Transportation
Lucid’s CEO Warns of Price Hikes Even for American-Made Cars
Workers assemble a Lucid Motors electric vehicle at the company's headquarters in Newark, California.
Photographer: David Paul Morris/BloombergThe head of Lucid Group Inc. warned that President Donald Trump’s tariffs will drive up costs to build automobiles — even in the US.
The industry’s global supply chain means domestic manufacturers still have to import raw materials and some parts from other countries, interim Chief Executive Officer Marc Winterhoff said in an interview with Bloomberg Television on Monday.