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Zacks News
Workhorse Receives Purchase Order for W56 Step Vans From FedEx
by Zacks Equity Research
WKHS gets a purchase order for 15 W56 step vans from FedEx, following a successful test where the W56 meets FedEx's operational requirements.
Lucid Introduces Latest Features With UX 2.4 Software Update
by Zacks Equity Research
LCID launches UX 2.4, its latest software update, to introduce updated map design, 3D lane visualization and Lucid Assistant.
Volvo Deepens Ties With NVIDIA, Revises Outlook for 2026 & Beyond
by Zacks Equity Research
VLVLY deepens its partnership with NVIDIA to implement more advanced driving systems and revises financial targets for 2026 and beyond.
Toyota Reduces 2026 EV Production Target by 30% Amid Weak Demand
by Zacks Equity Research
TM slashes its EV production target for 2026 by 30% to one million units due to slower-than-anticipated EV adoption.
NIO Q2 Earnings and Revenues Surpass Estimates, Increase Y/Y
by Zacks Equity Research
NIO reports better-than-expected second-quarter results and expects third-quarter 2024 vehicle deliveries in the range of 61,000-63,000 units.
ChargePoint to Trim Workforce to Drive Operational Efficiency
by Zacks Equity Research
CHPT plans to reduce its headcount by 15% to improve operational efficiency amid declining revenues.
Ford Recalls 90K Vehicles Over a Defect in Engine Intake Valve
by Zacks Equity Research
F recalls more than 90,000 vehicles due to engine intake valves that may break while the driver is driving.
General Motors Postpones $330M Investment in Thacker Pass Project
by Zacks Equity Research
GM agrees to delay an additional $330 million investment in Lithium Americas dedicated to the development of Thacker Pass.
Court Ruling Unleashes Lawsuit Against GM for Faulty Transmissions
by Zacks Equity Research
General Motors is facing scrutiny as a federal appeals court permits a lawsuit regarding the sale of hundreds of thousands of vehicles with faulty transmissions from 2015 to 2019.
Standard Motor Stock Down 20% YTD: What Should Investors Do?
by Lavina Shahu
SMP's balance sheet and acquisition strength, coupled with sustainable demand for automotive parts, make the stock worth retaining.
Polestar Incurs $242M Operating Loss in Q2, Eyes Recovery in 2H24
by Zacks Equity Research
PSNY expects the second half of 2024 to be better than the first half, thanks to the growing sales of two premium SUVs, Polestar 3 and 4.
Li Auto Q2 Earnings Fall Y/Y Due to Higher Costs & Pricing Pressures
by Zacks Equity Research
LI reports a year-over-year decline in second-quarter earnings due to rising costs associated with ramping up production of the new Li L6 and price reductions.
General Motors & Samsung SDI to Invest $3.5B in US Battery Plant
by Zacks Equity Research
GM and Samsung SDI are set to invest $3.5 billion to construct an EV battery plant with an annual capacity of up to 36 gigawatt-hours in northern Indiana.
Is Blue Bird (BLBD) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
by Zacks Equity Research
Here is how Blue Bird (BLBD) and Dorman Products (DORM) have performed compared to their sector so far this year.
ChargePoint, Daimler Buses Tie Up for Telematics System Integration
by Zacks Equity Research
CHPT collaborates with Daimler Buses to integrate its telematics and charge management systems with Mercedes-Benz and Setra buses.
Toyota & BMW to Solidify Partnership to Expedite FCV Development
by Zacks Equity Research
TM and BMWYY are poised to expand their partnership on fuel cell vehicles to standardize components and reduce cost.
Here's Why Investors Should Avoid Magna (MGA) Stock Right Now
by Zacks Equity Research
Magna (MGA) faces headwinds from lower-than-expected vehicle production in Europe, program cancellations and discontinued production of Fisker Ocean.
Advance Auto (AAP) Q2 Earnings Miss Estimates, Guidance Trimmed
by Zacks Equity Research
Advance Auto (AAP) reports Q2 results and expects 2024 net sales in the band of $11.15-$11.25 billion, down from the prior estimate of $11.30-$11.40 billion.
Here is Why Growth Investors Should Buy Dorman Products (DORM) Now
by Zacks Equity Research
Dorman Products (DORM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Tesla (TSLA) Recalls 9k Model X SUVs to Fix Roof Trim Pieces
by Zacks Equity Research
Tesla (TSLA) recalls nearly 9,100 Model X SUVs in the United States due to a potential issue with roof trim that could detach.
Hyliion (HYLN) & Jardine Team Up to Explore KARNO Technology
by Zacks Equity Research
Hyliion (HYLN) signs an MOU with Jardine to explore the use of its advanced KARNO technology in power generation projects.
Oshkosh (OSK) Falls 9.6% Since Q2 Earnings Beat Estimates
by Zacks Equity Research
Oshkosh (OSK) reports better-than-expected second-quarter results and expects full-year 2024 adjusted earnings per share of $11.75, up from the prior guidance of $11.25.
Here's Why You Should Retain Oshkosh (OSK) Stock for Now
by Zacks Equity Research
Oshkosh (OSK) is set to gain from a solid backlog, buyout of JBT's AeroTech business and ongoing support for defense programs amid rising capital spending and high ramp-up costs.
Toyota (TM) to Convert Its Entire Lineup to Hybrid-Only
by Zacks Equity Research
Toyota (TM) aims to cease the production of vehicles that run solely on gasoline and convert its entire lineup to hybrid-only models.
American Axle's (AXL) Shares Rise 2% Since Q2 Earnings Beat
by Zacks Equity Research
American Axle (AXL) reports better-than-expected Q2 results and expects full-year 2024 revenues in the range of $6.10-$6.30 billion compared with the previous estimate of $6.05-$6.35 billion.