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Stellantis full-year profits increases, GM’s Super Cruise expands self-driving range, Lithia Motors record breaking Q4

Inside Automotive 

On today's Inside Automotive, Jay Baer discuss how dealers can use "Talk Triggers" to their advantage with Shyann Malone.How dealers can harness ‘Talk Triggers’ to boost customer retention – Jay Baer
On today’s episode of Inside Automotive, we are joined by Jay Baer, an author, advisor, Hall of Fame keynote speaker, and customer experience researcher. CBT News anchor Shyann Malone joined Baer to discuss how dealers can utilize “Talk Triggers” to their advantage. Watch the full segment here

Top stories

Stellantis saw revenue and profit increase on an worldwide scale but faced challenges in the U.S. stemming from low sales and the UAW strike.Stellantis recorded strong full-year earnings for 2023 on a global scale but struggled to maintain profitability in the U.S. following the United Auto Workers (UAW) strike last October. The automaker recorded annual worldwide revenues of $203.4 billion, an increase of 6% from the year before. Net profit rose 11% to $20 billion. Read More

GM revealed plans to increase the range of its Super Cruise advanced driver assistance system to almost twice as far as it did before.
Image Source | On Star

General Motors has revealed intentions to increase the range of its Super Cruise advanced driver assistance system—which, on some highways, permits drivers to take their hands off the wheel—to almost twice as far as it did before. Currently, Super Cruise operates on 400,000 miles of U.S. and Canadian roadways. Read More

Lithia Motors (LAD) recently revealed a record-breaking revenue of over $31 billion for the year, with $7.7 billion achieved in Q4.Lithia Motors (LAD) recently revealed a record-breaking revenue of over $31 billion for the year, with $7.7 billion achieved in the fourth quarter alone, representing an 11% growth from the previous year. During the fourth quarter 2023 earnings conference call, Bryan DeBoer, President and CEO of the company, emphasized the increase spurred by new cars and after-sales services. Read More

Up-and-coming electric vehicle manufacturer Bollinger Motors will its products through LaFontaine Automotive Group starting later this year.
Left to right: Bollinger Motors Chief Revenue Officer Jim Connelly, LaFontaine Automotive Group Commercial & Fleet Director Brian Frania

Electric vehicle startup Bollinger Motors has formally announced its first-ever retail partnership with LaFontaine Automotive Group, a dealership with multiple locations in Michigan. The new trade deal will supply LaFontaine storefronts with Bollinger Motor’s upcoming class 4 commercial truck and B4 Chassis Cab, the latter of which is slated to arrive later this year. Read More

For Dealers 

Electric vehicles and other high tech cars are exciting to drive but can be expensive to repair, leading some insurers to hike premiums.How Tesla is banking billions in regulatory emissions credits
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us. Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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