TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%


Detroit Free Press

Mark Phelan EVs

Auto critic Mark Phelan recaps key moments from the 2022 Detroit Auto Show

- October 24, 2022
There was a lot of anticipation, excitement, and announcements surrounding electric vehicles out at the Detroit Auto Show. Now that the event has concluded, we're getting a recap from auto...
Daily Automotive News Inside Automotive
Mark Phelan

Will the automotive retail industry continue its upward momentum through 2021? – Mark Phelan, Detroit Free Press

- April 23, 2021
As we see car dealers and OEMs become more proactive and technology continues to evolve, There’s no room to be left behind in today’s market. Today on CBT News, host...
Daily Automotive News Featured

Auto Columnist Mark Phelan Discusses COVID-19 Recovery for Michigan Dealers and OEMs

- May 29, 2020
On today's show, we’re pleased to welcome back Mark Phelan, auto critic and columnist for the Detroit Free Press, the largest daily newspaper in Detroit, Michigan. Did you enjoy this segment?...
Daily Automotive News Auto News
Detroit Free Press

Will Customer Buying Habits Be Changed Permanently by the Coronavirus? – Mark Phelan, Detroit Free Press

- April 15, 2020
As part of our continuing coverage of the Coronavirus, we’re pleased to welcome Mark Phelan, auto critic and columnist for the Detroit Free Press, the largest daily newspaper in Detroit,...
Daily Automotive News Auto News
newscast

How to Structure your Dealership for Online Auto Sales in 2018 | Volvo: Will customers upgrade their cars like smartphones? | WardsAuto: Recent study highlights dealership foot-traffic patterns

- December 20, 2017
On today's CBT Newscast for Wednesday, December 20, 2017: How to Structure your Dealership for Online Auto Sales in 2018 Joe Gumm speaks with Mark Rikess, the President of The Rikess Group...
Daily Newscast

Learn why your dealership should be selling more SUVS and crossovers in the future

- June 14, 2016
So have you seen a shift in what you’re selling lately...or what people are wanting at your dealership? Well, in may, sales declined for six of eight best-selling cars...
Auto News


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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.
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CBT News
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