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Zacks News
Tesla Stock Tanks on Musk's Job Cuts Email, But is TSLA Still a Buy?
by Benjamin Rains
Tesla (TSLA) stock tanked 13% Friday after CEO Elon Musk announced that the company will cut 7% of its workforce in an effort to sell more affordable Model 3 electric sedans. Despite the massive one-day decline, Tesla's longer-term outlook appears solid.
Microsoft Azure Cloud & AI Capabilities to Aid LG ADAS Tech
by Zacks Equity Research
Microsoft (MSFT) and LG announce partnership at CES 2019. Azure cloud platform and AI potency of the tech giant will enable LG to ramp up its ADAS projects.
Buy Tesla (TSLA) Stock in 2019 on International Model 3 Expansion?
by Benjamin Rains
Let's see what investors should expect from TSLA stock in 2019 as it aims to expand in China and Europe.
The Zacks Analyst Blog Highlights: General Motors, Volkswagen, Ford Motor and Toyota Motor
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Volkswagen, Ford Motor and Toyota Motor
5 Stocks to Crush the Market in 2019 on Electric Car Boom
by Zacks Equity Research
Electric cars could be the key players in the global auto market pushed by automotive companies' ramped up investment.
Auto Stocks Gain on Reports of China Tariff Cuts: 5 Picks
by Swarup Gupta
With tariffs likely to go down in the near future, U.S. automakers will gain access to a market which holds the key to the industry's future.
Is AI Technology Taking Over the World?
by Nimah Quadri
It's no surprise that AI technology is slowly taking over all aspects of daily life, all around the world. According to The Guardian, almost 80 million jobs in the United States could be automated within the next decade.
Broadcom & Volkswagen to Reportedly Settle Patent Dispute
by Zacks Equity Research
Broadcom (AVGO) & Volkswagen have agreed to settle patent lawsuit outside court, as revealed by a source to Reuters. Broadcom had claimed 1 billion euros from Volkswagen for infringing on its 18 patents.
German ETFs in Focus as Economy Shows Signs of Cooling
by Zacks Equity Research
Germany???s output for the July-September quarter fell by 0.2% from the previous quarter, putting German ETFs in focus.
Volkswagen is Reportedly Working on a Cheap Tesla Competitor
by Madeleine Johnson
German automaker Volkswagen is working on an all-electric car that will cost only $23,000.
New Strong Sell Stocks for October 8th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Auto Stock Roundup: September Sales Lag, GM & Honda Recall, Ford Extends Alliance
by Zacks Equity Research
September auto sales mark a year-over-year decline due to rising interest rates and uncertainty in price induced by tariffs.
September US Auto Sales Lag on Weak Car Demand, Rising Rates
by Zacks Equity Research
With declining passenger car sales and unfavorable credit offering, U.S. auto sales plummet in September.
Microsoft Azure to Aid Volkswagen Craft Cloud Connected Cars
by Zacks Equity Research
Microsoft (MSFT) Azure cloud, Edge and IoT capabilities will assist Volkswagen to enhance its Automotive Cloud platform.
New Emission Standard Disrupts German Automakers' Sales
by Zacks Equity Research
New emission regulations, based on real driving data, take away advantages of tax incentives enjoyed by automakers, with low emissions in certain countries.
Ford (F) Plans to Extend Alliance With Volkswagen, Mahindra
by Zacks Equity Research
Ford (F) plans to deepen its alliance with Volkswagen and Mahindra to cut costs and restructure its business.
Evaluating Ford (F) Stock Near 10-Year Low
by Benjamin Rains
Ford (F) shares have slowly plummeted over the last five years as the American automotive giant and some of its peers face increased competition and shifting consumer habits. Now, Trump's tariffs are dragging down Ford's profits as its stock price inches near a 10-year low.
Emission Probe in Europe: German Automakers in Focus
by Gargi Dam Kanunjna
European Union initiates clean-car collusion probe on the top three German automakers. If confirmed, this may result in a big blow for automakers.
Auto Stock Roundup: German Automakers Under EU Radar, GM Recalls, Thor to Buy EHG
by Zacks Equity Research
European Union regulators opens in-depth probe to find out whether there is a possible collusion between top automakers to delay the development of emission technologies.
Volkswagen Intends to Build 10M Electric Cars in MEB Platform
by Zacks Equity Research
Volkswagen's (VLKAY) plan to manufacture 10 million e-cars is in sync with its targets of starting the global mass production of electric cars toward the end of 2022.
Automakers Battle China Woes: F, GM and Others in Focus
by Sanjoy De
Per China Association of Automobile Manufacturers auto sales in China declines 3.8% year over year to 2.1 million.
Auto Recall Blues Continue: Toyota, Ford & Others in Focus
by Sanjoy De
Frequent cases of recall surface due to problems pertaining to hatchback, risk of fire, brake-related troubles and of course faulty Takata airbag deflators.
Passenger Car Sales Hit Low: Will Others Follow Ford's Suit?
by Zacks Equity Research
Declining passenger car sales have been bothering automotive manufacturers over the past few months. On the contrary, SUVs enable the auto companies to drive sales.
Foreign Autos Stock Outlook: Near-Term Bumps on Growth Track
by Zacks Equity Research
Imported vehicles and the ones that are built by foreign manufacturers in the United States have a huge impact on the automotive industry.
Auto Stock Roundup: Toyota Gears Up for Mobility Services, Fiat Chrysler to Recall
by Zacks Equity Research
Toyota (TM) makes strong moves in self-driving technology. Volkswagen (VLKAY) to augment digital businesses and software.