TSLA388.775-5.685%
GM76.730-0.91%
F14.130-0.05%
RIVN16.735-1.065%
CYD45.140-0.73%
HMC28.7750.885%
TM179.3702.45%
CVNA69.810-0.78%
PAG206.1005.7%
LAD341.88510.515%
AN209.5406%
GPI328.7909.39%
ABG227.4108.98%
SAH102.7953.065%
TSLA388.775-5.685%
GM76.730-0.91%
F14.130-0.05%
RIVN16.735-1.065%
CYD45.140-0.73%
HMC28.7750.885%
TM179.3702.45%
CVNA69.810-0.78%
PAG206.1005.7%
LAD341.88510.515%
AN209.5406%
GPI328.7909.39%
ABG227.4108.98%
SAH102.7953.065%
TSLA388.775-5.685%
GM76.730-0.91%
F14.130-0.05%
RIVN16.735-1.065%
CYD45.140-0.73%
HMC28.7750.885%
TM179.3702.45%
CVNA69.810-0.78%
PAG206.1005.7%
LAD341.88510.515%
AN209.5406%
GPI328.7909.39%
ABG227.4108.98%
SAH102.7953.065%


carvana

Carvana

Illinois Secretary of State revokes Carvana’s dealer license for the second time

- July 20, 2022
For the second time in two months, the Illinois Secretary of State's office has revoked Carvana's dealer's license and banned the retailer from selling vehicles in the state. A representative for the...
Articles Headlines
Carvana

4 lessons car dealers can learn from Carvana’s missteps

- May 19, 2022
Carvana has been in the news for all the wrong reasons this year. A blockbuster agreement to purchase ADESA U.S. has been completed, but what should have been a watershed...
Management & Leadership Articles
Carvana

Carvana’s operations in Illinois have been suspended

- May 18, 2022
Illinois has suspended Carvana's dealer's license after an investigation found that the company “improperly” gave residents out-of-state registration tags and failed to transfer car titles within a reasonable time frame. The investigation...
Articles Headlines
Carvana

Carvana cuts 2,500 jobs after posting net loss of $506M

- May 12, 2022
In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the affected employees were reportedly working in...
Articles Headlines
EchoPark

Sonic Automotive opens EchoPark retail hub in Missouri

- May 12, 2022
In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90% coverage throughout the U.S. by 2025....
Articles Headlines

Carvana sales drop in Q1 for the first time ever

- April 22, 2022
After performing exceptionally well throughout the pandemic, Carvana reported that overall sales had dropped for the first time ever. Carvana sales totaled 105,185 for the first quarter, down almost 8,000 from Q4...
Articles Headlines
Carvana, car

KAR Global sells ADESA auction business to Carvana in $2.2B deal

- February 25, 2022
On Thursday, KAR Global agreed to terms of a deal that sees all ADESA auction operations and businesses in the US transfer to Carvana. The deal is worth $2.2 billion...
Headlines Articles
Carvana

Carvana expansion shows the importance of growing online car sales

- February 25, 2022
Carvana announced this week it had opened its brand new campus in Georgia, which is one of its largest campuses and will add 1,500 jobs in the state. This marks...
Sales & Marketing Articles
online

How to sell better than your online-only competition

- November 26, 2021
As transaction prices on new and used vehicles soar, competition for today’s auto buyers is fierce. But it’s not just local competitors dealers need to contend with. Rapid digitalization due...
Sales & Marketing Articles
Carvana

Carvana shows growth but takes a financial loss on Q3 2021 results

- November 10, 2021
Growing sales and great profit margins weren’t enough to push Carvana into the black through the third quarter of 2021. In the shareholder letter issued on November 4 from founder...
Daily Automotive News Articles

Latest Articles

Ford files patent for smart tool tracking system in vehicles
Latest Articles 07/16/26

Ford files patent for smart tool tracking system in vehicles

Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy
Latest Articles 07/16/26

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
Latest Articles 07/16/26

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.
Latest Articles 07/16/26

Stellantis revives supplier rewards program to drive cost savings

Pricing transparency raises OEM website satisfaction, JD Power finds
Latest Articles 07/16/26

Pricing transparency raises OEM website satisfaction, JD Power finds

Hyundai takes full control of Boston Dynamics as robotics strategy accelerates
Latest Articles 07/16/26

Hyundai takes full control of Boston Dynamics as robotics strategy accelerates

Mitsubishi expands Texas port operations to speed dealer deliveries
Latest Articles 07/16/26

Mitsubishi expands Texas port operations to speed dealer deliveries

The AI platform capturing $10,000 a month in after-hours dealer revenue
Latest Articles 07/16/26

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
Latest Articles 07/16/26

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

Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors
Latest Articles 07/15/26

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


CBT News
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