Lucid Motors mulling sale after talks with Ford: sources

London

ELECTRIC carmaker Lucid Motors Inc is raising a new round of financing and is also considering an outright sale after holding early stage takeover talks with Ford Motor Co, according to people familiar with the situation.

The Menlo Park, California-based firm has hired Morgan Stanley to help raise more money to pay for further development of its vehicle and a new manufacturing plant in Arizona, the people said. They asked not to be identified talking about private company matters.