TSLA375.5901.87%
GM77.805-0.715%
F12.360-0.12%
RIVN16.550-0.3996%
CYD41.320-0.55%
HMC24.275-0.205%
TM192.720-3.36%
CVNA400.860-2.16%
PAG160.4900.49%
LAD274.885-1.50499%
AN202.760-0.21%
GPI338.490-1.29%
ABG201.590-0.42%
SAH71.060-0.16%
TSLA375.5901.87%
GM77.805-0.715%
F12.360-0.12%
RIVN16.550-0.3996%
CYD41.320-0.55%
HMC24.275-0.205%
TM192.720-3.36%
CVNA400.860-2.16%
PAG160.4900.49%
LAD274.885-1.50499%
AN202.760-0.21%
GPI338.490-1.29%
ABG201.590-0.42%
SAH71.060-0.16%
TSLA375.5901.87%
GM77.805-0.715%
F12.360-0.12%
RIVN16.550-0.3996%
CYD41.320-0.55%
HMC24.275-0.205%
TM192.720-3.36%
CVNA400.860-2.16%
PAG160.4900.49%
LAD274.885-1.50499%
AN202.760-0.21%
GPI338.490-1.29%
ABG201.590-0.42%
SAH71.060-0.16%


vroom

How car dealers can serve customers in a modern retailing environment – Ron Frey

- January 28, 2021
With the acceleration of digital retailing, car shoppers have drastically changed how they interact with the dealership. Industry expert Ron Frey, principal of RL Frey calls this transformation, the “modern...
Sales & Marketing Featured
cars

The challenge is on for franchised dealers as Vroom, Carvana stock ratings upgraded

- September 23, 2020
On Tuesday, Goldman Sachs upgraded online auto retailers Vroom Inc and Carvana Co from ‘Hold’ to ‘Buy’ status and raised the price targets for both companies. After a challenging past two quarters...
Daily Automotive News Auto News
stock

Auto ventures capitalize on stock market strength to push through acquisitions and IPOs

- September 18, 2020
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the...
Future of Automotive Shows
retail sales

CBT Automotive Newscast: August 17, 2020

- August 17, 2020
Today's Featured Interview: CBT News Market Update: Zo Rahim, Cox Automotive & Jonas Moskowitz, LotLinx On this week's episode of the CBT News Market Update, new car sales came out to a...
Daily Newscast Headlines
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

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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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