The auto industry is pulling back on its ‘capital junkie' tendencies after unprecedented spending on EVs, self-driving

In this articleFSTLAElectric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidDETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, it's waking up from the bender and entering rehab.Automakers from Detroit to Japan and Germany are attempting to lower costs and reduce expenses amid econom ...