A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial Kentucky Truck Plant. The facility, which Ford has called its most important and profitable plant globally, produces the automaker’s large…
U.S. President Donald Trump and CEO of Ford Jim Farley clap, as President Trump visits a Ford production center, in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters The Trump administration expressed “profound concern” Tuesday about Ford Motor‘s ties to Chinese companies that it believes could be detrimental to the Detroit carmaker and…
The Trump administration has been trying to build up the U.S. battery supply chain and reduce its reliance on China. But the funding it has set aside for the effort is small compared with what would be needed to substantially loosen China’s grip on the industry, according to analysts and executives who spoke with CNBC. …
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images Thousands of workers at Britain’s Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals,…
The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities. But their…
A Tesla “Cybercab” in downtown Austin, Texas, on Sept. 3, 2026. Ronaldo Schemidt | Afp | Getty Images Tesla shares slid 6% on Friday after the electric vehicle maker’s long-awaited Cybercab update failed to impress investors who are betting the company can become a major player in the U.S. robotaxi market currently dominated by Alphabet’s…
A Tesla Cybercab drives in Times Square following an appearance in New York City, U.S., Oct. 27, 2025. Brendan McDermid | Reuters Tesla’s fledgling Robotaxi business teased fans with a post on X saying, “no steering wheel, no pedals,” a reference to the company’s forthcoming Cybercab driverless vehicles. Another post prompted riders to “try it…
Canadian Prime Minister Mark Carney speaks during a press conference at the West Block on Parliament Hill in Ottawa, Ontario, Canada, on April 14, 2026. Andrej Ivanov | Afp | Getty Images Canadian Prime Minister Mark Carney on Thursday returned fire after Trump administration Commerce Secretary Howard Lutnick claimed Ottawa tanked trade talks with the…
A ChargePoint electric vehicle charging station in Hudson, New York, US, on Tuesday, Sept. 3, 2024. Angus Mordant | Bloomberg | Getty Images ChargePoint Holdings CEO Rick Wilmer believes a surge in the electric vehicle charging company’s stock Thursday is just “the beginning of the momentum,” he told CNBC. Shares of ChargePoint increased more than…
Waymo’s new autonomous vehicle, called the Ojai, drives in Venice Beach on Wednesday, May 27, 2026. Allen J. Schaben | Los Angeles Times | Getty Images Alphabet’s Waymo is expanding its commercial service, and Amazon’s Zoox said it plans to test in more U.S. cities, as the nascent robotaxi market gains momentum. Waymo, which has…
