TSLA376.0602.34%
GM77.920-0.6%
F12.343-0.137%
RIVN16.335-0.615%
CYD41.680-0.19%
HMC24.295-0.185%
TM192.710-3.37%
CVNA403.1900.17%
PAG160.2950.295%
LAD274.710-1.68%
AN203.1600.19%
GPI339.9600.18%
ABG201.740-0.27%
SAH71.6500.43%
TSLA376.0602.34%
GM77.920-0.6%
F12.343-0.137%
RIVN16.335-0.615%
CYD41.680-0.19%
HMC24.295-0.185%
TM192.710-3.37%
CVNA403.1900.17%
PAG160.2950.295%
LAD274.710-1.68%
AN203.1600.19%
GPI339.9600.18%
ABG201.740-0.27%
SAH71.6500.43%
TSLA376.0602.34%
GM77.920-0.6%
F12.343-0.137%
RIVN16.335-0.615%
CYD41.680-0.19%
HMC24.295-0.185%
TM192.710-3.37%
CVNA403.1900.17%
PAG160.2950.295%
LAD274.710-1.68%
AN203.1600.19%
GPI339.9600.18%
ABG201.740-0.27%
SAH71.6500.43%


lithium batteries

The U.S. gov't has approved a lithium mine in Nevada to disrupt China’s hold over the global supply of minerals needed for EV batteries.

U.S. greenlights major lithium mine in Nevada to challenge China’s supply chain dominance

- October 25, 2024
The U.S. government has approved the construction of a massive lithium mine in Nevada, aiming to disrupt China’s hold over the global supply of critical minerals needed for electric vehicle...
Articles Headlines
Helixx Technologies has begun accepting registrations in Southeast Asia for its electric car and van subscription service.

Helixx Technologies launches affordable EV and Van subscription service

- April 8, 2024
Helixx Technologies has begun accepting registrations in Southeast Asia for its electric car and van subscription service. This service offers a brand-new car or van with insurance and maintenance for...
Headlines Articles
Ford and CATL

Senator Rubio ramps up efforts to block Ford and CATL partnership from tax credits

- March 13, 2023
A partnership between Ford and CATL is still under fire from Florida Senator Marco Rubio, who last week submitted legislation which would prevent the automaker from receiving tax credits under...
Articles Headlines
Li-Cycle

EV battery recycler Li-Cycle to receive conditional $375 million loan

- February 28, 2023
Yesterday, Lithium battery recycling company Li-Cycle announced it would be acquiring a $375 million conditional loan from the Department of Energy. The loan is intended to fund a new Li-Cycle facility...
Articles Headlines
LFP

Ford and CATL confirm new LFP battery factory, announce location

- February 14, 2023
Yesterday afternoon, Ford and Chinese battery maker CATL confirmed a new lithium iron phosphate (LFP) battery factory in Michigan. The news arrives some weeks after Virginia Governor Glenn Youngkin refused to...
Articles Headlines
tax incentive

EV tax incentive delays could work in auto industry’s favor

- December 21, 2022
The U.S. Treasury Department announced it would delay key pieces of its 2023 electric vehicle tax incentive guidelines until March. Originally, the agency aimed to have all relevant regulations published in...
Articles Headlines
battery Hyundai

Hyundai and SK On to bring even more EV battery plants to U.S.

- November 29, 2022
Korean automaker Hyundai has announced a joint venture with SK On to construct a new battery manufacturing plant in the U.S. This plant would not be the first such facility Hyundai...
Articles Headlines
Barra

GM predicts rosy financial future thanks to EV growth

- November 21, 2022
GM announced last Thursday it expects its EV profits to match sales of gas-powered vehicles by 2025, five years earlier than initially projected. Speaking to investors at GM's Investor Day, CEO...
Articles Headlines

Latest Articles

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%
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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
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Toyota Mobility Foundation names innovators in clean freight as Detroit winners of Global Sustainable Cities Challenge

Baumann Auto Group
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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

Autonomous
Latest Articles 04/24/26

Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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