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Zacks News
Carmakers Step Up Production, Tesla Crosses Toyota Market Cap
by Ritujay Ghosh
Since restarting production on May 18, most carmakers have slowly been increasing output at their North American plants.
U.S. Steel Output Plunges as Utilization Sinks on Coronavirus
by Anindya Barman
The coronavirus-led demand slowdown has forced U.S. steel mills to idle operations and scale down production.
Telenav Augments Parking Solutions With Parkopedia Tie-Up
by Zacks Equity Research
Telenav (TNAV) teams up with Parkopedia to enhance hassle-free parking services through its much-acclaimed ICC platform and VIVID Commerce solution.
Electric Pickup Race is on: Is Nikola The Tesla of Trucking?
by Rimmi Singhi
The year 2021 is going to be the year for electric pickups and is likely to witness EV market revolution.
Auto Sales Recover in May: ETF & Stocks to Ride On
by Sweta Killa
After a dismal April, the U.S. auto industry showed signs of recovery in May.
Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal
by Zacks Equity Research
Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.
U.S. Auto Sales Recover in May: Can Carmakers Bounce Back?
by Ritujay Ghosh
The jump in May was primarily because automotive firms embraced online sales and historically generous incentives to lure people into buying new vehicles.
May Auto Sales Reports Today; Toyota (TM) -25.7%
by Mark Vickery
The S&P 500 is now above the 200-day trading average, suggesting another possible breakout to the upside.
Economic Data Deluge
by Zacks Equity Research
Economic Data Deluge
Auto Stock Roundup: NSANY Incurs Biggest Loss in 20 Years, AZO Beats on Q3 Earnings
by Zacks Equity Research
Nissan (NSANY) incurs fiscal 2019 loss of 671.2 billion yen, which marks the worst in two decades. Meanwhile, AutoZone (AZO) tops fiscal Q3 earnings estimates despite coronavirus woes.
AVs Gather Momentum Amid Coronavirus But Roadblocks Remain
by Rimmi Singhi
With coronavirus keeping most people housebound, driverless cars have indeed proved to be an asset. However, it will still take considerable time to bring AVs into the mainstream.
General Motors to Boost Production at North American Plants
by Zacks Equity Research
General Motors' (GM) plants in Michigan, Indiana and Missouri, which reopened on May 18, are expected to increase from one to three shifts.
Ford (F) Suspends Production in Kansas on Coronavirus Scare
by Zacks Equity Research
Ford (F) halts production at Kansas City assembly plant on the Transit Van side after a worker tests positive for COVID-19.
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.
The Zacks Analyst Blog Highlights: Daimler AG, Tesla, Toyota, General Motors and Fiat Chrysler
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Daimler AG, Tesla, Toyota, General Motors and Fiat Chrysler
General Motors' Ultra Cruise for City Streets in the Making
by Zacks Equity Research
General Motors (GM) aims to roll out the new million-mile EV battery, which is more advanced than its new Ultium battery that was unveiled in March.
U.S. Auto Industry Engine Restarts: Testing Times Ahead
by Rimmi Singhi
Even with U.S. auto manufacturing plants back online, production and sales are unlikely to rebound anytime soon.
General Motors (GM) Shares Rally 9% on May 18: Here's Why
by Zacks Equity Research
General Motors (GM) reopens several U.S. factories that had been idled since mid-March due to the coronavirus outbreak.
The Zacks Analyst Blog Highlights: Tesla, Uber, Lyft and General Motors
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Tesla, Uber, Lyft and General Motors
Can CARZ ETF Gain Despite Mixed Auto Earnings?
by Sweta Jaiswal, FRM
Let's take a look at the impact of the major automaker earnings releases on automobiles ETFs amid the coronavirus crisis.
Tesla Racing to Give Gasoline Cars a Run for Their Money
by Sejuti Banerjea
Tesla's Shanghai factory has started production of its long range model 3 that it plans to sell for 344,050 yuan (only producers using Chinese batteries will be eligible for subsidies on low-cost EVs after June).
Toyota (TM) Tops Q4 Earnings Estimates, Cautions on Road Ahead
by Zacks Equity Research
Toyota (TM) expects operating income to decline 79.5% year over year to 500 billion yen in fiscal 2021, which would mark the lowest profit in nine years.
The Zacks Analyst Blog Highlights: Ford, General Motors, Fiat, Toyota and Tesla
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Ford, General Motors, Fiat, Toyota and Tesla
China Auto Sales Pick Up in April: Just a Momentary Relief?
by Rimmi Singhi
Amid economic weakness, declining consumer sentiment and global COVID-19 mayhem, a sustainable rebound in China is unlikely anytime soon.
Carmakers Gear Up to Restart Production: Can They Bounce Back?
by Ritujay Ghosh
The global car industry has been witnessing a slump for the past few quarters, which was worsened due to the coronavirus outbreak.