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

Hyundai
Daily Automotive News

Hyundai to recall 82,000 EVs for fire risk

- March 1, 2021
Hyundai is recalling more than 82,000 electric vehicles globally due to a risk of fire. The recall campaign comes after 15 vehicle fires occurred among the relatively new segment of...
Daily Newscast

CBT automotive newscast: March 1, 2021

- March 1, 2021
Featured Interview: Force Marketing making bold moves with acquisition of GSM, a fixed-ops marketing company On this special edition of CBT News, John Fitzpatrick, Co-Founder and CEO of Force Marketing, and Shelley...
AutoNation sells remaining ..Friday 5
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Lucid Motors announces IPO, Xos Trucks & AEye merge with SPACs, Recgoni closes on $48.9M funding round, and more

- February 26, 2021
Welcome to another edition 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...
2021 AIADA Chairman
Daily Automotive News

2021 AIADA Chairman Steve Gates and CEO Cody Lusk discuss challenges facing the auto industry

- February 26, 2021
The American International Automobile Dealers Association (AIADA) recently announced Steve Gates as its 2021 Chairman. Gates and AIADA President and CEO Cody Lusk joined CBT News to discuss the direction...
Daily Newscast

CBT automotive newscast: February 26, 2021

- February 26, 2021
Featured Interview: 2021 AIADA Chairman Steve Gates and CEO Cody Lusk discuss challenges facing the auto industry The American International Automobile Dealers Association (AIADA) recently announced Steve Gates as its 2021 Chairman....
Cars.com
Daily Automotive News

CARS Reports Fourth Quarter and Full Year 2020 Results

- February 25, 2021
CHICAGO, Feb. 25, 2021 — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the...
Allyson Witherspoon
Daily Automotive News

Allyson Witherspoon, CMO of Nissan USA, on launching 10 new models and marketing in 2021

- February 25, 2021
Today on CBT News, host Jim Fitzpatrick is joined by Allyson Witherspoon. Vice President and Chief Marketing Officer of Nissan USA. Witherspoon joins the show to discuss the latest automotive...
Daily Newscast

CBT automotive newscast: February 25, 2021

- February 25, 2021
Featured Interview: Allyson Witherspoon, CMO of Nissan USA, on launching 10 new models and marketing in 2021 Today on CBT News, host Jim Fitzpatrick is joined by Allyson Witherspoon. Vice President and...
Daily Automotive News

How dealer franchise laws protect both consumers and dealers – Jim Appleton, NJCAR

- February 24, 2021
Many EV companies, such as Tesla, Rivian, and Lucid, are pushing to bypass franchise laws to sell directly to consumers. Today on CBT News, Jim Appleton joins the show to...
How Texas dealers
Daily Automotive News

How automobile dealers in Texas are pressing on after the winter storm – April Ancira, TADA

- February 24, 2021
Last week, Texas was hit by one of the worst winter storms in recent memory. Today on CBT News, April Ancira, Chairman of the Texas Automobile Dealers Association (TADA) joins...


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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


CBT News
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