TSLA379.1365.4163%
GM77.400-1.12%
F12.380-0.1%
RIVN16.730-0.22%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.910-3.17%
CVNA399.000-4.02%
PAG158.980-1.02%
LAD274.640-1.75%
AN202.390-0.58%
GPI336.020-3.76%
ABG201.065-1.005%
SAH70.480-0.74%
TSLA379.1365.4163%
GM77.400-1.12%
F12.380-0.1%
RIVN16.730-0.22%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.910-3.17%
CVNA399.000-4.02%
PAG158.980-1.02%
LAD274.640-1.75%
AN202.390-0.58%
GPI336.020-3.76%
ABG201.065-1.005%
SAH70.480-0.74%
TSLA379.1365.4163%
GM77.400-1.12%
F12.380-0.1%
RIVN16.730-0.22%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.910-3.17%
CVNA399.000-4.02%
PAG158.980-1.02%
LAD274.640-1.75%
AN202.390-0.58%
GPI336.020-3.76%
ABG201.065-1.005%
SAH70.480-0.74%


Peter Welch

NADA

NADA seeks to lead by example by setting new diversity and equity policies

- November 5, 2020
In a recent interview with Automotive News, Peter Welch, CEO of NADA, discussed the new diversity and equity strategies he and NADA staff are taking to promote inclusion in the...
Daily Automotive News Auto News

NADA chooses Mike Stanton, an NADA insider, to replace retiring CEO Peter Welch

- October 20, 2020
The National Automobile Association is promoting from within, as it names COO Mike Stanton as the organization’s next President and CEO. Stanton is set to succeed Peter Welch, who has...
Daily Automotive News Auto News

Peter Welch on Black Representation Among Dealer Body, ‘Absolutely Room For Improvement’

- August 3, 2020
Homer B. Roberts was the first African-American new car dealer beginning in 1923 according to research conducted by historyofaacardealers.com. Roberts opened the gate for future pioneers such as Dan Gaines,...
Daily Automotive News Auto News
auto industry

CBT Automotive Newscast: July 31, 2020

- July 31, 2020
Today's Featured Interview: NADA's Peter Welch Addresses the Lack of Black Representation in Auto Retail Since the killing of George Floyd in Minneapolis on May 25th, injustices against the black community have...
Daily Newscast Headlines

NADA’s Peter Welch Addresses the Lack of Black Representation in Auto Retail

- July 31, 2020
Since the killing of George Floyd in Minneapolis on May 25th, injustices against the black community have been brought back into the spotlight. The Black Lives Matter movement has spearheaded...
Daily Automotive News Power Lunch
Peter Welch

Peter Welch Retiring as NADA President and CEO at End of 2020

- May 19, 2020
One of the American auto dealer’s greatest allies has announced his intention to retire at the end of 2020. Peter Welch is currently the president and CEO of the National...
Daily Automotive News Auto News
peter welch

Best of 2019: NADA President Peter Welch Discusses Autonomous Vehicles, Ride-Sharing, Tariffs & More

- December 25, 2019
On today's show, we're so pleased to welcome back Peter Welch, President and CEO of NADA, to the CBT Network. In this segment, Jim and Peter discuss his latest article...
Daily Automotive News Auto News
Peter Welch

CBT Automotive Newscast for December 25, 2019

- December 25, 2019
Merry Christmas! Today on CBTNews.com - Wednesday, December 25th, 2019: Best of 2019: NADA President Peter Welch Discusses Autonomous Vehicles, Ride-Sharing, Tariffs & More On today's show, we're so pleased to welcome back...
Daily Newscast
Clift Buick GMC

CBT News Week in Review: November 29, 2019

- November 29, 2019
CBT News Week In Review for Friday, November 29th, 2019: How to Identify and Close Gaps in Your Reconditioning Process - Dennis McGinn and Scott Gruwell On today's show, Dennis McGinn, Founder...
Daily Newscast
Peter Welch

CBT Automotive Newscast for November 26, 2019

- November 26, 2019
Today on CBTNews.com - Tuesday, November 26th, 2019: NADA President Peter Welch Discusses Autonomous Vehicles, Ride-Sharing, Tariffs & More On today's show, we're so pleased to welcome back Peter Welch, President and...
Daily Newscast

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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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CBT News
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