Lucid says AlixPartners restructuring work is done

CEO Silvio Napoli told Bloomberg Television on September 17 that Lucid has finished its work with restructuring adviser AlixPartners, which was hired to help the company hit $1.4 billion of 2026 cash savings. Napoli said the engagement focused on cutting inventory, capital spending, and operating costs as he reviews operations ahead of the delayed midsize-vehicle launch. The confirmation is separate from Lucid's same-day partnership with Bolt to develop at least 25,000 Level 4 vehicles for Europe.