CNBC - Autos

The Boring Co.'s latest $3 billion financing round was led by the United Arab Emirates.

Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial truck plant in Kentucky.

In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.

The Department of Energy has given grants to small battery tech companies. But the U.S. has a few years to do what took China decades.

The luxury carmaker is targeting £1.7 billion ($2.3 billion) in savings as it faces Chinese competition, a cyberattack and U.S. tariffs.