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For reference, that far outpaces the S&P 500's 2.8% decline and the Nasdaq's 7.3% drop this year. The company will attempt to raise the funds via convertible senior notes. The news comes after ...

Stellantis also dropped. Ford shares lost 3.9%. Shares in global carmakers such as Hyundai of South Korea, Toyota in Japan and Volkswagen in Germany fell.

If you're not an off-road fanatic, you may have heard the term 'beadlock-capable wheels' or 'beadlock wheels' in relation to preparing a car for going off road. This refers to a rather special ...