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Zacks News
BMW, Daimler Suspend Next-Gen Automated Driving Partnership
by Zacks Equity Research
BMW (BAMXF) and Daimler (DDAIF) agree to concentrate on their existing development paths, which will likely include working with new or current partners.
Volkswagen to Up Stake in QuantumScape, Fully Acquire Audi
by Zacks Equity Research
Volkswagen (VWAGY) is set to pump $200 million in QuantumScape to boost the development of solid-state battery technology and agrees to pay $267 million for gaining 100% ownership of the Audi brand.
EV Charging Space on a Roll: Plug in With Confidence
by Rimmi Singhi
The rapid rollout of hundreds of millions of public EV chargers across the world is likely to accelerate EV adoption by making the ownership experience more convenient.
Are Green Shoots of Recovery Emerging in China Auto Sales?
by Rimmi Singhi
Moody's expects auto sales in China to fall 10% year over year in 2020 but increase 2.5% in 2021.
Europe's Sluggish Auto Market Faces Long Road to Recovery
by Rimmi Singhi
LMC Automotive expects Europe auto sales to sink 26% to 10.58 million units in 2020. Last year's volumes are unlikely to be surpassed until 2023.
Germany Ramps Up EV Incentives: What it Means for Carmakers
by Rimmi Singhi
With the latest COVID-19 recovery package, Merkel unveils sweeping incentives for electric cars in Germany.
Will the $8.8B Bailout Bring France Auto Sector Back on Track?
by Rimmi Singhi
President Macron wants France to become the leading producer of clean cars in Europe, and targets to produce more than 1 million electric and hybrid cars per year over the next five years.
Fiat to Secure $6.9B Loan From Intensa, Reopens Mexico Plants
by Zacks Equity Research
Fiat's (FCAU) Italian unit has been working with Intesa Sanpaolo for more than a month now to obtain the state-backed loan, designed to help the company combat the coronavirus crisis.
New Strong Sell Stocks for May 15th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
Carmakers Gear Up to Restart Plants as States Ease Restrictions
by Ritujay Ghosh
With a number of U.S. states now steadily reopening, especially those in the Bay Area, carmakers are contemplating resuming production at their North American facilities.
Coronavirus Crashes China Auto Market: Is There a Ray of Hope?
by Rimmi Singhi
CAAM expects the China auto industry to rebound to at least last year's levels in the second half of the year.
Auto Bigwigs Shift Gears to Ventilators Amid Coronavirus Woes
by Rimmi Singhi
As ventilator makers scramble to meet demand, auto biggies like General Motors, Tesla and others are lending a hand in the fight against COVID-19 pandemic.
Ford Suspends Dividend Amid Coronavirus: Will Others Follow?
by Rimmi Singhi
Given the dreary scenario, many companies might be prompted to slash or suspend payouts in a bid to conserve cash.
Coronavirus Wrecks Europe Auto Industry: Rough Road Ahead
by Rimmi Singhi
While European carmakers like Volkswagen and BMW are already warning a difficult year ahead, there are concerns about sustained economic impacts.
New York Auto Show Falls Victim to Coronavirus Outbreak
by Rimmi Singhi
The New York International Auto Show has now been postponed to August amid coronavirus concerns.
Auto Giants Hit 52-Week Low on Global Rout: Pain to Prevail?
by Rimmi Singhi
The massive broader market selloff due to oil price crash and coronavirus fears send a jolt across the auto industry, with various stocks hitting new 52-week lows yesterday.
The Zacks Analyst Blog Highlights: General Motors, Toyota Motor, Navistar International, AutoZone and BMW AG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Toyota Motor, Navistar International, AutoZone and BMW AG
Auto Stock Roundup: GM EV Push, AZO & NAV Quarterly Results & More
by Zacks Equity Research
General Motors (GM) bets big on EVs with $20 billion investments through 2025. While AutoZone (AZO) delivers earnings beat, Navistar (NAV) delivers dismal quarterly results.
Should Automakers Take Note of General Motors' EV Plans?
by Rimmi Singhi
The EV momentum is expected to reach a new level in the coming years with various attractive, long-range and reasonable vehicles set for roll out.
Auto Sales in China Log the Biggest Monthly Decline Ever
by Rimmi Singhi
Notably, passenger car sales in China tanked nearly 41% through the first two months of 2020, reflecting the largest sales decline in two decades.
Here's a Sneak Peek into BMW's EV Offerings For 2020 & 2021
by Zacks Equity Research
BMW AG (BAMXF) set to bring to market three new models over the next two years.
Bumpy Road Ahead for Foreign Automotive Industry Stocks
by Rimmi Singhi
Contracting demand amid global economic slowdown, challenging market conditions and tougher emission rules across the globe are likely to remain near-term concerns for the industry.
Forget Ford (F), Invest in These Auto Companies Instead (Revised)
by Rimmi Singhi
While Ford (F) is weighed down by declining sales and weak financials, investors can consider betting on these promising auto stocks.
The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Tesla, General Motors, Ford, Volkswagen and BMW AG
2020 to be a Crucial Year for EVs: Models to Watch Out for
by Zacks Equity Research
The EV momentum is expected to reach a new level in 2020 with various attractive, long-range and affordable vehicles coming up this year.