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Zacks News
Auto Stocks' Earnings Roster for Jul 30: GM, GPC, LKQ & More
by Zacks Equity Research
Overall second-quarter 2020 earnings and revenues for the auto sector are projected to be down a whopping 228.1% and 47.7%, year over year, respectively.
Auto Stock Roundup: TSLA & LAD Beat on Q2 Earnings, GNTX Posts Disappointing Results
by Zacks Equity Research
Quite unexpectedly, Tesla (TSLA) posts a profit in the second quarter of 2020. While Lithia (LAD) tops earnings estimates, Gentex (GNTX) puts up a dismal show in Q2.
5 Auto Stocks Poised to Beat on Q2 Earnings Amid Coronavirus Woes
by Zacks Equity Research
Overall Q2 earnings and revenues for the auto sector projected to slump 228.1% and 47.7% year over year.
What's in Store for General Motors (GM) This Earnings Season?
by Zacks Equity Research
While low vehicle sales amid waning consumer demand and soft economic conditions might have hurt General Motors' (GM) Q2 performance, solid cost-containment efforts are likely to have offered respite.
PACCAR (PCAR) to Report Q2 Earnings: What's in the Offing?
by Zacks Equity Research
PACCAR's (PCAR) lower orders for Class 8 trucks are likely to have dented revenues during the second quarter.
Will Rising Deliveries Drive Tesla's (TSLA) Q2 Earnings?
by Zacks Equity Research
Rise in Tesla's (TSLA) deliveries likely to have aided the company's earnings in Q2.
Can Tesla (TSLA) Keep its Earnings Streak Alive in Q2?
by Zacks Equity Research
Increasing deliveries of Model 3, along with ramped up production and sales of Model Y are likely to buoy Tesla's (TSLA) results for second-quarter 2020.
Multi-State MOU Intensifies Electric Truck Goals: 5 Picks
by Rimmi Singhi
The 15 states that have signed a MOU aspire to achieve 100% transition to electric trucks and buses by 2050, with an interim target of at least 30% zero-emission medium- and heavy-duty truck sales within 2030.
Ford's (F) Q2 China Sales Snap 3-Year Slump, Rise 3% Y/Y
by Zacks Equity Research
A strong vehicle lineup and robust demand amid the lifting of coronavirus-induced lockdown restrictions in China drive Ford's (F) second-quarter sales in the country.
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.
Auto Sales Plunge in Q2: ETFs & Stocks in Focus
by Sweta Killa
Major automakers reported a more than 30% drop in U.S. auto sales in the second quarter, the biggest plunge since the Great Recession.
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.
Auto Stock Roundup: General Motors' $223M Contract, Ford-Disney Pact & More
by Zacks Equity Research
While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.
Positive Data Fuels a 4th of July Rally
by David Borun
US equities make big gains during a holiday-shortened week.
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.
General Motors Clinches $223M Lucrative U.S. Army Contract
by Zacks Equity Research
General Motors' (GM) latest contract is for the first batch of 649 such vehicles, while the overall approved requisition objective is for 2,065 vehicles over the next decade.
Robotics Turns Indispensable as Coronavirus Tightens Grip: 5 Picks
by Ritujay Ghosh
From sanitizing hospitals, homes and workplaces to monitoring, surveying, handling and delivering food and medicines to patients, robots are coming to the aid of healthcare workers, thus lowering their risk of exposure.
US Auto Sector Braces for Upheaval on California's EV Target
by Rimmi Singhi
While there is much opposition by the industry groups for California's zero-emissions truck mandate, there are a number of automakers who have been taking the EV plans seriously.
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.
BlackBerry's Software Gains Prominence in the Auto Industry
by Zacks Equity Research
Leading automakers use BlackBerry's (BB) QNX software in their advanced driver assistance, digital instrument clusters, connectivity modules, handsfree and infotainment systems.
Honda, General Motor to Jointly Manufacture Hand Sanitizers
by Zacks Equity Research
Honda (HMC) and General Motors (GM) are jointly producing nearly 12,000 gallons of hand sanitizers for employees and health-care facilities.
NVIDIA Ups the Game, Joins Mercedes on Self-Drive Project
by Chandrima Sanyal
NVIDIA's (NVDA) collaboration with Mercedes-Benz to develop an in-vehicle computing system is expected to strengthen its competitive position in the self-driving vehicle market.
eBay, Tyson Foods, Tesla, Toyota and General Motors highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
eBay, Tyson Foods, Tesla, Toyota and General Motors highlighted as Zacks Bull and Bear of the Day
Will Tesla Take Over The Automotive World?
by Daniel Laboe
The latest Shanghai Gigafactory combined with the upcoming Berlin Gigafactory will provide Tesla with the global foothold it needs to take over the automotive world
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.