Arizona electric-car factory hits speed bumps in financing
Gov. Doug Ducey made a huge splash eight months ago when he announced a $700 million electric-car plant that would deliver more than 2,000 jobs to Casa Grande.
Lucid Motors executives conceded at the time they didn’t have the money yet to build the plant, and according to new reports, the California start-up still hasn’t raised the cash to start construction.
More worrisome, according to published reports, Lucid is looking to sell itself to another company.
