The ZR1 joins what GM is calling the "Corvette family," leveraging the reputation of the quintessential American sports car to boost revenue and sales.

Buyer's remorse is booming in the EV market, as many electric vehicle owners say they may go back to gas cars with their next auto purchase.

Ford closed Thursday at $11.16, down by 18.4% — marking the stock's worst daily decline since 2008 and the second-worst performer of S&P 500 companies.

Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes and lower market share in North America.

U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.

Shares of Ford Motor were understandably selling off in extended trading Wednesday after a steep earnings miss tied to warranty costs.