Lucid Motors' CEO Peter Rawlinson resigns unexpectedly

Lucid Motors announced the resignation of CEO and CTO Peter Rawlinson, who will become a strategic technical adviser. This change comes as the company aims to increase electric vehicle sales and reduce costs, particularly for its new Gravity SUV. Flexport CEO Ryan Petersen is introducing a series of new products inspired by the "founder mode" management strategy. This approach, influenced by Airbnb's founder, aims for regular updates and innovations in the logistics sector. Cruise, a self-driving car company, has faced additional layoffs following a significant workforce reduction earlier this month. The company is shifting focus under General Motors to enhance its driver-assistance technology and develop personal autonomous vehicles.