TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%


automotive

CBT automotive newscast: September 23, 2021

- September 23, 2021
Featured Interview: PA dealer David Kelleher on Stellantis establishing its own finance arm Stellantis is expected to close a deal by year's end, creating its own captive financing arm. Mike Koval Jr.,...
Daily Newscast
Sonic Automotive

Sonic Automotive adds $3.2 billion in annualized revenues with acquisition of RFJ Auto Partners, a top-15 U.S. dealer group

- September 22, 2021
CHARLOTTE, N.C., Sept. 22, 2021 – Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced it has entered into...
Auto News Articles

CBT automotive newscast: September 22, 2021

- September 22, 2021
Featured Interview: Cox Automotive's Brian Finkelmeyer on new vehicle inventory and what dealers should focus on As demand continues to climb alongside inventory concerns, could you be doing more to get ahead...
Daily Newscast

AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director

- September 21, 2021
FORT LAUDERDALE, Fla., Sept. 21, 2021 – AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced that it has appointed Mike Manley as Chief Executive Officer and as a member...
Auto News Articles

CBT automotive newscast: September 21, 2021

- September 21, 2021
Featured Interview: WSJ best-selling author Alex Goldfayn explains the power and profitability of phone calls Are you still using the phone to generate sales in today’s digital retail environment? If not, this...
Daily Newscast

CBT automotive newscast: September 20, 2021

- September 20, 2021
Featured Interview: David Kain shares key takeaways to help drive dealers in the right direction On today’s show, we are pleased to welcome David Kain, President and Owner of Kain Automotive, industry...
Daily Newscast
AutoNation sells remaining ..Friday 5

Which AV software startup scored an investment from GM? AutoVerify acquires what merchandising solution?

- September 17, 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...
Future of Automotive Daily Automotive News

CBT automotive newscast: September 17, 2021

- September 17, 2021
Featured Interview: Cox Automotive's Charlie Chesbrough reveals forecast for Q4 and how car dealers can prepare The shortage of new vehicle inventory has led to a decline in sales and an uptick...
Daily Newscast

CBT automotive newscast: September 16, 2021

- September 16, 2021
Featured Interview: Dale Pollak shares insight into current trends and economic impacts in retail auto We have all been impacted by dwindling inventory in today’s market. While profits still remain high for...
Daily Newscast

CBT automotive newscast: September 15, 2021

- September 15, 2021
Featured Interview: J.D. Power's Tyson Jominy on the state of the automotive industry today We were all anticipating relief from the inventory and chip shortages by now, but unfortunately, as most experts...
Daily Newscast

Latest Articles

Ford files patent for smart tool tracking system in vehicles
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Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy
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Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy

Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce
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Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce

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 revives supplier rewards program to drive cost savings

Pricing transparency raises OEM website satisfaction, JD Power finds
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Pricing transparency raises OEM website satisfaction, JD Power finds

Hyundai takes full control of Boston Dynamics as robotics strategy accelerates
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Hyundai takes full control of Boston Dynamics as robotics strategy accelerates

Mitsubishi expands Texas port operations to speed dealer deliveries
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Mitsubishi expands Texas port operations to speed dealer deliveries

The AI platform capturing $10,000 a month in after-hours dealer revenue
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The AI platform capturing $10,000 a month in after-hours dealer revenue

Fighting payment anxiety in the F&I office with empathy and value
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Fighting payment anxiety in the F&I office with empathy and value

Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors
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Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors


CBT News
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