Stellantis dealer: EVs can"t be rushed
"You've got to take it as it comes and produce a quality electric car," New Jersey retailer Eric Nielsen said after the Stellantis make meeting......»»
Column: What"s behind the feud between Stellantis and Italy
The furor seems to have calmed for now. But it is a reminder that automakers poke at government policy at their own peril – and vice versa......»»
Ford promises more dealer engagement, then skips Q&A
Ford executives promised to communicate better with dealers but frustrated some NADA Show attendees by not taking any questions during the brand's make meeting......»»
Penske Automotive Q4 net income slides 36% to $192 million on rising interest costs
The dealer group said it faced a $21 million increase in interest costs driven by higher interest rates and inventory levels that together increased vehicle floorplan borrowing costs......»»
France backs Renault"s current plan amid Stellantis merger talk, report says
Paris supports Renault's efforts to build its business as a stand-alone company through new tech partnerships, a government source said, amid reports of a possible merger with Stellantis......»»
Stellantis denies speculation of merger plan with Renault
France is considering a merger between the two automakers to strengthen its grip on the sector and counter Chinese and German competition, an Italian daily newspaper reported......»»
Mazda boosts U.S. sales goal for 2024
Mazda told a dealer make meeting at the 2024 NADA Show it had increased its 2024 U.S. car sales goal to 450,000 vehicles......»»
New Stellantis N.A. chief seeks more dealer dialogue
Carlos Zarlenga, Stellantis' new top North American executive, said conversations with dealers can help the automaker grow......»»
Ford promises EV adjustments, more dealer engagement
Ford CEO Jim Farley said he will travel the country visiting with as many dealers as possible, according to people at the meeting......»»
Stellantis CEO sees the rise of Chinese automakers fueling M&A
Carlos Tavares views the rise of Chinese automakers and the EU’s efforts to phase out combustion engines as factors fueling greater potential for consolidation among automakers......»»
The EV transition will require dealer support, experts say
The transition to electric vehicles, Tesla's alternative sales model, the expansion of charging infrastructure and more are pushing the automotive retail industry to evolve......»»
Dealers prep for what could be a ‘banner year" for buy-sells
Executives from three of the largest auto retailers in the country shared their outlooks on the dealership buy-sell market at AutoTeam America's Dealer/CEO/CFO Forum......»»
Dealers say Biden"s EV strategy is too aggressive for U.S. market
Nearly 83 percent of dealers say the federal government is pushing the industry to move too fast on EVs, according to responses to the Automotive News 2024 Dealer Outlook Survey of 208 dealers and dealership managers......»»
Stellantis CEO Tavares is ready to seize on Renault"s EV setbacks
Stellantis CEO Carlos Tavares has questioned Renault’s strategy and whether it will have the scale to compete with his company and EV leaders Tesla and BYD, Bloomberg reported......»»
After signing Mills group as 1st U.S. dealer, Fisker heads to NADA Show to recruit more
In Fisker's pivot to franchised dealers from direct sales, the EV startup is pursuing dealers, first at an open house and then at the NADA Show......»»
Fisker, VinFast head to NADA looking for dealer partners
The two newcomers are the first full-EV brands to pivot from the direct-sales model pioneered by Tesla to franchised dealers. VinFast has a few dealerships and Fisker expects its first in February......»»
Air mobility meets autos: Stellantis, Toyota, Hyundai bring manufacturing muscle to new market
Air mobility startups envision deploying thousands of eVTOL aircraft. That's where the automotive industry's mass manufacturing capabilities enter the picture. Here's a look at the key automotive-aviation tie-ups, how they've grown and where they sta.....»»
Maserati pushes back launches of electric Levante, Quattroporte
The successor to the Levante will appear in 2027, while the next Quattroporte will debut in 2028. The delay leaves big holes in the Stellantis luxury brand's lineup......»»
Car thieves target dealer lots as retailers beef up security
The increase in technology that's readily available to criminals, providing them alternative ways to steal cars, is a driving factor behind the uptick in vehicle theft at dealership lots, experts say......»»
Fisker to recruit retailers at NADA as first Ocean EVs head to dealerships Feb. 5
CEO Henrik Fisker says more than 65 U.S. dealers are talking with the EV maker. The first group to sign has ordered thousands of the Ocean crossovers, which will hit dealer lots in early February......»»
Stellantis buys CloudMade"s AI tech to support vehicle software development
Stellantis has acquired the artificial intelligence framework and other assets of tech company CloudMade to support the development of its STLA SmartCockpit platform......»»