The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.

Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.

Ford CEO Jim Farley told CNBC that the automaker has learned from its past quality and recall issues, which have hurt its earnings and stained its reputation.

Ford reports it assembled over 2 million vehicles in the U.S. last year – more than any other auto manufacturer, including 311,000 units for export.

Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.

Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, declined 11%.

Second-quarter U.S. new vehicle sales show a sharp divide, with automakers offering hybrid models largely outperforming those without them.

Lamborghini is calling the new Urus SE Performante the “fastest Super SUV in the world.”

A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.

The auto industry is selling fewer cars–one forecaster says this is a fundamental change, and it is going to get worse.