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Zacks News
Rivian (RIVN) CEO Resigns Amid Production Challenges, Stock Falls (revised)
by Zacks Equity Research
Rivian's (RIVN) CEO steps down at a time when the company is stretched with production ramp-up challenges. This brings down its shares below its IPO price.
Tesla (TSLA) Inks Nickel Supply Deal With Talon for Battery Cells
by Zacks Equity Research
Tesla (TSLA) inks the first U.S. nickel supply deal with Talon to drive sustainability in EV battery storage and manufacture.
Genuine Parts (GPC) to Issue $1B Senior Notes, Closes KDG Buyout
by Zacks Equity Research
Genuine Parts Company (GPC) to raise $1 billion in senior notes to fund a significant portion of its recently completed acquisition of KDG.
General Motors (GM) Reports U.S. Sales for Q421 & Full Year
by Zacks Equity Research
Amid the semiconductor supply shortage, General Motors' (GM) fourth-quarter 2021 sales slump 43% year over year while annual sales decline 13%.
Key Highlights of General Motors' (GM) Showcase at CES 2022
by Zacks Equity Research
The star of General Motors' presentation at the CES 2022 event was the global debut of the 2024 Chevrolet Silverado EV.
GreenPower (GP) Announces 4 EV Star CCs Delivery to TCI Trucks
by Zacks Equity Research
The latest delivery symbolizes the beginning of a revolutionary partnership between GreenPower (GP) and TCI.
BMW (BAMXF) Revs Up EV Game With All-Electric iX M60 SUV Debut
by Zacks Equity Research
Scheduled to hit the markets this June, BMW's (BAMXF) iX M60 boasts 610 horsepower and 811 pound-feet of torque and a 0 to 60mph acceleration time of 3.6 seconds.
Toyota (TM) to Rev Up Software Game With New Operating Platform
by Zacks Equity Research
Toyota (TM) to launch its own automotive software platform by 2025, which will power everything, from basic functions to advanced applications like autonomous driving.
NIO Declares Repurchase Right for Convertible Senior Notes
by Zacks Equity Research
NIO's holders of 4.50% Convertible Senior Notes due 2024 have the opportunity to exercise the Repurchase Right by 5:00 p.m., NYC time, Jan 28, 2022.
Tesla (TSLA) Delivers Record-Setting 308,600 Cars in Q4
by Zacks Equity Research
Tesla (TSLA) reports total deliveries of 308,600 vehicles in the fourth quarter of 2021, breezing past its previous high mark of 241,300 set in the third quarter of 2021.
Genuine Parts (GPC) Soars to 52-Week High, Time to Cash Out?
by Zacks Equity Research
Genuine Parts (GPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
GPC vs. CARG: Which Stock Should Value Investors Buy Now?
by Zacks Equity Research
GPC vs. CARG: Which Stock Is the Better Value Option?
Rivian (RIVN) Postpones Big Battery Pack SUV Deliveries to '23
by Zacks Equity Research
Rivian (RIVN) pushes back the delivery timeline of electric pickup trucks and SUVs with big battery packs to 2023 on account of lower preorders of this category.
5 Auto Stocks Poised to Continue Their Winning Streaks in 2022
by Pooja Dhona
The auto sector is projected to witness year-on-year earnings growth of 13.2% in 2022. Amid the upbeat scenario, stocks like TSLA, GT, SMP, LKQ and GPC are set to dazzle next year.
Auto Stock Roundup: AZO & CMI Buyback Updates, WGO Quarterly Show and More
by Rimmi Singhi
While AutoZone (AZO) and Cummins (CMI) boost shareholders' value through stock buyback programs of $1.5 billion and $2 billion, respectively, Winnebago (WGO) posts a comprehensive beat for fiscal Q1.
Genuine Parts (GPC) to Boost Scale & Profits With KDG Buyout
by Zacks Equity Research
Genuine Parts (GPC) is set to acquire Kaman Distribution Group in a $1.3-billion deal, set for closure in the first quarter of 2022.
Rivian (RIVN) Incurs Q3 Loss, Announces Scaling-Up Efforts
by Zacks Equity Research
Rivian (RIVN) reports a net loss in Q3 and sees a bleak production in the coming months with an expected shortage of "a few hundred vehicles" from its 2021 target of 1,200 units.
Toyota Motor (TM) Announces Extensive Electrification Drive
by Zacks Equity Research
Toyota's (TM) electrification line-up plans aim to make its business carbon-neutral and increase the proportion of its EV sales.
Magna (MGA) Set to Launch Breakthrough Powertrain in 2022
by Zacks Equity Research
Magna's (MGA) launch of the all-electric powertrain, EtelligentReach, aims at efficiency gains, reduced carbon-dioxide emissions and an enhanced driving experience for customers.
GPC vs. CARG: Which Stock Is the Better Value Option?
by Zacks Equity Research
GPC vs. CARG: Which Stock Is the Better Value Option?
Lithia (LAD) Expands Florida, Michigan Footprint, Adds to Sales
by Zacks Equity Research
Lithia's (LAD) expansion initiatives in its two important markets of Florida and Michigan are expected to generate $425 million in annual revenues.
Stellantis (STLA) & Foxconn Sign MoU for Flexible Semiconductors
by Zacks Equity Research
Stellantis (STLA) and Foxconn join forces to design a range of modernized, purpose-built semiconductors for the auto industry by harnessing the experience and expertise of both companies.
Magna (MGA) Set for Big Gains in Electrification Program
by Zacks Equity Research
Magna (MGA) seeks to achieve more than $2 billion in managed powertrain electrification sales by 2023 and above $4 billion by 2027.
Sonos, The Gap, Genuine Parts, Target and A. O. Smith highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Sonos, The Gap, Genuine Parts, Target and A. O. Smith highlighted as Zacks Bull and Bear of the Day
3 Top-Ranked Dividend Aristocrats to Invest in December
by Tirthankar Chakraborty
Powell's hawkish shift in tone to the spread of the omicron variant is impacting stocks. Hence, invest in dividend aristocrats like Genuine Parts (GPC), Target (TGT) and A. O. Smith (AOS).