TSLA394.460-1.72%
GM77.6400.77%
F14.1950.255%
RIVN17.8000.3%
CYD45.8700.42%
HMC27.890-0.2%
TM176.9200.7%
CVNA70.5900.21%
PAG200.4006.85%
LAD331.37012.12%
AN203.5407.26%
GPI319.40020.22%
ABG218.4305.64%
SAH99.7407.36%
TSLA394.460-1.72%
GM77.6400.77%
F14.1950.255%
RIVN17.8000.3%
CYD45.8700.42%
HMC27.890-0.2%
TM176.9200.7%
CVNA70.5900.21%
PAG200.4006.85%
LAD331.37012.12%
AN203.5407.26%
GPI319.40020.22%
ABG218.4305.64%
SAH99.7407.36%
TSLA394.460-1.72%
GM77.6400.77%
F14.1950.255%
RIVN17.8000.3%
CYD45.8700.42%
HMC27.890-0.2%
TM176.9200.7%
CVNA70.5900.21%
PAG200.4006.85%
LAD331.37012.12%
AN203.5407.26%
GPI319.40020.22%
ABG218.4305.64%
SAH99.7407.36%

Interest rates unchanged, Carvana breaks profit record, Cadillac slows EV shift

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By CBT News Editorial Team May 2, 2024

Top Stories

Federal Reserve leaves interest rates unchanged, “uncertain” about future. Read More

Carvana posts all-time high Q1 profits in dramatic recovery. Read More

Cadillac slows down EV transition, will continue making ICE vehicles past 2030. Read More

Tesla reportedly shelves major gigacasting innovation amidst profit crunch. Read More

Featured Interview

From acquisitions to shifting consumer preferences, today's episode discusses the factors driving M&A activity with Ryan Kerrigan.Ryan Kerrigan unveils global automotive M&A dynamics and EV realities
From acquisitions to shifting consumer preferences, in today’s episode of Inside Automotive, we’re discussing factors driving M&A activity as highlighted in The Blue Sky Report, published by Kerrigan Advisors. Joining us now is Ryan Kerrigan, Managing Director of Kerrigan Advisors. Watch full segment here.

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Stellantis to prioritize four core brands in turnaround strategy, sources say The automaker plans to shift funding toward Jeep, Ram, Peugeot, and Fiat while maintaining its broader portfolio. On the Dash: Expect increased product investment and marketing support for Jeep, Ram, Peugeot and Fiat. Regional and niche brands may see reduced volume but more targeted positioning and shared platforms. Platform-sharing and rebadging strategies could affect inventory mix and model differentiation. Stellantis will concentrate most of its investment on four core brands as CEO Antonio Filosa pushes a turnaround strategy set for release May 21, according to a Reuters exclusive. The automaker has identified Jeep, Ram, Peugeot, and Fiat as its priority brands. It will allocate a “material increase” in funding to them, driven by their stronger global sales and profitability, marking a shift away from the company’s previous approach of distributing investment more evenly across its portfolio. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Stellantis will retain its 14-brand lineup, the largest in the industry, and will not shut down underperforming marques. Instead, the company will reposition secondary brands such as Citroën, Opel and Alfa Romeo to operate in regional or niche roles. These brands will rely on shared platforms and technology developed by the core brands while maintaining distinct styling and market identity. The strategy comes as Stellantis works to regain market share in the United States and Europe while facing growing competition from Chinese EV makers. The company earlier reported a 22.2 billion-euro charge tied to scaling back its EV plans, underscoring the urgency of the strategic shift. Its market valuation has also declined significantly in recent months. To support the transition, Stellantis will expand its use of shared “multi-energy” platforms that support electric, hybrid and internal combustion (ICE) vehicles. Additionally, the company is evaluating rebadging strategies and joint development programs, including collaborations with its Chinese partner, Leapmotor. Executives and investors backing the plan expect the increased focus on core brands to improve efficiency and strengthen financial performance. Analysts say Stellantis could still consider further consolidation if results fall short of expectations. Meta description (140 characters) Stellantis to boost funding for Jeep, Ram, Peugeot and Fiat, shifting strategy while maintaining its 14-brand global portfolio.
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