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The Zacks Analyst Blog Highlights: Ford Motor, BMW AG, Daimler AG, Volkswagen AG and Tesla Motors

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For Immediate Release

Chicago, IL – December 01, 2016 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Ford Motor Company (NYSE:(F - Free Report) – Free Report), BMW AG (OTCMKTS:(BAMXF - Free Report) –Free Report),Daimler AG (OTCMKTS:(DDAIF - Free Report) –Free Report),Volkswagen AG (OTCMKTS:(VLKAY - Free Report) –Free Report) and Tesla Motors, Inc. (NASDAQ:(TSLA - Free Report) – Free Report).

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Here are highlights from Wednesday’s Analyst Blog:

Ford and Other Automakers to Form European Charging Network

Ford Motor Company (NYSE:(F - Free Report) – Free Report) announced that it is teaming up with BMW AG (OTCMKTS:(BAMXF - Free Report) – Free Report) , Daimler AG (OTCMKTS:(DDAIF - Free Report) – Free Report) and Volkswagen AG (OTCMKTS:(VLKAY - Free Report) – Free Report) (including Audi and Porsche) to set up an electric charging network in Europe based on Combined Charging System standard technology. The companies have signed a memorandum of understanding with the aim of creating a joint venture to build a large number of high-powered charging stations. This will promote the use of electric vehicles for long distance travel.

Per this target, most of the charging stations will be situated along highways and major thoroughfares. The chargers will have power levels up to 350 kilowatt to enable fast charging.

Construction of the charging stations will commence in 2017 with an initial goal of 400 locations. Within 2020, the companies aim to build a network of thousands of charging points. While Ford, BMW, Daimler and Volkswagen will have equal share in the joint venture as founding partners, they are open to the participation of other automakers.

Vehicles of all brands that are equipped with Combined Charging System will be able to use the charging network. This move is aimed at facilitating the adoption of electric vehicles in Europe.

Notably, the charging network will help these automakers to complete with Tesla Motors, Inc. (NASDAQ:(TSLA - Free Report) – Free Report) in the electric vehicle segment. Tesla is a leader in the EV market due to its attractive, technologically advanced products as well as a strong Supercharger network in North America, Europe and Asia. The electric vehicle manufacturer presently has 744 Supercharger stations with 4,703 Superchargers globally. These Superchargers deliver up to 120 kW of power.

All five automakers have delivered a negative performance over the last year due to the general weakness in the Zacks-categorized Auto-Tires-Truck industry.

The industry posted a 5.8% fall in price over the last one-year period, compared to a 4.2% gain recorded by the S&P 500 market.

Zacks Rank

BMW currently holds a Zacks Rank #2 (Buy), while Ford, Daimler and Volkswagen carry a Zacks Rank #3 (Hold).

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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