Lucid (LCID) Announces Recall

Electric Startup, Lucid Motors (NASDAQ: LCID) has announced a safety recall on its 2022 Lucid Airs due to the “possibility that the front strut dampers were assembled improperly by a supplier," a spokesperson said in an email statement. Lucid calculates that about 1% of the 203 potentially affected cars could have the incorrectly installed part. The recall comes less than four months after delivering its first vehicle.

Lucid points out that the company voluntarily carried out this recall. In other words, regulators -- including the National Highway Traffic Safety Administration – did not intervene.

"This safety-related recall was initiated by Lucid," a spokesperson wrote, adding that: "For Lucid, the safety of our customers and their families is the highest priority, and we are working to resolve this issue as quickly as is possible."

According to a company spokesman, "Lucid is not aware of any instances of strut-damper failure in a vehicle."

By Michael Elkins | [email protected]

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