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%


EV news

The recent CDK Global outage has sent shockwaves through the automotive industry, Jonathan Jordan shares his insights on dealers' resilience.

Navigating the aftermath: CDK Global’s outage and its impact on dealers – Jonathan Jordan | JM&A Group

- July 15, 2024
The recent CDK Global outage has sent shockwaves through the automotive industry, forcing dealerships to adapt quickly and find innovative ways to continue operations. As the sector grapples with this...
Event Coverage Inside Automotive
As we delve into the consequences of CDK Global's blackout, Kevin Tynan shares his insights on the latest episode of CBT Now.

CDK Global’s blackout: Analyzing the ripple effects on the automotive industry – Kevin Tynan

- July 15, 2024
In the aftermath of CDK Global's unexpected shutdown, dealerships nationwide are bracing for a prolonged period of disruption. As we delve into the consequences of this blackout, Kevin Tynan, Senior...
Event Coverage CBT Now
The agency model, if adopted, this model will significantly depart from the traditional dealership model we’ve known for decades. 

The future of the agency model in automotive sales: Planning for what’s ahead

- July 15, 2024
Henry Ford introduced the franchise dealer model in 1914, and it’s been a stable and secure part of our industry. However, recently, a buzzword gaining traction is “the agency model.” If adopted, this model...
Daily Automotive News Articles
Earlier this week: UAW pres. Shawn Fain revealed union demands, Toyota's global sales rose 5.1% in the first half of 2023, and more headlines to stay on top of this week in automotive industry news.

UAW President raises concerns over Biden’s re-election chances

- July 12, 2024
United Auto Workers (UAW) President Shawn Fain met with the union's executive board late Thursday to discuss his deep concerns regarding President Joe Biden's ability to defeat Donald Trump in...
Headlines Articles
In a letter sent to over 15,000 dealerships yesterday, CEO Brian MacDonald acknowledged the challenges posed by CDK's cyberattacks.

CDK Global CEO promises financial compensation after cyberattacks

- July 12, 2024
In a letter sent to over 15,000 dealerships yesterday, CEO Brian MacDonald acknowledged the challenges posed by CDK's cyberattacks and assured dealerships of forthcoming financial relief. The letter did not...
Articles Event Coverage
Consumer Reports tested around 50 EVs this year, but only 14 made the final cut. The BMW IX topped the list, and only one Tesla.

BMW iX tops Consumer Reports’ best EV list, only one Tesla makes the cut

- July 12, 2024
Consumer Reports tested around 50 electric vehicles (EVs) this year, evaluating their performance, range, comfort, and quality. Of these, only 14 made the final cut, with a notable presence of...
Headlines Articles
Ben Keating Keating Automotive Group, has been hit hard by Hurricane Beryl and CDK's cyberattacks.

Keating Automotive Group grapples with Hurricane Beryl’s aftermath and cyberattack disruptions

- July 12, 2024
The 2024 hurricane season has begun with Hurricane Beryl, which has already caused significant damage and fatalities in Texas, Grenada, Venezuela, and nearby areas. Beryl set records as the earliest...
Headlines Articles
As prices continue to rise, vehicle affordability is a pressing concern for consumers and dealers. Today Dennis Gingrich joins us.

Navigating vehicle affordability and market trends with Dennis Gingrich

- July 12, 2024
As prices continue to rise, vehicle affordability is a pressing concern for many consumers and dealers. In today's episode of Inside Automotive, we’re joined by Dennis Gingrich, Sales and Finance...
Inside Automotive Daily Automotive News
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

Counterfeit Crisis: Ferrari’s battle against fake cars and merchandise

- July 12, 2024
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting...
Future of Automotive Featured

Weekly roundup: Biden awards $1.1B for EV plant conversions, IBAT hits lithium milestone, Ohio joins supreme court emissions challenge

- July 12, 2024
Earlier this week: The Biden Administration awarded $1.1 billion in grants to GM and Stellantis for EV plant conversions. IBAT made a significant breakthrough in lithium with novel filtration technology....
Articles Daily Automotive News


Latest Articles

Sale of stakes in Bugatti Rimac and Rimac Group marks latest move in Porsche CEO Michael Leiters' sweeping turnaround effort.
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Porsche sells Bugatti Rimac stakes as it shifts focus to gas, hybrid models

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
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Toyota Mobility Foundation Names Innovators in Clean Freight as Detroit Winners of Global Sustainable Cities Challenge
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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
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Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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