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Zacks News
Zacks Industry Outlook Highlights: Daimler, BMW, Fiat and Renault
by Zacks Equity Research
Zacks Industry Outlook Highlights: Daimler, BMW, Fiat and Renault
4 Stocks to Capitalize on Promising Foreign Auto Industry
by Anup Sadhu
Auto sales growth in China and rising demand of EVs amid climate change concerns are fueling the Zacks Foreign Auto industry's prospects. Industry players including Daimler (DDAIF), BMW (BAMXF), Fiat Chrysler (FCAU) and Renault (RNLSY) seem lucrative bets.
Winnebago's (WGO) Q4 Earnings & Sales Beat Estimates, Up Y/Y
by Zacks Equity Research
Winnebago (WGO) reports stellar Q4 results on robust revenues from the towable and motorhome segments.
3D Printing Revolutionizing Auto Industry: 3 Stocks in Focus
by Rimmi Singhi
With electric and driverless cars being the future of mobility, carmakers are now on the cusp of revolutionary changes, which have been boosting the 3D printing technology in the auto industry.
Daimler Maps New Strategy: Trim Costs & Shift Focus on EVs
by Zacks Equity Research
Daimler's (DDAIF) new game plan aims to leverage Mercedes-Benz's strength by revamping its product portfolio and repositioning it as a luxury brand.
A Look at Volkswagen's Delivery Updates and Investment Plans
by Zacks Equity Research
Volkswagen's (VWAGY) overall orders and deliveries for September are likely to be higher year over year and the company expects the upward trend to continue for the remainder of 2020.
Look Past Tesla, Ride the EV Wave With These 3 Bargain Stocks
by Rimmi Singhi
The Tesla Battery Day Event fails to cheer investors and raises questions on the stock's lofty valuations. We have highlighted three relatively cheaper picks to tap the EV boom.
Fiat Chrysler Fined $9.5M Over Emission Compliance Audit
by Zacks Equity Research
Regulators have discovered that the internal audit of Fiat Chrysler's (FCAU) emission-control systems was performed in a limited scope and appropriate disclosures were not made.
BMW (BAMXF) Fined $18M for Misrepresenting Sales Figures
by Zacks Equity Research
BMW (BAMXF) falsely inflated its monthly sales figures through sales punching, which helped the German luxury automaker become a leading brand among its rivals.
California ICE Vehicle Ban Further Spurs Race to E-Mobility
by Rimmi Singhi
California's decision to pull the plug on gas-powered vehicles effective 2035 indeed intensifies EV competition.
Volkswagen's Traton, TuSimple Team Up for Autonomous Trucks
by Zacks Equity Research
Volkswagen (VWAGY) truck arm's deal with TuSimple brings together a global automaker and a level 4 self-driving technology company to develop robotic big rigs for complete driverless operations.
Will Volkswagen's Arm Sweeten its Offer to Buy Navistar?
by Zacks Equity Research
Volkswagen's (VWAGY) revised offer to acquire Navistar gets dismissed but talks regarding the same are still on.
General Motors Takes EV Game a Notch Higher: Factors to Note
by Rimmi Singhi
General Motors' (GM) big plans to capture the EV market are indeed intensifying competition for all major auto players and especially the EV behemoth, Tesla (TSLA).
Fiat (FCAU) Amends Terms of Merger With PSA, Slashes Dividend
by Zacks Equity Research
In the wake of the coronavirus pandemic, Fiat (FCAU) and PSA Group alter the terms of merger agreement, to enhance the liquidity of the merged entity Stellantis.
NIO Reports Record Figures for Vehicle Deliveries in August
by Zacks Equity Research
Rising deliveries, along with a stellar second-quarter performance and promising third-quarter guidance, reflect optimistic growth prospects for NIO.
Tata Motors Deleveraging Goal Sparks Hope: Is it Attainable?
by Zacks Equity Research
Tata Motors (TTM) intends to deleverage the business in three years and become free cash flow positive by fiscal 2022.
Auto Biggies Sidestep Trump, Seal Emissions Deal With CARB
by Rimmi Singhi
The voluntary pact among five major automakers and CARB is made enforceable. Per the deal, the firms are set to comply with tough emission rules, outstripping Trump's weaker curbs on tailpipe pollution.
New Strong Sell Stocks for July 10th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
China Auto Sales Recovery on Shaky Ground: What Lies Ahead?
by Rimmi Singhi
CPCA expects NEV sales in China for second-half 2020 to be significantly higher than the corresponding period of 2019.
Here's How Daimler (DDAIF) is Battling Coronavirus Crisis
by Zacks Equity Research
Daimler (DDAIF) enforces a number of measures, including substantial staffing-level adjustments with its executives facing bigger reductions than rank-and-file workers amid the coronavirus crisis.
Daimler (DDAIF) to Sell Facility in France, Slash Workforce
by Zacks Equity Research
Daimler (DDAIF) plans to slash workforce by more than 10,000 to reduce personnel spending by 1.4 billion euros ($1.6 billion) by 2022.
Motor Show Schedules Turn Topsy-Turvy, Launches Go Digital
by Rimmi Singhi
Amid the coronavirus mayhem, which has caused motor show schedules go haywire, automakers are now aggressively switching from in-person reveals to online events.
Daimler's Mercedes to Recall More Than 660K Vehicles in China
by Zacks Equity Research
Daimler (DDAIF) will begin the recall on Dec 18, which will include several models made between February 2013 and June 2017.
U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?
by Rimmi Singhi
Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.
2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?
by Rimmi Singhi
While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.