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%


Foxconn

Foxxonn

Foxconn sells former Lordstown plant for $88M

- August 4, 2025
Foxconn, the Taiwanese electronics manufacturer best known for assembling Apple iPhones, has sold its former Lordstown, Ohio, manufacturing facility for $88 million to Crescent Dune LLC, a company it described...
Articles Headlines
Lordstown

Lordstown Motors left with $220 million as it struggles with manufacturing

- March 7, 2023
Lordstown Motors has revealed it has $220 million in cash as it looks to resume production after production was paused in February. The company, founded in 2018, has one vehicle in...
Articles Headlines
Foxconn, electric pickup

Foxconn unveils new EV crossover and pickup concepts

- October 19, 2022
Taiwanese manufacturing giant Foxconn has unveiled a new electric pickup truck and a new electric crossover, both of which are expected to make it to the United States. About a year...
Headlines Articles
Fisker

Foxconn to build Fisker PEAR EV at Lordstown Motors plant

- May 16, 2022
Shortly after Foxconn Technology Group (also known as Hon Hai Precision Industry Co.) finalized its purchase of Lordstown Motor Co.’s manufacturing facility in Ohio last week, the electronics giant announced it will...
Articles Headlines
Lordstown Motors

Lordstown Motors closes critical deal with Foxconn

- May 13, 2022
Lordstown Motors Corp. announced on Wednesday that it has finally closed its deal with Taiwan-based Foxconn, which will provide the company with much-needed capital that will help it continue its operations....
Articles Headlines
EV tax credits, credit

Three major innovations and investments in electrification

- May 17, 2021
Almost daily, the news has major announcements that center around electrifying the worldwide fleet, pivoting away from fossil-fueled vehicles and toward more efficient and less pollutant EVs. In the past...
Daily Automotive News Articles

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Sale of stakes in Bugatti Rimac and Rimac Group marks latest move in Porsche CEO Michael Leiters' sweeping turnaround effort.
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Baumann Auto Group
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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 to prioritize four core brands in turnaround strategy, sources say

Hyundai's profit drops 24% as tariffs, weak global demand persist 
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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.
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New car sales drop 7.3% in April, but don’t blame buyers

2026 Subaru Outback: Rugged evolution meets everyday practicality
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2026 Subaru Outback: Rugged evolution meets everyday practicality

Autonomous
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CBT News
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