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

Lucid Motors
Daily Automotive News

Lucid Motors going public in SPAC merger

- February 24, 2021
The luxury electric car maker Lucid Motors will become a publicly traded company, opening up access to billions of dollars in funding. Lucid is set to merge with special purpose...
Daily Newscast

CBT automotive newscast: February 24, 2021

- February 24, 2021
Featured Interview: How automobile dealers in Texas are pressing on after the winter storm - April Ancira, TADA Last week, Texas was hit by one of the worst winter storms in recent...
Joe Shuster
Daily Automotive News

Joe Shuster discusses his role in reviving Honda of Downtown Los Angeles

- February 23, 2021
Today on CBT News, host Jim Fitzpatrick is joined by Joe Shuster, Dealer Principal at Honda of Downtown Los Angeles. Shuster was instrumental in reviving the Honda dealership after it...
cybersecurity
Daily Automotive News

The dangers of cybersecurity and fraud in 2021: What your dealership should know

- February 23, 2021
There are many pros when it comes to allowing customers to purchase cars online. There is an increase in efficiency, greater ease of organizing documents, and a potential rise in...
PPP loans
Daily Automotive News

Temporary change in PPP loans provides funding to small businesses only

- February 23, 2021
On Monday, President Biden’s administration announced a temporary change to the Paycheck Protection Program that restricts the size of the company applying for a forgivable loan to just 20 employees....
Daily Newscast

CBT automotive newscast: February 23, 2021

- February 23, 2021
Featured Interview: Joe Shuster discusses his role in reviving Honda of Downtown Los Angeles Today on CBT News, host Jim Fitzpatrick is joined by Joe Shuster, Dealer Principal at Honda of Downtown...
2021 AWAs
Daily Automotive News

2021 AWAs set to recognize the top innovators in automotive marketing

- February 22, 2021
Today on CBT News, Brian Pasch, Founder and CEO of PCG Companies, joins the show to preview the upcoming 2021 AWAs. Each year, the AWAs recognize innovation in automotive marketing....
dependability, Lexus
Daily Automotive News

J.D. Power U.S. Vehicle Dependability Study shows marked improvement in quality

- February 22, 2021
Details of the 2021 J.D. Power U.S. Vehicle Dependability Study were released on Thursday, and the results are largely positive. Overall, the customer survey shows that fewer issues are being...
Daily Newscast

CBT automotive newscast: February 22, 2021

- February 22, 2021
Featured Segment: 6 automotive customer types and the lifetime value they bring to car dealers Today on CBT News, host Jim Fitzpatrick is joined by Pete MacInnis, Founder and CEO of eLend...
Al Maroone
Daily Automotive News

Auto industry great Al Maroone passes away at 98

- February 20, 2021
Al Maroone, the founder of a dealership group that later became a cornerstone of AutoNation, passed away at his home in Florida on Wednesday. Al was 98 at the time...


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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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