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Zacks News
BYD (BYDDY) Produces 500,000 Yuan Plus EVs, Adds Color Options
by Zacks Equity Research
BYD (BYDDY) reaches a milestone by producing 500,000 Yuan Plus EVs. It adds Oxygen Blue and Dynamic Purple color options.
Wall Street Analysts Think Byd Co., Ltd. (BYDDY) Is a Good Investment: Is It?
by Zacks Equity Research
The average brokerage recommendation (ABR) for Byd Co., Ltd. (BYDDY) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Byd Co., Ltd. (BYDDY) Is Considered a Good Investment by Brokers: Is That True?
by Zacks Equity Research
According to the average brokerage recommendation (ABR), one should invest in Byd Co., Ltd. (BYDDY). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Tesla (TSLA) Undercuts Prices of Two Model Y EVs in China
by Zacks Equity Research
Tesla (TSLA) resumes price war in China to compete with local EV makers. It slashes price of the Long Range model by 4.5% to 299,900 yuan and the Performance model by 3.8% to 349,900 yuan.
What Makes Group 1 Automotive (GPI) an Attractive Pick?
by Zacks Equity Research
Group 1 Automotive's (GPI) diversified portfolio, strong backlog, omnichannel efforts and acquisition of dealerships and franchises are set to fuel sales growth.
Latch (LTCH) Slashes Jobs to Cut Costs & Improve Efficiency
by Zacks Equity Research
Latch (LTCH) plans to reduce its headcount in the United States and Taiwan to enhance operational discipline and efficiency within the organization.
Hyzon (HYZN) Successfully Completes Testing 9 200kW FCS
by Zacks Equity Research
Hyzon (HYZN) remains on track to announce Start of Production and commercialization of its innovative Fuel Cell System in 2024.
Ford (F) Registers 11.2% Growth in US Vehicle Sales in Q2
by Zacks Equity Research
Ford's (F) total truck sales increase by 26.2% in the second quarter. The F-150 Lightning and Mach-E achieve higher sales due to stronger inventory.
Stellantis (STLA) Mirafiori Site Joins grEEn-campus Program
by Zacks Equity Research
Stellantis' (STLA) Mirafiori Site in Italy is set to become the next 'grEEn-campus' location. The transformation is part of the company's Dare Forward Strategy to reach carbon net zero by 2038.
Tesla (TSLA) Logs 466,140 Deliveries for the Second Quarter
by Zacks Equity Research
Tesla's (TSLA) second-quarter deliveries rise to 466,140 compared with 422,875 in the previous quarter, following several rounds of price cuts.
Are Auto-Tires-Trucks Stocks Lagging Byd Co. (BYDDY) This Year?
by Zacks Equity Research
Here is how Byd Co., Ltd. (BYDDY) and Mercedes-Benz Group AG (MBGAF) have performed compared to their sector so far this year.
Ford (F) Recalls 175,000 Vehicles to Address Safety Issue
by Zacks Equity Research
Ford (F) calls back more than 175,000 Bronco models due to a defect in the seatbelt latch. Also, it changes its previous decision to remove AM radio from its new vehicle.
Here's Why You Should Retain Westport (WPRT) Stock for Now
by Zacks Equity Research
Westport's (WPRT) HPDI fuel system technology, along with established distribution channels, is set to boost prospects. However, growing expenses are likely to dent margins.
Cummins (CMI) Signs Deal to Buy Faurecia's Manufacturing Plants
by Zacks Equity Research
Cummins (CMI) to acquire Faurecia's commercial vehicle manufacturing facilities and related activities in Roermond and Columbus for EUR142 million.
AutoZone (AZO) Q3 Earnings Surpass Estimates, Revenues Miss
by Zacks Equity Research
AutoZone's (AZO) third-quarter fiscal 2023 earnings beat estimates. However, sales miss the mark.
AutoLiv (ALV) & Nio Unite to Develop Safety Products for EVs
by Zacks Equity Research
AutoLiv's (ALV) subsidiary and Nio collaborate to develop safety technologies for electric vehicles, with a primary focus on providing sustainable solutions.
Here's Why You Should Retain American Axle (AXL) Stock Now
by Zacks Equity Research
American Axle (AXL) rides high on the benefits of its latest innovative driveline solution and new collaborations. High costs of raw materials, labor and utilities might dim near-term prospects.
Tesla (TSLA) Addresses Crucial Topics in Shareholder Meeting
by Zacks Equity Research
Tesla (TSLA) prepares to deliver Cybertruck this year. It also expects Model Y to be the top-selling car worldwide this year.
Copart's (CPRT) Q3 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Copart's (CPRT) third-quarter service revenues, accounting for 82.9% of total sales, came in at $847.2 million, outpacing the consensus mark of $814 million.
Here's Why You Should Retain Toyota Motor (TM) Stock for Now
by Zacks Equity Research
Toyota Motor's (TM) electrification push and continued demand for vehicles are set to fuel sales volume. Shortage of microchip and high commodity prices are headwinds.
Here's Why You Should Retain Honda Motor (HMC) Stock for Now
by Zacks Equity Research
Honda Motor's (HMC) attractive products and frequent collaborations are poised to bolster its revenues. High R&D expenses and commodity and labor costs are major headwinds.
Here's Why You Should Retain Standard Motor (SMP) Stock Now
by Zacks Equity Research
Standard Motor's (SMP) readiness to meet the growing demand for high-quality replacement parts is poised to bolster revenues. However, high-interest rates and commodity prices are major headwinds.
Goodyear (GT) Q1 Earnings Miss Estimates, Sales Rise Y/Y
by Zacks Equity Research
Goodyear (GT) misses first-quarter 2023 earnings on lower-than-anticipated sales in the Americas and Asia Pacific segments.
Zacks Industry Outlook Highlights BYD, Volkswagen, BMW and Stellantis
by Zacks Equity Research
BYD, Volkswagen, BMW and Stellantis are part of the Zacks Industry Outlook article.
Magna (MGA) Q1 Earnings & Revenues Beat, Guidance Raised
by Zacks Equity Research
Magna (MGA) beats Q1 earnings estimates on better-than-expected EBIT in the Body Exteriors & Structures, Seating Systems and Complete Vehicles segments.