Ford announced they're putting billions into a Kentucky automotive plant to retool it to make EVs, starting with a midsize pickup that they say will be in the $30k price range.
Ford announced it will retool its Louisville Assembly Plant to focus on electric trucks. Its goal: to bring down prices for U.S. buyers and compete with Chinese EV makers on the global market.
Tesla's board has approved another huge compensation package for Elon Musk – but only if he sticks around to lead the company for at least two more years.
Last quarter, tariffs cost the auto industry billions of dollars. So far, that has come out of profits instead of being passed along to buyers. But that could change.