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: January 17, 2022

- January 17, 2022
Inside Automotive: Are you a happy leader? Find out how happiness can drive business productivity and growth This question sounds so simple—are you happy? Many business leaders and professionals miss out on...
AutoNation sells remaining ..Friday 5
Daily Automotive News

Which fast-charging battery startup secured $80M? Plus, which two global fleet leasing companies are joining forces?

- January 14, 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

CNCDA Pres. Brian Maas on current dealer concerns and amending Calif.’s Private Attorneys General Act

- January 14, 2022
Dealer Associations across the country are hitting the ground running in this new year. On today’s show, we’re pleased to welcome Brian Maas, President of the California New Car Dealers...
sales The NADA has declared several changes to its leadership team, including appointing an executive vice president for public policy.
Daily Automotive News

Modest increase in 2022 sales forecasted by NADA

- January 14, 2022
The National Automobile Dealers Association (NADA) released their 2021 U.S. auto sales analysis along with their forecast for 2022’s sales climate. After a year of constrained sales due to the...
Daily Newscast

CBT automotive newscast: January 14, 2022

- January 14, 2022
Inside Automotive: CNCDA Pres. Brian Maas on current dealer concerns and amending Calif.’s Private Attorneys General Act Dealer Associations across the country are hitting the ground running in this new year. On...
gas prices
Daily Automotive News

Prolonged high gas prices could lead to a shift in demand toward smaller cars 

- January 13, 2022
Consumers may be feeling an extra strain as they pay at the pump. According to the American Automobile Association (AAA), the national average gas prices have risen to $3.30, $1.01...
luxury vehicle sales
Daily Automotive News

Luxury vehicle sales push higher, incentives drop lower in December

- January 13, 2022
December’s high-end vehicle sales are normally higher than the rest of the year, and this past December maintained that trend and even pushed it further. Luxury vehicle sales accounted for...
Daily Newscast

CBT automotive newscast: January 13, 2022

- January 13, 2022
Inside Automotive: Alan Weiss on fostering and sustaining a high performance car dealership team If you’re looking for ways to keep yourself and your team motivated for success in this new year,...
AI
Daily Automotive News

Why car dealers are investing in AI technology for business growth – Peter Kahn | CDK Global

- January 12, 2022
Artificial Intelligence, or AI, is changing the way many in the industry navigate retail automotive, and dealers are seeing the benefits. According to a recently released study from CDK Global,...
CBT News Placeholder
Daily Newscast

How can floor plan financing work for used car dealers

- January 12, 2022
To the Editor: I appreciate all the ways you explained what floor plan financing actually is. It can be a confusing subject and one that many used car lots are investigating...


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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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Autonomous
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Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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