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Zacks News
Will Tesla's (TSLA) Share Price Rebound In 2017?
by Zacks Equity Research
Overall, with several positive developments lined up, Tesla's (TSLA) stock is likely to perform well in 2017.
Autoliv's Faulty Seat Belts and Air Bags May Lead to Recall
by Zacks Equity Research
Autoliv, Inc. (ALV) is under pressure as automakers may globally recall 400,000 vehicles which feature the company's seat belt or air bag parts.
General Motors Fined in China on Anti-Competitive Grounds
by Zacks Equity Research
General Motors Company's (GM) main joint venture in China, Shanghai GM, is being charged with a fine of 201 million yuan or $29 million for monopolistic pricing behavior.
Winnebago (WGO) Q1 Earnings Beat Estimates, Improve Y/Y
by Zacks Equity Research
Winnebago Industries, Inc. (WGO) recorded adjusted earnings of 60 cents per share in the first quarter (ended Nov 26, 2016) of fiscal 2017, 71.4% higher than 35 cents earned in the prior-year quarter.
Tesla (TSLA) Increases Deutsche Bank Credit Lines by $500M
by Zacks Equity Research
Tesla Motors, Inc. (TSLA) has increased two credit lines with Deutsche Bank by a total of $500 million.
Navistar (NAV) Posts Loss in Q4 Earnings Season
by Zacks Equity Research
Navistar International Corporation (NAV) reported fourth-quarter fiscal 2016 (ended Oct 31, 2016) loss from continuing operations of 28 cents per share, as against an adjusted net profit of 36 cents recorded in the year-ago quarter.
Honda-Waymo in Talks over Self-Driving Auto Technology
by Zacks Equity Research
Honda Motor Co., Ltd.'s (HMC) R&D arm Honda R&D Co., Ltd. has entered discussions to collaborate with Waymo - an independent company of Alphabet Inc. (GOOG) - for the self-driving automobile technology.
Ford Halts Production in Venezuela till April on Weak Demand
by Zacks Equity Research
Ford Motor Company (F) halted production in Venezuela last week and said that it will not start production before April next year.
CarMax (KMX) Beats Q3 Earnings, Misses Revenue Estimates
by Zacks Equity Research
CarMax Inc. (KMX) posted earnings per share of 72 cents in the third quarter of fiscal 2017 (ended Nov 30, 2016), highlighting an increase of 14.3% from 63 cents earned a year ago.
Copart Announces Expansion in Abilene, TX Location
by Zacks Equity Research
Copart, Inc. (CPRT) recently announced the expansion of its location in Abilene, TX.
Toyota (TM) Projects Global Sales Increase of 1% for 2017
by Zacks Equity Research
Toyota Motor Corporation (TM) expects global sales to increase by 1% to 10.202 million vehicles in 2017
General Motors (GM) to Invest $552 Million in U.S. Plants
by Zacks Equity Research
General Motors Company (GM) has announced plans to invest around $552 million in the U.S.
Toyota's Kentucky Facility Closure to Affect 650 Workers
by Zacks Equity Research
Toyota Motor Corporation (TM) announced that by the end of 2017 it will be closing its operations in the Erlanger, KY facility.
Ford's Europe Sales Rise in November but Lag Industry Growth
by Zacks Equity Research
Ford (F) reported a 3.6% rise in sales in its Euro 20 market in Nov 2016. The automaker underperformed the industry, which posted a sales growth of 6.2%.
General Motors (GM) Appeals against Lower Court Ruling
by Zacks Equity Research
General Motors Company (GM) filed a petition in Supreme Court against a lower court verdict which deems the company responsible for casualties caused by faulty ignition switches.
General Motors to Recall Nearly 50K Chevrolet Tahoe SUVs
by Zacks Equity Research
General Motors Company (GM) announced that it plans to recall 49,927 sport utility vehicles due to a faulty cooling system.
Tata Motors (TTM) November Wholesales Up 1%; Stock Gains
by Zacks Equity Research
Tata Motors' (TTM) shares gained 3.1% after the automaker reported that its global wholesales, inclusive of Jaguar Land Rover, increased 1% year over year in Nov 2016.
WABCO Approves New $600M Share Buyback Program
by Zacks Equity Research
WABCO Holdings Inc. (WBC) announced a new two-year share repurchase program under which, the company will repurchase shares worth up to $600 million from Jan 1, 2017 through Dec 31, 2018.
Ford's China Sales Set Record in November on Solid Demand
by Zacks Equity Research
Ford's (F) shares gained 4% on Dec 7, after the company and its joint ventures reported that China sales improved 17% to a November record of 124,113 units.
General Motors' (GM) November Sales Jump 7% Y/Y in China
by Zacks Equity Research
General Motors Company (GM) and its joint ventures in China reported a 7% year-over-year increase in sales for Nov 2016, taking the figure to 371,740 vehicles.
Honda (HMC) JV to Construct Third Auto Plant in China
by Zacks Equity Research
Honda Motor Co., Ltd.'s (HMC) joint venture in China, Dongfeng Honda Automobile Co. Ltd. announced that it plans to construct a third automobile production plant in the nation to meet rising demand.
PACCAR (PCAR) Hike Dividend, Boosts Shareholders' Value
by Zacks Equity Research
PACCAR Inc. (PCAR) announced an extra cash dividend of 60 cents per share.
Johnson Controls Reveals Impressive FY17 & FY20 Outlook
by Zacks Equity Research
Johnson Controls has made strong projections for fiscal 2017.
Tesla to Recall Charging Adapters on Overheating Issues
by Zacks Equity Research
Tesla Motors, Inc. (TSLA) has decided to recall three types of charging adaptors after it received reports of overheating issues.
AutoZone (AZO) Meets Q1 Earnings Estimates; Revenues Lag
by Zacks Equity Research
AutoZone, Inc. (AZO) reported a 13% year-over-year surge in earnings per share to $9.36 for the first quarter (ended Nov 19, 2016) of fiscal 2017 from $8.29 recorded in the year-ago quarter.