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Zacks News
ChargePoint Gets $19M Funding to Install Fast Charging Ports
by Zacks Equity Research
CHPT receives more than $19 million from NEVI program funds to deploy 248 DC fast charging ports at 45 locations along California highways.
Here's Why You Should Retain Allison Stock in Your Portfolio Now
by Zacks Equity Research
ALSN is poised to benefit from rising global defense budgets and continued innovation in product development amid high R&D and labor costs.
General Motors to Add 17,800 Tesla Superchargers to Its Network
by Zacks Equity Research
GM's EV drivers are set to gain access to more than 17,800 Tesla Superchargers using a GM-approved NACS DC adapter.
Blink to Reduce Headcount by 14% to Improve Operational Efficiency
by Zacks Equity Research
BLNK is set to reduce its global workforce by 14% to enhance operational efficiency by optimizing company functions.
REE Announces Strategic Agreement With Motherson, Raises $45M
by Zacks Equity Research
REE enters into a strategic agreement with Motherson and secures deals with M&G Investments, Motherson and Varana Capital to raise $45.35 million.
Hyzon Commences Production of Class 8 200kW Fuel Cell Electric Truck
by Zacks Equity Research
HYZN begins the production of its advanced Class 8 200kW FCET that enables fleet operators to cut emissions without compromising power, range, or reliability.
General Motors Signs MoU With Hyundai to Optimize Cost & Efficiency
by Zacks Equity Research
GM & Hyundai sign MoU to explore future collaboration in several strategic areas to cut costs and improve efficiency.
Allison Partners With Cummins on Low-Emission Hybrid Transit Solution
by Zacks Equity Research
ALSN collaborates with Cummins to integrate and certify a Cummins B-Series engine with its eGen Flex electric hybrid propulsion system for the transit market.
Copart's Shares Plunge 10% in 6 Months: More Downside Ahead?
by Zacks Equity Research
CPRT's rising operating expenses, coupled with higher capital spending and downward EPS estimate revisions for fiscal 2025, cast doubt on its prospects.
Workhorse Receives Purchase Order for W56 Step Vans From FedEx
by Zacks Equity Research
WKHS gets a purchase order for 15 W56 step vans from FedEx, following a successful test where the W56 meets FedEx's operational requirements.
Lucid Introduces Latest Features With UX 2.4 Software Update
by Zacks Equity Research
LCID launches UX 2.4, its latest software update, to introduce updated map design, 3D lane visualization and Lucid Assistant.
Volvo Deepens Ties With NVIDIA, Revises Outlook for 2026 & Beyond
by Zacks Equity Research
VLVLY deepens its partnership with NVIDIA to implement more advanced driving systems and revises financial targets for 2026 and beyond.
Toyota Reduces 2026 EV Production Target by 30% Amid Weak Demand
by Zacks Equity Research
TM slashes its EV production target for 2026 by 30% to one million units due to slower-than-anticipated EV adoption.
NIO Q2 Earnings and Revenues Surpass Estimates, Increase Y/Y
by Zacks Equity Research
NIO reports better-than-expected second-quarter results and expects third-quarter 2024 vehicle deliveries in the range of 61,000-63,000 units.
ChargePoint to Trim Workforce to Drive Operational Efficiency
by Zacks Equity Research
CHPT plans to reduce its headcount by 15% to improve operational efficiency amid declining revenues.
Time to Buy the Pullback in These 3 Highly Ranked Dividend Stocks
by Shaun Pruitt
Among the Zacks Rank #1 (Strong Buy) list, quite a few stocks are starting to stand out in regard to their affordability and generous dividends.
Ford Recalls 90K Vehicles Over a Defect in Engine Intake Valve
by Zacks Equity Research
F recalls more than 90,000 vehicles due to engine intake valves that may break while the driver is driving.
General Motors Postpones $330M Investment in Thacker Pass Project
by Zacks Equity Research
GM agrees to delay an additional $330 million investment in Lithium Americas dedicated to the development of Thacker Pass.
Standard Motor Stock Down 20% YTD: What Should Investors Do?
by Lavina Shahu
SMP's balance sheet and acquisition strength, coupled with sustainable demand for automotive parts, make the stock worth retaining.
Li Auto Q2 Earnings Fall Y/Y Due to Higher Costs & Pricing Pressures
by Zacks Equity Research
LI reports a year-over-year decline in second-quarter earnings due to rising costs associated with ramping up production of the new Li L6 and price reductions.
General Motors & Samsung SDI to Invest $3.5B in US Battery Plant
by Zacks Equity Research
GM and Samsung SDI are set to invest $3.5 billion to construct an EV battery plant with an annual capacity of up to 36 gigawatt-hours in northern Indiana.
ChargePoint, Daimler Buses Tie Up for Telematics System Integration
by Zacks Equity Research
CHPT collaborates with Daimler Buses to integrate its telematics and charge management systems with Mercedes-Benz and Setra buses.
Toyota & BMW to Solidify Partnership to Expedite FCV Development
by Zacks Equity Research
TM and BMWYY are poised to expand their partnership on fuel cell vehicles to standardize components and reduce cost.
Here's Why Investors Should Avoid Magna (MGA) Stock Right Now
by Zacks Equity Research
Magna (MGA) faces headwinds from lower-than-expected vehicle production in Europe, program cancellations and discontinued production of Fisker Ocean.
Advance Auto (AAP) Q2 Earnings Miss Estimates, Guidance Trimmed
by Zacks Equity Research
Advance Auto (AAP) reports Q2 results and expects 2024 net sales in the band of $11.15-$11.25 billion, down from the prior estimate of $11.30-$11.40 billion.