EV maker Lucid plans to adjust production, citing elevated vehicle inventories

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DETROIT — Lucid Group plans to take actions to better align its production with customer demand for its luxury all-electric vehicles, the company said Tuesday. The EV manufacturer said it needs to lower its "elevated inventory" of vehicles, which for automakers has historically meant lowering or idling vehicle production. A company spokesman on Tuesday told CNBC that there is currently no plan to idle its sole U.S. plant in Arizona, but declined to reconfirm the company's prior production

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