can stay in contact with its environment, the vehicle owner and the manufacturer to drive continuous innovation over the vehicle’s lifetime. This means that introducing new content and features doesn’t have to stop at the end of the production line – they can be introduced to vehicles already on the road, helping automakers strengthen brand loyalty,…