cnbc.com / .cnbc-com-autos / Page 4

A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled Friday.

Milton, who compared his prosecution by the Justice Department to its criminal cases against President Trump, said he had been "railroaded" in the fraud case.

Shares of Asia's automakers extended declines for a second day as investors continue to parse Donald Trump's tariffs on cars not made in the country.

The arrest came days after the FBI launched a task force to address attacks on locations associated with Tesla, whose CEO is DOGE chief Elon Musk.

President Donald Trump announced the new auto duties one week before his sweeping "reciprocal tariff" plan is set to begin.

Roughly 30% of GM vehicles sold in the U.S. during the first three quarters of 2024 were assembled in Canada and Mexico.

Ferrari produces all of its cars at its Maranello factory. Last year, the company produced 13,752 cars.

President Donald Trump said he would place 25% tariffs on "all cars that are not made in the United States."

The measures, which coincide with an even broader push on levies, represent a major escalation in an already brewing global trade war.

Shares of Asia's automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country.