TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%
TSLA391.060-3.4%
GM77.7200.08%
F14.1800%
RIVN17.090-0.71%
CYD44.720-1.15%
HMC28.7700.88%
TM179.7602.84%
CVNA70.6400.05%
PAG204.7504.35%
LAD339.1607.79%
AN209.0005.46%
GPI331.65012.25%
ABG226.6608.23%
SAH102.8103.08%


EV

sell EVs

Buick to require $300,000 minimum from dealerships hoping to sell EVs

- December 21, 2022
Buick dealerships hoping to sell EVs will be required to make a $300,000 minimum investment. The money will fund upgrades to the investing dealer's training, maintenance operations and building, which will...
Articles Headlines
EV6 GT

New Kia EV6 GT not revolutionary, but a step in the right direction

- December 20, 2022
The new Kia EV6 GT should be hitting dealership lots in the coming weeks. While the automaker has built up excitement for the vehicle over the course of 2022, its...
Articles Headlines
J.D. Power, tax incentive

J.D. Power believes the EV market will outperform 2023 predictions

- December 20, 2022
A new J.D. Power study has revealed that the EV market could be growing much faster than previously thought. Automakers are watching the EV market carefully for good news after pouring...
Articles Headlines
Retail Automotive Trends

10 Automotive retail trends that will shape the industry in 2023

- December 19, 2022
As we move into 2023, the automotive retail industry faces significant changes and challenges. Here are 10 of the biggest trends that will shape the industry over the next year. These...
Articles Daily Automotive News

How can car dealers prepare to serve future EV customers?

- December 16, 2022
As EVs settle firmly into a mainstay, dealerships must regard their role in the coming electric future. True, internal combustion engines (ICEs) are not going anywhere soon; many projections don’t...
Sales & Marketing Articles
California state, states ev investments

The state of California approves billions in investments to double EV chargers

- December 16, 2022
The California Energy Commission has authorized a $2.9 billion investment plan to help the state meet its 2025 goals for electric vehicle charging and hydrogen refueling. The investment will create...
Articles Headlines

Mercedes and Rivian pause agreement to make electric van in Europe

- December 13, 2022
On December 12, Rivian issued a statement announcing that it was postponing its intentions to produce electric commercial vans in Europe and that it would no longer be pursuing its...
Articles Headlines
COVID-19, automotive auto

4 post-COVID consumer shifts in the retail auto market 

- December 12, 2022
The automotive industry is always changing, and the COVID-19 pandemic has undoubtedly shaken things up immensely and will likely continue to do so both short-term and long-term. Automakers, dealers, and...
Articles Management & Leadership
battery, batteries

New battery factory coming to Georgia, courtesy of South Korea

- December 12, 2022
Following in the wake of other manufacturers, South Korean companies Hyundai and SK On have officiated plans to construct a new EV battery plant in Georgia in 2025. The announcements follows...
Articles Headlines
Twitter, Tesla

New report says Musk requested Tesla executives work at Twitter

- December 12, 2022
According to information obtained by CNBC, Twitter and Tesla CEO Elon Musk enlisted the help of executives and high-ranking employees across his companies to help with his new platform. While the...
Articles Headlines

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Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy
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Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce
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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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Stellantis revives supplier rewards program to drive cost savings

Pricing transparency raises OEM website satisfaction, JD Power finds
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Hyundai takes full control of Boston Dynamics as robotics strategy accelerates
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Mitsubishi expands Texas port operations to speed dealer deliveries
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The AI platform capturing $10,000 a month in after-hours dealer revenue
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CBT News
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