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The DOE loan was previously set to support two phases of production for a total of 400,000 units annually.

The multinational conglomerate posted first-quarter adjusted operating income of 960 million euros ($1.19 billion), comfortably beating analyst expectations.

The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.

The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.

Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.

GM CEO Mary Barra said the Detroit automaker continues to monitor any change in customer spending, but so far, the company's vehicle mix has remained healthy.

Aside from earnings and any change to GM's 2026 guidance, investors are monitoring impact from the Iran war, tariffs and EV write-downs.

BYD has come under scrutiny from European lawmakers after a watchdog report alleged harsh working conditions at its Hungary plant.

America's largest automakers are set to report first-quarter earnings results this week.

CNBC takes a ride with a Tesla Model Y owner in New York City to see how he uses Grok and how it integrates into Tesla's Full Self-Driving (Supervised).