Lucid loses longtime Apple and Intel exec who prompt device department | TechCrunch

Further Footage: Lucid GroupLucid Motors vp of virtual Mike Bell has resigned from his place. The corporate mentioned in a put up on Monday that the long-term resignations from Apple and Intel “are efficient straight away, with the intention to to find different alternatives.” Lucid says Bell will function a expert till mid-August to assist “become” his paintings on the corporate, and has agreed to pay him a $125,000 charge. Bell, who oversaw the corporate's device building, is leaving as the corporate struggles to satisfy call for for its high-end Air and strikes ahead with building of its subsequent car, the Gravity SUV. Bell joined Lucid in 2021 after about six months of discussions with the EV startup. Earlier than that, Bell had an extended tenure as Rivian's first leader era officer. He has an extended historical past in lately's fashionable global. He in the past ran Intel's cell department, helped release the Palm Pre, and spent just about 20 years at Apple the place he helped carry the iPhone to the sector. Lucid says Bell will likely be briefly changed by means of Derrick Carty, Lucid's vp of device building and an Apple veteran. Lucid introduced the departure of Bell together with its profits effects for the primary quarter of 2024, when the corporate misplaced $ 680 million at the supply of one,967 of its complicated digital gadgets.

Author: OpenAI