Michael Wayland

The extension comes as the auto industry in China is rapidly changing with the swift rise of domestic automakers and a shift away from traditional Western brands and legacy joint ventures.

Lucid missed second-quarter expectations, reporting revenue of $405 million and a loss of $3.30 a share.

DETROIT — has established a $4.5 billion parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade.

0 seconds of 8 minutes, 42 seconds Volume 90% Listen Key Points Rivian is trying to catch up to Tesla's “hands-free” capabilities, but with additional safety guardrails.

Key Points It is the largest vehicle the brand has offered since entering the U.S. market a decade ago.

SAN FRANCISCO – Hyundai Motor plans to further expand its U.S. production at a new multibillion-dollar vehicle assembly plant in Georgia, CEO José Muñoz told CNBC on Thursday.

SAN FRANCISCO — Hyundai Motor is considering plans to further expand its U.S. production at a new multibillion-dollar vehicle assembly plant in Georgia, CE

The U.S. has become Hyundai's most important country in its push for global growth. It has a $26 billion investment plan that goes through 2028 to

Hyundai CEO José Muñoz sits down with CNBC's Michael Wayland to discuss its U.S. expansion and its new luxury Genesis EV.

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