Lucid Group Surges to 170th in Trading Volume with $539 Million Turnover Despite Stock Price Decline

On June 5, 2025, Lucid Group (LCID) saw a significant increase in trading volume, with a turnover of $539 million, marking a 98.07% rise from the previous day. This surge placed Lucid at the 170th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Lucid Group declined by 4.48%.

Lucid Group has announced the election of Douglas Grimm to its board of directors, effective immediately. Grimm was elected during the company's 2025 Annual Meeting of Stockholders. He brings extensive automotive industry experience to the board, having held executive positions at Chrysler Corporation, Metaldyne, Dana, and Visteon. Grimm currently serves as the CEO of V-to-X, LLC, a company focused on advising and investing in the mobility sector. His leadership roles in the automotive and manufacturing sectors are expected to provide valuable insights to Lucid's board.

Grimm's career spans over three decades, during which he has held various leadership positions. He served as President and Chief Operating Officer at Metaldyne Performance Group, a $3 billion automotive metals supplier. He also founded and was Chairman and CEO of Grede Holdings LLC, which later merged into MPG. Grimm's roles at Visteon and Dana Corporation further highlight his extensive experience in the automotive supply chain. He currently serves as Chairman of the Board of Blue Bird Corporation and Electrical Components International, Inc. (ECI), and is also on the board of directors of Lumileds and Pangea Corporation.