mackinaw Posted May 10 Share Posted May 10 In a nutshell, Ford CFO, John Lawler, will become a Vice Chair, and he'll be replaced by Sherry House, ex-Lucid finance chief. https://www.detroitnews.com/story/business/autos/ford/2024/05/10/ford-cfo-john-lawler-leave-2025-ex-lucid-motors-sherry-house/73639551007/ 1 Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 10 Share Posted May 10 So, the chief financial officer will be hired from a company that is in a constant state of bankruptcy? 5 1 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 11 Share Posted May 11 8 hours ago, atomcat68 said: So, the chief financial officer will be hired from a company that is in a constant state of bankruptcy? Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 11 Share Posted May 11 11 hours ago, jpd80 said: Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… That's because the Saudi government keeps pumping money in it. If it depended on its car sales, it would fail very quickly. 1 Quote Link to comment Share on other sites More sharing options...
Bob Rosadini Posted May 14 Share Posted May 14 On 5/11/2024 at 4:08 AM, jpd80 said: Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… My reaction was same as A-Cat. However yesterday's WSJ had an article on this appointment. Key quote.."At Lucid, House kept a low profile but left the company's balance sheet in good financial condition..." Also went on to note in March Lucid secured a one billion dollar investment from a Saudi investment fund, as well as noting her biggest challenge will be joining the company as an "outsider". 1 Quote Link to comment Share on other sites More sharing options...
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