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

Tesla secures tax incentives for a new Megapack factory near Houston, creating 1,500 jobs and expanding its energy storage business.

Tesla secures tax incentives for new Houston Megapack factory

- March 6, 2025
Tesla has secured a tax abatement from Waller County, Texas, to develop a new Megapack factory near Houston, further expanding its energy storage business. The facility, located in the Empire...
Articles Headlines
Protests against Elon Musk's government cuts escalate, hitting Tesla financially as demonstrations spread across the U.S. and globally.

‘Tesla Takedown’ movement sparks nationwide protests and boycotts

- March 4, 2025
Nine people were arrested during a protest staged outside a New York Tesla dealership on Saturday. Several protestors aggressively heckled Tesla drivers while some forced their way inside the showroom,...
Articles Headlines

BYD achieves record EV sales, dominating the global market

- March 4, 2025
BYD, a leading Chinese electric vehicle manufacturer, reported record-breaking global sales in February 2025, continuing its rapid expansion in the EV market. The company sold 322,846 vehicles worldwide, an 8.9%...
Articles Headlines

GNYADA President Mark Schienberg talks 2025 industry challenges and New York Auto Show

- March 4, 2025
As the automotive industry grapples with evolving regulations, direct sales concerns, and potential tariffs, the Greater New York Automobile Dealers Association (GNYADA) is working to protect franchise dealers and streamline...
Featured Daily Automotive News
Hyundai Motor America set a new sales record in February, delivering 62,032 units—a 3% increase from the same month in 2024.

Hyundai celebrates historic February sales driven by EV and hybrid growth 

- March 3, 2025
Hyundai Motor America set a new sales record in February, delivering 62,032 units—a 3% increase from the same month in 2024. This marks Hyundai’s best February sales performance in history...
Headlines Articles
BMW has secured its position as the top U.S. vehicle exporter by value, surpassing domestic giants like Ford, GM, Stellantis, and Tesla.

BMW leads U.S. auto exports, outpacing domestic brands

- February 28, 2025
Germany’s BMW has secured its position as the top U.S. vehicle exporter by value, surpassing domestic giants like Ford, General Motors, Stellantis, and Tesla. The automaker’s massive Spartanburg, South Carolina, plant...
Headlines Articles
Tesla is seeking approval from California regulators to launch a ride-hailing service, a move that could diversify its revenue stream.

Tesla seeks approval for ride-hailing service in California, signaling shift amid EV slowdown

- February 28, 2025
Tesla is seeking approval from California regulators to launch a ride-hailing service, a strategic move that could diversify its revenue stream as its core electric vehicle (EV) business faces declining...
Headlines Articles
Stellantis' announced its most lucrative compensation package that former CEO Carlos Tavares collected despite the company’s downturn

Former Stellantis CEO collects lucrative compensation package amid company financial struggles

- February 28, 2025
Stellantis has revealed a staggering 70% drop in net profit for 2024, highlighting the automaker’s deep financial troubles. The company recently published its 2024 Annual Report and Form 20-F, which...
Articles Headlines
Polestar, the electric vehicle maker, announced today that it has secured a 12-month loan facility of up to $450 million.

Polestar secures $450 million loan amid weak demand and delayed earnings reports

- February 28, 2025
Polestar, the electric vehicle maker, announced today that it has secured a 12-month loan facility of up to $450 million. The company also delayed its fourth-quarter earnings report and annual...
Headlines Articles
GM announced a 25% increase in its quarterly dividend and a new $6 billion share repurchase program, signaling confidence.

GM boosts dividend and initiates $6 billion share buyback program

- February 27, 2025
General Motors (GM) has announced a 25% increase in its quarterly dividend and a new $6 billion share repurchase program, signaling confidence in its financial position and future growth. The...
Headlines Articles

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
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