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%


media release

Cox Automotive names Lori Wittman as new President of Retail Solutions and Amy Mills as Executive Vice President and Chief Strategy Officer

- March 4, 2022
ATLANTA, G.A., March 4, 2022 – Cox Automotive today named Lori Wittman as the new president of the company’s Retail Solutions group and Amy Mills as Executive Vice President and...
Daily Automotive News Auto News
Carvana, car

KAR Global sells ADESA auction business to Carvana in $2.2B deal

- February 25, 2022
On Thursday, KAR Global agreed to terms of a deal that sees all ADESA auction operations and businesses in the US transfer to Carvana. The deal is worth $2.2 billion...
Headlines Articles
EV

As more Americans choose EVs, price and range continue to hold back the market, according to new Cox Automotive study

- November 16, 2021
ATLANTA, Nov. 16, 2021 – Sales of battery-powered electric vehicles (EVs) in the United States are on track to set an all-time record in 2021, with sales up more than 88%...
Auto News Headlines
Volkswagen

Sonic Automotive continues expansion of its franchised dealership network with the acquisition of Cook Volkswagen

- November 9, 2021
CHARLOTTE, N.C. – November 9, 2021 – Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the acquisition of...
Auto News Headlines
CARS

CARS acquires CreditIQ Automotive Fintech Platform, enabling instant financing for consumers, dealers and lenders

- November 4, 2021
Transaction Highlights: Advances CARS’ growth strategy and expands TAM into the multi-billion dollar Auto Finance segment, which is rapidly growing as online car buying transactions accelerate Builds additional revenue streams...
Auto News Headlines

Asbury Automotive Group to acquire Larry H. Miller Dealerships in $3.2B deal

- September 29, 2021
DULUTH, G.A., Sept. 29, 2021— Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of...
Daily Automotive News Auto News
Rising Star Award

Eddie Hall III Receives Cox Automotive and NAMAD Rising Star Award

- July 12, 2019
ATLANTA, July 12, 2019 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to Eddie Hall III, general manager at...
Auto News Articles
lyft

Lyft to be Integrated Into Cox Automotive’s Xtime Fixed-Ops Software Platform

- March 5, 2019
Cox Automotive, Lyft to Bring New Ride-Hailing Option to Thousands of Dealership ATLANTA, March 5, 2019 – Today, Cox Automotive announced plans to integrate Lyft’s ride-sharing service with Cox Automotive’s Xtime, the...
Auto News Articles

Xtime Unveils New Service Management Features to Maximize Customer Retention and Dealer Profits at NADA 2019

- January 22, 2019
Industry leader, Xtime, announces new capabilities for Spectrum platform, releases new book, “Fast Break,” by Jim Roche REDWOOD CITY, Calif. (January 22, 2019) –The auto industry is evolving at a faster...
Articles Headlines

Digital Air Strike’s Acquisitions Deliver New Targeted Advertising & Digital Retailing Solutions. Get an Unfair Online Advantage at NADA Booth 128-S

- January 18, 2019
Digital Air Strike Acquires Two Companies, Expanding Ad Tech and Digital Retailing Solutions for the Automotive Industry Third Acquisition in Ten Months Adds Targeted Advertising and Advanced Credit Analytics to...
Auto News Articles

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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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Hyundai's profit drops 24% as tariffs, weak global demand persist 
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Autonomous
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CBT News
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