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

BMW is moving forward with plans to build fully electric versions of its X5 and X7 SUVs at its Spartanburg assembly plant.

BMW to build electric iX5 and iX7 in U.S. despite tariff shifts

- June 5, 2025
German luxury automaker BMW is moving forward with plans to build fully electric versions of its iX5 and iX7 SUVs at its Spartanburg assembly plant in South Carolina, despite recent...
Headlines EVs & Technology
Lucid

Lucid secures U.S. graphite deal to bolster domestic battery supply chain

- June 5, 2025
Lucid Group has finalized a multi-year supply agreement with Graphite One Inc. to secure domestically sourced natural graphite for its future electric vehicle batteries. The deal marks Lucid’s third U.S.-based...
Articles EVs & Technology
NEVI

Spending power dispute erupts over Trump’s halt of NEVI EV grants

- June 4, 2025
The White House rejected a Government Accountability Office (GAO) conclusion that the Trump administration illegally delayed $5 billion in EV infrastructure grants. On Tuesday, the Office of Management and Budget...
Articles EVs & Technology
According to the International Energy Agency’s (IEA) latest Global EV Outlook, sales of EVs are accelerating globally, despite trade pressures

EV sales climb to record high as global prices drop and adoption expands 

- June 4, 2025
According to the International Energy Agency’s latest Global EV Outlook, sales of electric vehicles (EVs) are accelerating globally, despite trade pressures and market disruptions, including U.S. tariffs.  In 2024, more than...
Headlines EVs & Technology
Lucid offers up to $31,500 off 2025 Air models in June, its biggest EV discount push yet. Deals end June 30, 2025.

Lucid slashes prices by over $31K on 2025 Air models

- June 3, 2025
Lucid Motors is rolling out its most aggressive incentives yet, offering over $31,000 in discounts on select 2025 Lucid Air models through the end of June. The limited-time offer is...
Headlines EVs & Technology
Ford is recalling its F-150 Lightning battery-electric trucks in the U.S. due to a defect that can result in loss of steering control

Ford recalls over 29,000 F-150 Lightning trucks for steering defect

- June 2, 2025
Detroit automaker Ford is recalling 29,501 of its 2024– 2025 F-150 Lightning battery-electric trucks in the U.S. due to a defect that can result in a loss of steering control,...
Headlines EVs & Technology
Some senior Tesla executives were alarmed last year when CEO Elon Musk publicly denied canceling the company’s highly anticipated $25,000 EV

Tesla execs raise red flags after Musk denied $25K EV cancellation, Reuters reports

- June 2, 2025
An exclusive Reuters report reveals some senior Tesla executives were alarmed last year when CEO Elon Musk publicly denied canceling the company’s highly anticipated $25,000 electric vehicle, internally known as...
Headlines EVs & Technology
Rivian announced it secured a $1 billion cash infusion from Volkswagen Group following its second consecutive quarterly gross profit.

Rivian secures $1B from VW following profit milestone

- June 2, 2025
Electric vehicle maker Rivian announced it secured a $1 billion cash infusion from Volkswagen Group following its second consecutive quarterly gross profit in Q2, CEO and founder RJ Scaringe said...
Headlines EVs & Technology
Ford’s planned EV battery plant in Marshall, Michigan, is at risk if Congress eliminates federal tax credits.

Bill Ford warns EV battery plant at risk if Congress cuts tax credit

- May 30, 2025
Ford’s planned electric vehicle battery plant in Marshall, Michigan, is at risk if Congress eliminates federal tax credits tied to clean energy manufacturing, Executive Chair Bill Ford warned on May...
Headlines EVs & Technology
On May 29, Toyota reported a 10% rise in global vehicle sales for April, marking its fourth straight monthly increase.

Toyota global sales jump 10% ahead of tariff fears

- May 30, 2025
On May 29, Toyota reported a 10% rise in global vehicle sales for April, marking its fourth straight monthly increase, fueled by growing demand for hybrid vehicles and a surge...
Headlines EVs & Technology

Latest Articles

FTC invites dealers to report potential pricing issues across the industry. Ford doubles down on U.S. Assembly as trade policies shift industry strategy. Carvana expands its dealership portfolio with a CDJR dealership in Ohio. New car sales drop 7.3% in April, but don't blame buyers. Cox Automotive to acquire Fullpath to expand AI-driven marketing.
Latest Articles 04/25/26

Weekly roundup: FTC wants dealers to report deceptive pricing, Ford boost U.S. assembly, Carvana expands dealership portfolio

Sale of stakes in Bugatti Rimac and Rimac Group marks latest move in Porsche CEO Michael Leiters' sweeping turnaround effort.
Latest Articles 04/24/26

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%
Latest Articles 04/24/26

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
Latest Articles 04/24/26

Toyota Mobility Foundation names innovators in clean freight as Detroit winners of Global Sustainable Cities Challenge

Baumann Auto Group
Latest Articles 04/24/26

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


CBT News
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.