TSLA379.0505.33%
GM77.591-0.929%
F12.405-0.075%
RIVN16.655-0.295%
CYD41.230-0.64%
HMC24.245-0.235%
TM192.460-3.62%
CVNA397.820-5.2%
PAG159.630-0.37%
LAD274.870-1.52%
AN203.1600.19%
GPI335.960-3.82%
ABG201.150-0.86%
SAH70.930-0.29%
TSLA379.0505.33%
GM77.591-0.929%
F12.405-0.075%
RIVN16.655-0.295%
CYD41.230-0.64%
HMC24.245-0.235%
TM192.460-3.62%
CVNA397.820-5.2%
PAG159.630-0.37%
LAD274.870-1.52%
AN203.1600.19%
GPI335.960-3.82%
ABG201.150-0.86%
SAH70.930-0.29%
TSLA379.0505.33%
GM77.591-0.929%
F12.405-0.075%
RIVN16.655-0.295%
CYD41.230-0.64%
HMC24.245-0.235%
TM192.460-3.62%
CVNA397.820-5.2%
PAG159.630-0.37%
LAD274.870-1.52%
AN203.1600.19%
GPI335.960-3.82%
ABG201.150-0.86%
SAH70.930-0.29%


cryptocurrency

crypto

Kevin Frye on Jeff Wyler Automotive’s first crypto car sale

- May 16, 2022
In late April, the Jeff Wyler Automotive Family sold its first car using cryptocurrency at its Mercedes-Benz of Fort Mitchell dealership. According to a press release from the dealer group, the international client paid...
Daily Automotive News Featured
cryptocurrency

How the automotive industry is getting involved with cryptocurrency

- February 1, 2022
While the idea of cryptocurrency came about in the mid-90’s and Bitcoin made its debut in 2009, it has taken quite some time for consumers to actually start investing in...
Daily Automotive News Articles
Tesla

Tesla temporarily suspends Bitcoin purchases due to carbon energy use

- May 14, 2021
Tesla’s outspoken CEO – or Technoking – Elon Musk has announced the EV carmaker has “suspended vehicle purchases using Bitcoin”. It comes barely more than three months after Tesla purchased...
Daily Automotive News Articles
cryptocurrency

Tesla buys $1.5 billion in Bitcoin, will sell cars for cryptocurrency

- February 9, 2021
On Monday, Tesla announced a purchase of around $1.5 billion USD in Bitcoin, the world’s most well-known cryptocurrency. A filing with the Securities and Exchange Commission detailed the purchase with...
Daily Automotive News Articles
automotive industry

Three Trends that Will Continue to Shape the Future of the Automotive Industry for the Next Decade

- November 1, 2019
Have you ever felt that the automotive industry is changing before your eyes? Things that were only a concept ten years ago are becoming commonplace today. This situation can be...
Daily Automotive News Auto News
bitcoin

Do Cryptocurrencies Like Bitcoin Belong in Your Dealership?

- September 17, 2018
Unless you’ve been hiding under a rock for the last several years, you are familiar with Bitcoin and the excitement surrounding blockchain technology. Also known as cryptocurrency, these electronic currencies...
Daily Automotive News Auto News

Latest Articles

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
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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
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Toyota Mobility Foundation names innovators in clean freight as Detroit winners of Global Sustainable Cities Challenge

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