Hi, everyone. Welcome to Shift, a podcast about mobility. I'm Pete Bigelow, your host and reporter at the automotive news.

My guest on the podcast today is Dipti Bichani, senior vice president and general manager of the automotive business at Arm.

We're going to be discussing software-defined vehicles

and how getting them right is a matter of survival for legacy automakers.

This parody that we create between the cloud and the thing, the car in this case,

is what Arm can bring to the table, which makes their software-defined challenge digestible.

First, though, we've got to look at this week's headlines from around the mobility sphere.

And for that, I'm joined by my colleague Lonnie Eiliff.

Lonnie, how are you today?

Great, great to be here.

Thanks for coming back.

Big news this week from your corner of the universe, and that is Peter

Rawlinson is no longer CEO at Lucid. What happened there? Well, you know, Peter

Rawlinson is kind of the embodiment of Lucid. He is the Elon Musk of Lucid, right? And so he is the founder, right? The company obviously existed before as a

battery company, but as Lucid Motors, he is the former Tesla engineer on the Model S. And then

he created a vehicle that arguably, you could say, it's better the Model S, right? The lucid air.

And he was able to get the Saudis to invest more than a billion dollars several years ago.

And they built a factory in Arizona and they got a lot of awards and stuff.

But the cars aren't selling and they're losing a lot of money.

And the Saudis have had to the Saudi Arabia Public Investment Fund has had to put more

money into Lucid.

And it is a surprise that it was announced in this way.

...