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%


EVs

How car dealerships are preparing for an EV future

- October 6, 2021
Though the idea of electric vehicles (EVs) can be traced back to the 1800s, with over half a million units sold in the first quarter of 2020, it was the...
Daily Automotive News Articles
Benstock

Paragon’s Brian Benstock shares takeaways from recent 20 group meeting

- October 4, 2021
With tight inventory and quotas to meet, how are sales teams managing? For Paragon Honda and Acura, having a plan with the future in mind is key. On today’s edition...
Management & Leadership Featured
energy

General Motors five years ahead of schedule for 100% renewable energy

- October 4, 2021
On Thursday, September 30, General Motors issued a press release to announce the carmaker plans to acquire 100% of its power from renewable energy sources by 2025. This announcement puts...
Daily Automotive News Articles
EV

Cox Automotive Mobility’s Joe George talks latest acquisition of new EV battery service

- October 1, 2021
As the EV market heats up, Cox Automotive Mobility announced a new acquisition that will provide an EV battery service network for OEMs, dealers, and fleet providers. On today’s show,...
Daily Automotive News Featured
Lordstown

Report says Lordstown will sell Ohio plant to Foxconn

- October 1, 2021
Electric pickup truck makers Lordstown Motors is positioned to sell their plant in Ohio to Foxconn Technology Group out of Taiwan, according to reports. A deal is imminent, according to...
Daily Automotive News Auto News
Barbera

PA car dealer Gary Barbera on the importance of ‘sticking to the fundamentals’

- September 28, 2021
Chances are if you’ve been in or around Philly you’re familiar with Barbera on the Boulevard, home to the Barbera Bear. Recognized by FCA as Philadelphia's number one volume dealer...
Management & Leadership Featured
Polestar

Electric car company Polestar to go public via SPAC

- September 28, 2021
One of the electric car companies that are already producing and delivering new vehicles to consumers is taking the plunge into the stock market. A press release was issued on...
Daily Automotive News Articles

The aftermath of Hurricane Ida: NJ Car Pres. Jim Appleton talks recovery efforts

- September 24, 2021
It has been some time since Hurricane Ida bombarded the Gulfcoast and Northeast with severe flooding. According to Carfax, 212,000 vehicles were potentially damaged by the storm. On today’s show,...
Daily Automotive News Featured
Tynan

Bloomberg’s Kevin Tynan on the future of electrification in the auto industry

- September 22, 2021
Hyundai Motor Group recently announced their efforts to “achieve a fuel cell vehicle price point comparable to a battery-electric vehicle by 2030.” Is this a cause for concern or could...
Daily Automotive News Featured
Finkelmeyer

Cox Automotive’s Brian Finkelmeyer on new vehicle inventory and what dealers should focus on

- September 22, 2021
As demand continues to climb alongside inventory concerns, could you be doing more to get ahead of it all? On today’s show, we’re pleased to welcome Brian Finkelmeyer, Senior Director...
Sales & Marketing Featured

Latest Articles

Ford files patent for smart tool tracking system in vehicles
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Ford files patent for smart tool tracking system in vehicles

Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy
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Stellantis revives supplier program, JD Power sees transparency gains, Hyundai expands robotics strategy

Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce
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Bosch announces $225 million direct funding agreement with the U.S. Department of Commerce

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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Hyundai takes full control of Boston Dynamics as robotics strategy accelerates

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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Fighting payment anxiety in the F&I office with empathy and value
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Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors
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Mexico targets USMCA tariffs, Volkswagen expands affordable EVs, Lucid denies bankruptcy rumors


CBT News
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