Lucid Motors’ chief engineer leaves after 10 years

Core Insights - Lucid Motors is undergoing significant executive changes, with the departure of key figures including Chief Engineer Eric Bach and VP of Engineering James Hawkins, amidst a broader shake-up in leadership [1][2][4] Executive Departures - Eric Bach, who has been with Lucid Motors since 2015 and previously worked at Tesla and Volkswagen, is leaving the company [1] - James Hawkins, VP of Engineering, has also departed after a decade with Lucid Motors [2] - Jeri Ford, Vice President of Quality, is retiring and will be succeeded by Marnie Levergood from Scout Motors [2] Leadership Restructuring - Emad Dlala, the current Senior Vice President of Powertrain, is being promoted to oversee all of "Engineering and Digital" [3] - The company has been without a permanent CEO since Peter Rawlinson's resignation in February, with Marc Winterhoff serving as interim CEO [3] Context of Changes - The executive shake-up occurs as Lucid Motors has launched its new luxury SUV, the Gravity, which is expected to outperform the Air sedan in sales [5] - The company is also developing a midsized vehicle priced around $50,000, projected for release in 2026, but may require additional funding [6] Financial Developments - Lucid Motors' majority owner, Saudi Arabia's sovereign wealth fund, has increased the cap of a loan agreement from $750 million to approximately $2 billion, ensuring liquidity until 2027 [6]