Lucid gets huge investment, Ford's impressive fleet business, Nissan opts for employee buyouts

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— CDG

1. Lucid gets $1.5 billion investment as losses mount

Lucid Motors is navigating a complex path to profitability. 

Backed by billions in Saudi Arabian investment, the EV startup has made strides in production. Yet, the company continues to bleed red ink as it battles intense competition and broader industry headwinds … Read more

2. Ford’s not-so-secret profitability weapon

Ford is rewriting the rulebook on fleet sales.

Once considered a low-margin “negative” for automakers, this division has transformed fleet sales into a profit powerhouse, generating billions in revenue.

By focusing on software, services, and EVs, Ford is not only capturing a larger market share but also building a sustainable, high-margin business … Read more

Billions of dollars in the auto industry vanish each year thanks to a booming crime:

Synthetic identity fraud.

According to the Federal Reserve, it’s the fastest-growing financial crime in the U.S. Here’s how it works: fraudsters cook up fake identities, build credit profiles using real and fake information, and then finance a vehicle with zero plans to pay. A few months of payments keep them under the radar, but soon, they're gone with the vehicle, leaving dealers and lenders holding the bag.

Don't be fooled by outdated fraud protection. The crooks are getting smarter, their schemes more high-tech. Experian Automotive can help you outsmart them, predict and prevent fraud before it strikes, and save your bottom line.

3. Nissan offers buyout to salaried employees after rough quarter

Nissan is implementing cost-cutting measures, including voluntary buyouts for select employees, after an underwhelming quarterly performance.

Heavy incentives and rising costs have squeezed profit margins, forcing Nissan to do some broader belt-tightening … Read more

• Uber's second-quarter revenue beats on ride-sharing demand

• Congressional Republicans lead U.S. House effort to cancel new fuel economy rule.

• Donald Trump was gifted a Tesla Cybertruck after saying “EVs will destroy the country.”

• Tropical Storm Debby brings heavy rain, and wind to Florida and Southeast auto dealers.

• Junge Automotive Group donates $80,000 car to community college’s automotive program

Thanks for reading everyone.

— CDG