TSLA376.3402.62%
GM77.540-0.98%
F12.405-0.075%
RIVN16.640-0.3101%
CYD41.230-0.64%
HMC24.255-0.225%
TM192.670-3.41%
CVNA398.740-4.28%
PAG159.875-0.125%
LAD275.100-1.29%
AN203.1600.19%
GPI336.280-3.5%
ABG201.010-1%
SAH70.700-0.52%
TSLA376.3402.62%
GM77.540-0.98%
F12.405-0.075%
RIVN16.640-0.3101%
CYD41.230-0.64%
HMC24.255-0.225%
TM192.670-3.41%
CVNA398.740-4.28%
PAG159.875-0.125%
LAD275.100-1.29%
AN203.1600.19%
GPI336.280-3.5%
ABG201.010-1%
SAH70.700-0.52%
TSLA376.3402.62%
GM77.540-0.98%
F12.405-0.075%
RIVN16.640-0.3101%
CYD41.230-0.64%
HMC24.255-0.225%
TM192.670-3.41%
CVNA398.740-4.28%
PAG159.875-0.125%
LAD275.100-1.29%
AN203.1600.19%
GPI336.280-3.5%
ABG201.010-1%
SAH70.700-0.52%


Carlos Tavares

Former Stellantis CEO Carlos Tavares predicts Elon Musk may leave Tesla amid BYD competition.

Ex-Stellantis chief Tavares predicts Tesla’s Elon Musk will exit auto industry

- October 27, 2025
On the Dash: Former Stellantis CEO Carlos Tavares predicts Musk may leave Tesla to focus on other ventures. Tesla faces increasing competition from China’s BYD, signaling pressure on market share. ...
Articles Headlines
Stellantis' announced its most lucrative compensation package that former CEO Carlos Tavares collected despite the company’s downturn

Former Stellantis CEO collects lucrative compensation package amid company financial struggles

- February 28, 2025
Stellantis has revealed a staggering 70% drop in net profit for 2024, highlighting the automaker’s deep financial troubles. The company recently published its 2024 Annual Report and Form 20-F, which...
Articles Headlines

John Elkann takes lead at Stellantis after Tavares exit

- December 3, 2024
Stellantis CEO Carlos Tavares' sudden resignation has sent shockwaves through the automotive industry. This departure is especially surprising since Tavares had only recently announced that he would step down when...
Articles Headlines
Stellantis is laying off nearly 200 workers at its Sterling Heights Assembly Plant in suburban Detroit, where the company builds the Ram 1500

Stellantis cuts nearly 200 jobs at Sterling Heights plant as it prepares for electric Ram 1500 production

- September 25, 2024
Stellantis is laying off nearly 200 workers at its Sterling Heights Assembly Plant in suburban Detroit, where the company builds the Ram 1500. Effective September 28, these layoffs include all...
Headlines Articles
Stellantis is offering buyouts to U.S. salaried employees to cut costs after a significant drop in net income during the years first half

Stellantis offers buyouts to U.S. salaried employees amid profit decline

- July 31, 2024
Stellantis is offering buyouts to U.S. salaried employees to cut costs after a significant drop in net income during the first half of the year. This move follows executive promises...
Headlines Articles
Stellantis

Stellantis Q2 sales underwhelm with 16% drop YoY

- July 6, 2022
Stellantis joins other automakers that have reported underwhelming sales and production this quarter. Vehicle sales by Stellantis are down about 16% in the second quarter of 2022. There is tight...
Articles Headlines

Stellantis calls for EV affordability, warns high prices could collapse market

- July 1, 2022
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are leaders in the EV industry since...
Articles Headlines
EV

Stellantis CEO predicts supply issues will hinder EV transition

- May 11, 2022
Stellantis Chief Executive Officer Carlos Tavares said at a conference on Tuesday that the auto industry would likely continue to be impacted by the ongoing supply chain disruptions for a few more...
Articles Headlines
Stellantis

Stellantis CEO says chip shortages will continue into 2023

- May 2, 2022
Carlos Tavares, Stellantis’s Chief Executive Officer, said at an event on Friday that he does not foresee the semiconductor chip shortage ending this year and expects the issue to drag into 2023....
Articles Headlines
Stellantis

Stellantis rumored to drop all HEMI engines by 2024

- December 20, 2021
An era of high-displacement engines could soon be over for brands under the Stellantis umbrella. It’s rumored that Chrysler, Dodge, Jeep, and RAM Trucks will drop the naturally aspirated HEMI...
Daily Automotive News Articles

Latest Articles

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
Latest Articles 04/24/26

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%

Toyota Mobility Foundation Names Innovators in Clean Freight as Detroit Winners of Global Sustainable Cities Challenge
Latest Articles 04/24/26

Toyota Mobility Foundation names innovators in clean freight as Detroit winners of Global Sustainable Cities Challenge

Baumann Auto Group
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Baumann Auto Group acquires Firelands Chevrolet of Norwalk in Ohio

Ford doubles down on U.S. assembly as trade policies shift industry strategy
Latest Articles 04/24/26

Ford doubles down on U.S. assembly as trade policies shift industry strategy

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.
Latest Articles 04/24/26

Stellantis to prioritize four core brands in turnaround strategy, sources say

Hyundai's profit drops 24% as tariffs, weak global demand persist 
Latest Articles 04/24/26

Hyundai’s profit drops 24% as tariffs, weak global demand persist 

The latest JD Power-GlobalData forecast shows a decline in new car sales in April, but you can blame last year's tariff panic, not today's buyers.
Latest Articles 04/24/26

New car sales drop 7.3% in April, but don’t blame buyers

2026 Subaru Outback: Rugged evolution meets everyday practicality
Latest Articles 04/24/26

2026 Subaru Outback: Rugged evolution meets everyday practicality

Autonomous
Latest Articles 04/24/26

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

Tesla is winning the self-driving race – so why is Washington trying to slow it down?
Latest Articles 04/24/26

Tesla is winning the self-driving race – so why is Washington trying to slow it down?


CBT News
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