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Zacks News
Cooper Tire to Expand in Asia With New Location in Vietnam
by Zacks Equity Research
In sync with the strategy to diversify its TBR tire production, Cooper Tire (CTB) agrees to form a JV with Sailun Vietnam to open a tire production hub in Vietnam.
General Motors Offers Job Transfers for 2,700 U.S. Workers
by Zacks Equity Research
General Motors (GM) will shift 2,700 U.S. workers to existing factories, which will increase its vehicle productions.
Tesla Slashes Prices of 2 Models for China Post Tariff Cut
by Zacks Equity Research
Reduced tariff rates in China aid Tesla (TSLA) to reduce its Model S and X car prices. This is likely to increase the affordability of these vehicles in the country.
3 Auto Stocks That Survived the Sector Bloodbath in 2018
by Sanjoy De
Several factors, including ongoing trade and tariff disputes, higher fuel price and rising interest rates, hurt auto stocks in 2018.
Toyota (TM) Set to Recall 70,000 Vehicles in North America
by Zacks Equity Research
Toyota (TM) is about to recall 70,000 Toyota and Lexus branded vehicles in North America. Per the company, the replacement parts are available and the owners are going to be notified in 2019.
Meritor to Supply Drivetrain Products for Manitowoc's Cranes
by Zacks Equity Research
Meritor's (MTOR) agreement to supply drivetrain products for Manitowoc's numerous crane types is likely to strengthen its position in the off-highway market.
Daimler to Purchase Battery Cells for Electrification Moves
by Zacks Equity Research
Daimler (DDAIF) is set to purchase battery cells amounting to more than 20 billion euros by 2030.
Magna (MGA) Introduces Seating Platform for Autonomous Cars
by Zacks Equity Research
With the emergence of mobility and autonomous vehicles, Magna (MGA) introduces a newly designed seating platform, keeping in mind convenience, comfort and flexibility for passengers.
Goodyear to Close Venezuela Unit, Offers Severance Packages
by Zacks Equity Research
Goodyear (GT) to lay off more than 1,200 employees from the Venezuela plant.
Fiat Chrysler (FCAU) to Build Jeep in Idled Detroit Plant
by Zacks Equity Research
Fiat Chrysler's (FCAU) latest plan to manufacture Jeep Grand Cherokee SUVs in an idled Detroit plant in 2020 is likely to add at least 100 and at the most 400 jobs.
Sonic Automotive (SAH) Opens EchoPark Location in Houston
by Zacks Equity Research
Sonic Automotive's (SAH) EchoPark locations help in enhancing the customer experience in Colorado, North Carolina and Texas.
Autoliv (ALV) Sets Aside Funds to Cover Possible EC Fine
by Zacks Equity Research
Autoliv (ALV) is under investigation due to allegations of anti-competitive behavior among suppliers of occupant safety systems in the European Union.
Daimler (DDAIF) to Increase Stake in China Joint Venture
by Zacks Equity Research
Daimler (DDAIF) intends to exert greater control in the attractive China market by raising its stake in BAIC from 49% to 65%.
Tesla (TSLA) Reaches Production Milestone for Model 3 Sedan
by Zacks Equity Research
After reaching a milestone for Model 3 production, Tesla's CEO Elon Musk wants employees to focus on maintaining this production rate and lowering costs.
Fiat Chrysler to Invest in Italy to Boost Jobs & Margins
by Zacks Equity Research
Fiat Chrysler (FCAU) to spend over $5.7 billion in Italy between 2019 and 2021.
Why Fox Factory (FOXF) Isn't Done Growing Earnings Yet
by Zacks Equity Research
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Fox Factory (FOXF).
Ford Relocates Workers Across Plants to Boost SUV Production
by Zacks Equity Research
Ford (F) reshuffles plants to meet the increasing demand for pickup trucks and large sports utility vehicles.
Magna (MGA) Rides on Innovations & New Launches Amid Tariffs
by Zacks Equity Research
Magna (MGA) focuses more on innovation and new launches as the demand for crossovers and SUVs rises. But, high tariffs on steel and aluminum are creating headwinds.
Johnson Controls' Power Solutions Unit Partners With Toshiba
by Zacks Equity Research
Johnson Controls' (JCI) Power Solutions segment collaborates with Toshiba to develop and manufacture lithium-ion batteries in the Holland, MI-based facility.
Fiat Chrysler to Sell Comau to Focus More on Core Business
by Zacks Equity Research
Given the problems faced by automakers due to trade face-offs, waning vehicle sales in China and stringent regulations, Fiat Chrysler (FCAU) focuses on the reorientation of its business.
Cooper Tire (CTB) Unveils Distribution Center in Mississippi
by Zacks Equity Research
Cooper Tire's (CTB) new facility supplements its existing U.S. distribution network.
AutoNation Collaborates With Fair for Digital Technology
by Zacks Equity Research
The collaboration with Fair opens up new sales channel for AutoNation's (AN) dealerships.
Tenneco's (TEN) Ohlins Buyout to Expand Product Portfolio
by Zacks Equity Research
Acquisition of Ohlins to aid Tenneco (TEN) to progress in the areas of intelligent suspension, autonomous driving and mobility.
Advance Auto Parts (AAP) Beats on Q3 Earnings & Revenues
by Zacks Equity Research
Third-quarter 2018 marks strongest comparable sales growth in eight years for Advance Auto Parts (AAP).
Domestic Autos Industry Outlook: Smooth Ride Ahead
by Zacks Equity Research
Rising demand for SUVs and crossovers in place of passenger cars and sedans make the prospects better for domestic auto companies.