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Zacks News
Stellantis (STLA) Acquires CloudMade's AI Technologies & IP
by Zacks Equity Research
Stellantis (STLA) acquires CloudMade's AI Technologies and IP to improve personalized mobility experience.
Vroom (VRM) Discontinues E-commerce Used Vehicle Operations
by Zacks Equity Research
Vroom (VRM) announces the discontinuation of its e-commerce operations and winding down of its used vehicle dealership business.
3 Reasons Why Growth Investors Shouldn't Overlook Byd Co., Ltd. (BYDDY)
by Zacks Equity Research
Byd Co., Ltd. (BYDDY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Stellantis' (STLA) New Platform to Redefine EV Landscape
by Zacks Equity Research
Stellantis (STLA) unveils a new platform, STLA Large, showcasing its commitment to electrification and innovation. It aims to launch eight vehicles based on the platform between 2024 and 2026.
BYD (BYDDY) Discusses Supply Deal With Brazil's Sigma Lithium
by Zacks Equity Research
BYD (BYDDY) is in talks with Brazil's Sigma Lithium over a supply deal to secure access to the raw material for power batteries.
Is It Worth Investing in Byd Co., Ltd. (BYDDY) Based on Wall Street's Bullish Views?
by Zacks Equity Research
Based on the average brokerage recommendation (ABR), Byd Co., Ltd. (BYDDY) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
The Zacks Analyst Blog Highlights BYD, Tesla, Volkswagen, BMW and Renault
by Zacks Equity Research
BYD, Tesla, Volkswagen, BMW and Renault are part of the Zacks top Analyst Blog.
China Steps on the Gas to Become Top Auto Exporter in 2023
by Rimmi Singhi
China's ability to adapt to changing market dynamics, meet the demand for traditional gasoline-powered vehicles and expand its presence in electric and hybrid segments has solidified its position on the global stage.
EV Titans Clash: Tesla & BYD in Quest of 2024 Leadership
by Rimmi Singhi
BYD (BYDDY) unseats Tesla (TSLA) as the world's top EV seller for the fourth quarter of 2023. While TSLA maintains the lead for the full year of 2023, the stage is set for an intriguing battle for EV supremacy in 2024.
NIO Reveals ET9 Flagship Sedan, Deliveries to Start in 2025
by Zacks Equity Research
NIO unveils its most awaited ET9 flagship sedan, which is available for pre-order in China. Deliveries are likely to start from the first quarter of 2025.
Toyota (TM) Logs Record Sales & Production on High Demand
by Zacks Equity Research
In November, Toyota's (TM) year-over-year global sales and production rose 12% and 11.2%, respectively.
Fisker (FSR) Commences Deliveries of Ocean Sports in U.K.
by Zacks Equity Research
Fisker (FSR) hands over its Ocean Sport electric SUV to the first customer at the Fisker Lounge London.
Honda (HMC) Recalls 2.5M Vehicles Over Fuel Pump Defect
by Zacks Equity Research
Honda (HMC) calls back more than 2.5 million vehicles due to faulty fuel pump that may lead to engine failure while driving.
Cummins (CMI) to Pay $1.7B Fine Under the Clean Air Act
by Zacks Equity Research
Cummins (CMI) agrees to pay a $1.7 billion penalty for installing emissions defeat devices on hundreds of thousands of engines.
Winnebago (WGO) Q1 Earnings Miss Estimates, Decline Y/Y
by Zacks Equity Research
Winnebago's (WGO) first-quarter fiscal 2024 earnings miss estimates due to a year-over-year decline in adjusted EBITDA across all segments.
Toyota (TM) Recalls 1M Vehicles Over Potential Air Bag Issue
by Zacks Equity Research
Toyota (TM) calls back more than 1 million Toyota and Lexus vehicles due to potential air bag failure.
Westport (WPRT) Gets $33M Contract From Truck Manufacturer
by Zacks Equity Research
Westport (WPRT) receives a development contract from a global heavy truck manufacturer to modify the Next Generation LNG HPDI fuel system.
NIO to Get $2.2B Investment From Abu Dhabi Government Fund
by Zacks Equity Research
NIO is set to receive an investment worth $2.2 billion from CYVN Holdings. With this investment, the latter's total stake in Nio is poised to rise to 20%.
Nissan (NSANY) Partners With China University to Export EVs
by Zacks Equity Research
Nissan (NSANY) collaborates with Tsinghua University to export China-developed EVs to the global market.
The Fed Favorite, U.S. Core PCE: Global Week Ahead
by John Blank
In the Global Week Ahead, the world's financial markets head into year-end 2023 on a "buy everything" high. This happened after the Federal Reserve signaled it will switch to policy rate cuts in 2024, propelling all stock indexes and gold prices higher.
General Motors (GM) to Dismiss 1,300 Workers in Michigan
by Zacks Equity Research
General Motors (GM) plans to trim its workforce in two Michigan plants as it ceases the production of Chevrolet Camaro and Chevrolet Bolt.
General Motors (GM) Cruise to Lay off 24% of Its Workforce
by Zacks Equity Research
Per CNBC, General Motors??? (GM) Cruise is set to lay off 900 employees, primarily in commercial operations and related corporate functions.
Tesla (TSLA) Recalls 2M Vehicles to Fix Autopilot Features
by Zacks Equity Research
Tesla (TSLA) recalls more than 2 million vehicles on U.S. roads to install new safeguards in their Autopilot system.
Ford (F) Trims F-150 Lightning Production Target for 2024
by Zacks Equity Research
Per Automotive News, Ford (F) is set to slash its planned weekly production target of all-electric F-150 Lightning truck for 2024 to half amid slowing demand.
Penske (PAG) to Buy Rybrook Group in the United Kingdom
by Zacks Equity Research
Penske (PAG) signs a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom.