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Zacks News
Factors Shaping the Fate of Cummins (CMI) This Earnings Season
by Zacks Equity Research
Projected declines in revenues from all major segments as well as rising capex and R&D expenses are likely to have hurt Cummins' (CMI) performance during the third quarter.
New Strong Sell Stocks for October 1st
by Zacks Equity Research
KEX, BBL, ELUXY, TTDKY, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on October 1, 2021.
New Strong Sell Stocks for June 16th
by Zacks Equity Research
KINS, HLIT, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on June 16, 2021
Goodyear (GT) Issues Q1 Preliminary Results, Scraps Dividend
by Zacks Equity Research
Goodyear's (GT) revenues during Q1 total $3 billion, down from the prior-year period's $3.6 billion.
Renault to Exit Dongfeng JV, Shift Focus to All-EV in China
by Zacks Equity Research
Renault (RNLSY) is set to transfer its shares in Dongfeng JV to Dongfeng Motor, and instead concentrate on light commercial and electric vehicles in China.
Fiat (FCAU) Recalls Trucks & SUVs Over Windshield Wiper Issue
by Zacks Equity Research
Fiat (FCAU) recalls 550,000 vehicles in the United States and Canada to fix windshield wiper issue.
Westport (WPRT) a Must Add to Your Portfolio: Here's Why
by Zacks Equity Research
Westport (WPRT) continues to benefit from stricter emission regulations and is cashing in on this environment with a portfolio of offerings.
NIO Beats on Q3 Earnings, Expects Record Deliveries in Q4
by Zacks Equity Research
NIO anticipates vehicle deliveries to be more than 8,000 units for the fourth quarter of 2019, suggesting rise of more than 66.7% from that reported in the third quarter of 2019.
The Rubicon Project, Boeing, Tesla, Weichai Power and SPX highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
The Rubicon Project, Boeing, Tesla, Weichai Power and SPX highlighted as Zacks Bull and Bear of the Day
Volkswagen Increases Production Target for Electric Cars
by Zacks Equity Research
Volkswagen (VWAGY) plans to invest Euro 33 billion in e-mobility throughout the group by 2024, which includes Euro 11 billion in the Volkswagen brand.
Tesla to Start Delivery of Model 3 Built at China Gigafactory
by Zacks Equity Research
The construction of Gigafactory3 in Shanghai is part of Tesla's (TSLA) plan to strengthen presence in China and lower the impacts of the US-China trade war.
Advance Auto Parts (AAP) Purchases DieHard Brand for $200M
by Zacks Equity Research
Advance Auto Parts (AAP) expects the DieHard acquisition to drive growth in DIY customer traffic and significant long-term shareholder value.
3 Auto Stocks That More Than Doubled the S&P 500 in 2019
by Rimmi Singhi
With just a few days left before we ring in the New Year, it seems to be the right time to reflect on how the auto sector has fared so far in 2019 and the way it's poised for 2020.
Ford (F) Revs Up EV Investment, Bumps Up Stake in Rivian
by Zacks Equity Research
Ford (F) intends to launch 30 vehicle models in China by 2025, of which one third will be electric vehicles (EVs).
Tesla Secures 5-Year Worth $1.4B Loan for Shanghai Factory
by Zacks Equity Research
Tesla (TSLA) will use 3.5-billion-yuan of the new loan to roll over an existing debt, while the rest will be invested to expand its Shanghai factory and other China operations.
Winnebago (WGO) Earnings and Revenues Beat Estimates in Q1
by Zacks Equity Research
Winnebago (WGO) puts up stellar show in Q1, aided by higher-than-expected revenues from its Motorhome and Towable segments.
Ford Recalls More Than 600,000 Vehicles Over Hydraulic Defect
by Zacks Equity Research
Ford (F) recalls 600,166 vehicles, including certain versions of the 2006-10 Ford Fusion, Mercury Milan and Lincoln MKZ.
CarMax's (KMX) Q3 Earnings Miss, Revenues Top Estimates
by Zacks Equity Research
CarMax (KMX) posts weaker-than-expected earnings in the third quarter amid lower-than-anticipated revenues from the wholesale vehicle segment.
Fiat Chrysler (FCAU) & PSA Groupe Sign 50-50 Merger Agreement
by Zacks Equity Research
Fiat Chrysler (FCAU) and PSA Groupe partnership to create the world's fourth largest automotive OEM by volume and the third largest by revenues.
Ford to Add 3,000 Jobs With $1.45B Investment in Detroit Area
by Zacks Equity Research
Ford (F) likely to invest $750 million in its Wayne facility to make Bronco and Ranger vehicles, and $700 million in the Dearborn plant to make electric and hybrid versions of the F-150 truck.
Navistar's (NAV) Q4 Earnings Surpass Estimates, Down Y/Y
by Zacks Equity Research
Navistar (NAV) projects fiscal 2020 revenues at $9.25-$9.75 billion, down from the prior estimate of $11.25-$11.75 billion.
Ford Recalls More Than 500,000 Vehicles Over Post-Crash Risk
by Zacks Equity Research
Ford (F) recalls 490,574 vehicles in the United States and federal territories, 56,112 in Canada, and 852 in Mexico due to post-crash interior fire risk.
Sonic Automotive (SAH) Unveils 9th EchoPark in California
by Zacks Equity Research
Sonic Automotive (SAH) projects continued execution of EchoPark development strategies, omni-channel sales and other online initiatives in the upcoming period.
General Motors to Retain 4,000 Jobs With $1.5B Investment
by Zacks Equity Research
General Motors (GM) to produce next-gen Chevrolet Colorado and GMC Canyon mid-size pickups with an investment of $1.5 billion.
Magna (MGA) Develops Transmission for Ferrari SF90 Stradale
by Zacks Equity Research
Magna (MGA) joins forces with Ferarri, to develop and supply a dual-clutch 8-speed transmission (DCT) for the Ferrari SF90 Stradale, which is expected to help cut CO2 emissions.