TSLA375.9002.18%
GM77.810-0.71%
F12.375-0.105%
RIVN16.578-0.3724%
CYD41.320-0.55%
HMC24.290-0.19%
TM192.800-3.28%
CVNA400.920-2.09999%
PAG160.4900.49%
LAD274.940-1.45%
AN202.730-0.24%
GPI338.490-1.29%
ABG201.140-0.87%
SAH71.175-0.045%
TSLA375.9002.18%
GM77.810-0.71%
F12.375-0.105%
RIVN16.578-0.3724%
CYD41.320-0.55%
HMC24.290-0.19%
TM192.800-3.28%
CVNA400.920-2.09999%
PAG160.4900.49%
LAD274.940-1.45%
AN202.730-0.24%
GPI338.490-1.29%
ABG201.140-0.87%
SAH71.175-0.045%
TSLA375.9002.18%
GM77.810-0.71%
F12.375-0.105%
RIVN16.578-0.3724%
CYD41.320-0.55%
HMC24.290-0.19%
TM192.800-3.28%
CVNA400.920-2.09999%
PAG160.4900.49%
LAD274.940-1.45%
AN202.730-0.24%
GPI338.490-1.29%
ABG201.140-0.87%
SAH71.175-0.045%


Joe Biden

Since the 2022 Inflation Reduction Act, approximately $128 billion has been invested in domestic EV and battery manufacturing.

EV policy will play a critical role in upcoming 2024 elections

- November 27, 2023
The discourse around electric vehicles (EVs) is heating up on the political front, reporting by Reuters reveals. As the 2024 presidential race intensifies, EVs have become a contentious topic. Republican contenders,...
Articles Headlines
gas prices

Automakers face staggering fines over proposed fuel economy standards

- October 3, 2023
General Motors would incur fines totaling $6.5 billion and Chrysler parent Stellantis $3 billion due to Biden's administration plan to raise fuel economy standards through 2032.  In a letter to the...
Headlines Articles
Earlier this week in automotive industry news: Biden supports UAW strike, Ford halts $3.5B EV plant, and new AutoNation COO unveiled.

Weekly roundup: Biden visits UAW picket line, Ford halts $3.5B Plant, AutoNation Appoints New COO

- September 29, 2023
Earlier this week: President Biden supported the United Auto Workers strike in Detroit by jumping on the picket line. AutoNation ignited a bidding frenzy with a bold $544 million offer...
Headlines Articles
Auto News: GM's top brass highlights UAW contract challenges. Biden's EV vision gets a $12B boost, while Tesla changes pricing.

Weekly roundup: GM raises UAW concerns, Biden pledges $12B for EV production, Tesla announces more price cuts

- September 8, 2023
Earlier this week: General Motors' manufacturing lead, Gerald Johnson, voiced his concerns regarding contract discussions with the United Auto Workers (UAW) in a video statement alongside GM's President, Mark Reuss....
Articles Headlines
Current GOP frontrunner Donald Trump criticized the automotive industry's electric vehicle transition during a weekend event in Michigan.

Trump makes case against electric vehicle push to Michigan voters

- June 26, 2023
Current GOP frontrunner Donald Trump criticized the automotive industry's electric vehicle transition during a weekend event in Michigan. Trump made the remarks at the Lincoln Day Dinner, hosted on Sunday, June...
Articles Headlines
right to repair Biden, railroad strike

President Biden bets on Michigan as manufacturing hub of the nation

- December 1, 2022
While visiting a semiconductor chip manufacturer close to Bay City, Michigan, this week, President Joe Biden spoke about federal taxpayer investments in U.S. manufacturing and the pursuit of an energy...
Articles Headlines
President Biden

President Biden promotes American EV manufacturing at Detroit Auto Show

- September 15, 2022
During his visit to the Detroit Auto Show, President Joe Biden announced the first wave of funding for a national network of electric vehicle charging stations, subsidizing the building of...
Articles Headlines
Biden

Biden announces non-binding target for EVs by 2030

- August 6, 2021
The Biden administration is continuing its efforts to facilitate the transition to all-electric vehicles, with Biden proposing a goal for 40% to 50% of vehicles to be either all-electric, hydrogen-powered,...
Daily Automotive News Articles
American

Biden proposes change in “Buy American” rules to increase US-made product content

- July 30, 2021
The Biden Administration wants more taxpayer spending to go toward American-made products and has issued a proposed rule change to that end. If it’s passed, it will require any government...
Daily Automotive News Articles
infrastructure bill

How could a new infrastructure bill impact EV stocks?

- July 14, 2021
President Biden has plans to unveil a $2.5 trillion infrastructure proposal this week, which would be one of the largest infrastructure ventures the US has ever seen. Revamping the infrastructure...
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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Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
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Toyota Mobility Foundation Names Innovators in Clean Freight as Detroit Winners of Global Sustainable Cities Challenge
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Baumann Auto Group
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Ford doubles down on U.S. assembly as trade policies shift industry strategy
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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.
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 
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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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Autonomous
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Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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