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%


manufacturing

scout motors

VW’s Scout Motors receives $1.3 billion in incentives from South Carolina

- March 22, 2023
On Monday, Volkswagen subsidiary Scout Motors received an incentive package totaling $1.3 billion from the South Carolina Department of Commerce. The funds were awarded to the electric pickup brand to assist...
Articles Headlines
metal values

Falling metal values in early 2023 could bring EV prices down

- March 22, 2023
Against analyst predictions, metal values have steadily declined in early 2023, possibly setting the scene for more affordable electric vehicles. According to data from Benchmark Minerals, prices of metals used in...
Articles Headlines
Nissan Ariya

Nissan Ariya production delayed due to issues at Japan factory

- March 13, 2023
Nissan is attempting to resolve issues at one of its factories which have caused production delays for its new Ariya electric crossover. Despite launching in 2022, only 201 Ariya EVs were...
Articles Headlines
factory closure

Ford extends Lightning factory closure, production delayed over a month

- March 6, 2023
Ford Motor Co. announced that a factory closure stemming from a battery-related fire would last until March 13, over a month after production was halted. The fire broke at the Dearborn,...
Articles Headlines
EDM

Stellantis secures EDM production in Indiana, invests $150 million

- March 1, 2023
Stellantis has announced $150 million in investments towards facilities in Indiana, with the goal of securing future electric drive module (EDM) production. Used in most electric vehicles, EDMs combine several important...
Articles Headlines
U.S. EV factory

Toyota ramping up electrification efforts, considers U.S. EV factory

- February 23, 2023
Upcoming Toyota CEO Koji Sato is reportedly considering refitting one of its U.S. facilities to manufacture EVs, as he prepares to accelerate the automaker's electrification strategy. Despite an industry-wide push to...
Articles Headlines
lightning factory

Ford Lightning factory shuts down for three weeks due to a battery related fire

- February 16, 2023
Ford's F-150 Lightning factory in Dearborn, Michigan has been shut down since last week due to a fire caused by a battery issue. The facility, which the automaker predicted would build...
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
lithium mine

GM invests in world’s third largest lithium mine to secure EV battery supplies

- February 2, 2023
Following in the footsteps of other automakers, General Motors has secured EV material production by dedicating $650 million in investments towards the largest lithium mine in the U.S. The funding will go...
Articles Headlines
Q4 of 2022

Lucid finished Q4 of 2022 strong, but still faces challenges

- January 16, 2023
Electric Vehicle newcomer Lucid announced it had beaten last year's production target thanks to a strong performance in Q4 of 2022. The automaker's revised manufacturing target was 7,000 units, a number...
Articles Headlines

Latest Articles

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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Baumann Auto Group acquires Firelands Chevrolet of Norwalk in Ohio

Ford doubles down on U.S. assembly as trade policies shift industry strategy
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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.
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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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Autonomous future back in focus as Waymo expands, Uber reinvests billions


CBT News
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