TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%


Automotive News

Daily Newscast

CBT automotive newscast: March 7, 2022

- March 7, 2022
Inside Automotive: The state of the auto industry as Mike Maroone sees it The retail automotive market has drastically changed throughout the past few years, from inventory management to marketing strategies. So...
Daily Automotive News

How to fill the gaps in your dealership’s call management strategy – Dave Purgason | CallRevu

- March 4, 2022
Today on Inside Automotive, we’re pleased to welcome Dave Purgason, Head of Sales at CallRevu, one of the auto industry’s top call management solutions. In this segment, Dave and anchor...
AutoNation sells remaining ..Friday 5
Daily Automotive News

A look inside Carvana’s massive deal with KAR Global and the brand new Automotive Ventures DealerFund

- March 4, 2022
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the...
Daily Automotive News

Creating a seamlessly integrated car buying journey from click to sign – Tim Cox & Michael Seeman | CarNow

- March 4, 2022
On today’s show, we’re pleased to welcome Tim Cox, Co-founder and senior vice president of sales for CarNow and Micheal Seeman the senior vice president of OEM relations for CarNow....
Daily Automotive News

Cox Automotive names Lori Wittman as new President of Retail Solutions and Amy Mills as Executive Vice President and Chief Strategy Officer

- March 4, 2022
ATLANTA, G.A., March 4, 2022 – Cox Automotive today named Lori Wittman as the new president of the company’s Retail Solutions group and Amy Mills as Executive Vice President and...
chip shortage, if industry
Daily Automotive News

Strategies for winning over a customer during the chip shortage

- March 4, 2022
As 2021 winds down, dealers are still being hit with the effects of the chip shortage. Combined with pandemic ripples and supply chain delays, dealers are feeling the ongoing disruption....
Daily Newscast

CBT automotive newscast: March 4, 2022

- March 4, 2022
Inside Automotive: Strengthen car shopper confidence with transparent penny-perfect payments The financing process during the car buying journey often causes the most friction for car shoppers, especially when buying online. Consumers today...
Daily Automotive News

Finding balance between customer pay work and reconditioning – Mike Boyd | iRecon

- March 3, 2022
Today on Inside Automotive, anchor Jim Fitzpatrick is joined by Mike Boyd, Founder of vAuto’s iRecon platform. After running used car departments for years, Boyd founded the software solution iRecon,...
Daily Automotive News

Surefire ways to amplify your car dealership’s fleet sales – Kathryn Schifferle | Work Truck Solutions

- March 3, 2022
Today on Inside Automotive, we’re pleased to welcome Kathryn Schifferle, Founder and Chief Executive Officer of Work Truck Solutions, one of the top online platforms for displaying and reporting on...
Daily Automotive News

Commercial/Fleet sales – A missed opportunity

- March 3, 2022
As anyone in dealership management, from dealer principal to GM, will tell you, they’re always on the lookout for additional profit opportunities. However, many of these same people haven’t seriously...


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Sale of stakes in Bugatti Rimac and Rimac Group marks latest move in Porsche CEO Michael Leiters' sweeping turnaround effort.
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Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
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Baumann Auto Group
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Ford doubles down on U.S. assembly as trade policies shift industry strategy
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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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Stellantis to prioritize four core brands in turnaround strategy, sources say

Hyundai's profit drops 24% as tariffs, weak global demand persist 
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The latest JD Power-GlobalData forecast shows a decline in new car sales in April, but you can blame last year's tariff panic, not today's buyers.
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New car sales drop 7.3% in April, but don’t blame buyers

2026 Subaru Outback: Rugged evolution meets everyday practicality
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Autonomous
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Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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