TSLA376.0302.31%
GM77.800-0.72%
F12.339-0.1415%
RIVN16.365-0.585%
CYD41.360-0.51%
HMC24.315-0.165%
TM192.960-3.12%
CVNA404.7401.71999%
PAG160.5500.55%
LAD274.620-1.77%
AN202.790-0.18%
GPI339.8500.07%
ABG201.255-0.755%
SAH71.4100.19%
TSLA376.0302.31%
GM77.800-0.72%
F12.339-0.1415%
RIVN16.365-0.585%
CYD41.360-0.51%
HMC24.315-0.165%
TM192.960-3.12%
CVNA404.7401.71999%
PAG160.5500.55%
LAD274.620-1.77%
AN202.790-0.18%
GPI339.8500.07%
ABG201.255-0.755%
SAH71.4100.19%
TSLA376.0302.31%
GM77.800-0.72%
F12.339-0.1415%
RIVN16.365-0.585%
CYD41.360-0.51%
HMC24.315-0.165%
TM192.960-3.12%
CVNA404.7401.71999%
PAG160.5500.55%
LAD274.620-1.77%
AN202.790-0.18%
GPI339.8500.07%
ABG201.255-0.755%
SAH71.4100.19%


EV news

Joining us on the latest episode of Inside Automotive is Ted Smith, President of the Florida Automobile Dealers Association.

FADA President Ted Smith discusses challenges and advocacy efforts for 2024-2025

- June 10, 2024
As you know, dealer state associations tirelessly advocate for their members. In response to recent challenges to franchise laws, the Florida Automobile Dealers Association is ramping up its efforts. Joining...
Inside Automotive Daily Automotive News
Chevy Blazer EV leases now offer unprecedented value for shoppers

Chevy Blazer EV leases now offer unprecedented value for shoppers

- June 7, 2024
Chevy Blazer shoppers have a compelling reason to consider upgrading to the new 2024 Chevy Blazer EV this month. Based on dealer incentive bulletins, leasing a 2024 Chevy Blazer EV...
Headlines Articles
Rivian unveiled redesigned versions of its all-electric R1 pickup and SUV models, the R1T and R1S, featuring improved range.

Rivian redesigns R1 models to enhance range, performance, and computing power

- June 7, 2024
Rivian has unveiled redesigned versions of its all-electric R1 pickup and SUV models, the R1T and R1S, featuring improved range, performance, and computing power with the integration of Nvidia chips.  The...
Headlines Articles
Hertz Global has put 20,000 electric vehicles from its global fleet, including nearly a third of its existing EV inventory, up for sale.

Hertz sells Tesla’s fleet amid the slowing EV market

- June 7, 2024
Hertz Global Holdings has put 20,000 electric vehicles from its global fleet, including nearly a third of its existing EV inventory, up for sale. This move, starting in January, marks...
Headlines Articles
Fisker's future looks uncertain following the company fialling to repay a loan, bringing the EV maker closer to potential bankruptcy

Fisker faces imminent bankruptcy after failing to repay $3.5 million loan

- June 7, 2024
Fisker's future looks increasingly uncertain following a recent 8-K filing that revealed the company failed to repay a nearly $3.5 million loan last month, bringing the electric vehicle (EV) automaker...
Headlines Articles
Hybrids are taking center stage. In today's episode of Inside Automotive, we’re joined by Tom Kondrat, to share the latest Urban Science study

How the surge in hybrids reflects the growing consumer interest in EVs – Tom Kondrat | Urban Science

- June 7, 2024
Hybrids are taking center stage. In fact, according to Urban Science, HEV sales surged the most among all electrified powertrains. In today's episode of Inside Automotive, we’re joined by Tom...
Inside Automotive Daily Automotive News
Governor Glenn Youngkin announced that starting in 2025, Virginia will no longer adhere to California's stringent emissions standards.

Virginia abandons California’s EV mandate, citing consumer choice and legal grounds

- June 6, 2024
Virginia is stepping back from electric vehicle (EV) requirements that would have phased out the sale of new gasoline-powered vehicles by 2035. Governor Glenn Youngkin announced that starting in 2025,...
Headlines Articles
GM bolt EV sales

GM’s EV sales surged in May, marking a turnaround despite Bolt’s discontinuation

- June 6, 2024
General Motors experienced its highest-ever monthly electric vehicle (EV) sales in May, just six months after discontinuing its affordable and best-selling Chevrolet Bolt EV and EUV. This impressive achievement, announced...
Headlines Articles
The Jeep Wagoneer earned this accolade by outperforming the Chevrolet Tahoe and Ford Expedition in IIHS testing for the 2023 and 2024 models.

Jeep Wagoneer secures Top Safety Pick Award, outshining rivals

- June 6, 2024
Stellantis, one of the Detroit Three automakers, received the 2024 Top Safety Pick award from the Insurance Institute for Highway Safety (IIHS) for its full-size SUV. The Jeep Wagoneer earned...
Headlines Articles
lithia motors

Lithia Motors aims for $150 million in annual savings through targeted layoffs and cost reductions

- June 6, 2024
Lithia Motors is set to achieve an annual savings of $150 million through strategic layoffs and other employee cost reductions this quarter, as confirmed by Jardon Jaramillo, senior director of...
Headlines Articles

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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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
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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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