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Zacks News
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.
General Motors (GM) Halts Corvette Production Over Tornado Havoc
by Zacks Equity Research
In the wake of the storm, General Motors' (GM) Kentucky plant sustained enough damage to call off production for the week.
Ford (F) Scales Up Production Target for Mustang Mach-E
by Zacks Equity Research
Ford (F) plans to increase the production for Mustang Mach-E to achieve an annual output of more than 200,000 units by 2023 in North America and Europe.
Tesla (TSLA) Halts Taking Model S/X Orders Outside North America
by Zacks Equity Research
Tesla's (TSLA) decision to halt taking new orders for Model S/X comes amid the automaker's massive backlog of orders in Europe and other international markets.
General Motors' (GM) Silverado Production to Kick off in Early '23
by Zacks Equity Research
General Motors (GM) plans to commence production of its upcoming Chevy Silverado electric pickup in early 2023 with sales set to begin in late 2023.
Ford (F) to Invest $900M for Revamping Thai Auto Plants
by Zacks Equity Research
The latest investment marks a historic milestone for Ford (F) and highlights its dedication to producing and delivering superior quality vehicles for customers in Thailand and worldwide.
Lowe's, Ollie's Bargain Outlet, Toyota Motor, Tesla and Goodyear Tire highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Lowe's, Ollie's Bargain Outlet, Toyota Motor, Tesla and Goodyear Tire highlighted as Zacks Bull and Bear of the Day
4 High Earnings Yield Stocks You Can Count on
by Rimmi Singhi
Goodyear (GT), Olin (OLN), APA Corp (APA) and Nutrien (NTR) are some stocks boasting high earnings yield.
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.
Thor (THO) Secures Elkboard Supply Via the Elkhart Buyout
by Zacks Equity Research
The acquisition of Elkhart will provide Thor (THO) with an unconstrained supply of Elkboard, which is a sustainable composite material for sidewalls.
Asbury (ABG) Enhances Foothold in Denver on Stevinson Buyout
by Zacks Equity Research
The purchase of Stevinson will contribute approximately $715 million in annualized revenues to Asbury (ABG).
Toyota (TM) to Build 1st US Battery Plant in North Carolina
by Zacks Equity Research
Toyota (TM) plans to invest $1.29 billion to build an EV battery plant in North Carolina.
Here's Why AutoZone (AZO) Looks Poised for Q1 Earnings Beat
by Zacks Equity Research
Store expansion initiatives and ramped-up digitization are likely to have aided AutoZone's (AZO) fiscal Q1 sales.
General Motors (GM) Lifts Profit Projections, Stock Rallies
by Zacks Equity Research
General Motors (GM) raises its full-year 2021 EBIT projection to $14 billion from the previous guided range of $11.5-13.5 billion. Shares rise 5% following the revised forecast.
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.
CNH Industrial (CNHI) to Enrich Portfolio With NX9 Buyout
by Zacks Equity Research
The takeover of NX9 will consolidate ISOBUS core technologies across the entire EV platform of CNH Industrial's (CNHI) core agriculture product portfolio, thereby boosting it significantly.
General Motors (GM), POSCO Unite for Battery Cathode Material
by Zacks Equity Research
General Motors (GM) and POSCO join forces to build a factory in North America for processing Cathode Active Material for Ultium batteries.
The Zacks Analyst Blog Highlights: Tesla, Goodyear Tire, LCI Industries and Harley-Davidson
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Tesla, Goodyear Tire, LCI Industries and Harley-Davidson
Lithia (LAD) Boosts Buyback, Concludes First ABS Offering
by Zacks Equity Research
Lithia (LAD) adds $750 million to the share buyback program, bringing its total funds available for repurchase to $885 million.
Tesla (TSLA) to Boost Shanghai Production, Open Berlin Plant
by Zacks Equity Research
Tesla (TSLA) intends to invest roughly 1.2 billion yuan ($188 million) in boosting production at its Shanghai Gigafactory and plans to commence production in its Berlin plant by December.
Oshkosh (OSK) Secures $591.61 Million Contract From DoD
by Zacks Equity Research
Oshkosh's (OSK) latest contract from the Department of Defense requires it to serve the U.S. military and a few foreign countries with vehicles and trailers worth around $600 million.
BJ's Wholesale and AstraZeneca have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
BJ's Wholesale and AstraZeneca have been highlighted as Zacks Bull and Bear of the Day
Here's Why You Should Hit the Buy Button on AutoNation (AN)
by Zacks Equity Research
AutoNation (AN) has rallied 82.8% year to date and is poised to maintain the bull run on the back of several tailwinds. It is advised to snap up AN to reap handsome rewards.
General Motors (GM) Buys a 25% Stake in Pure WaterCraft
by Zacks Equity Research
General Motors (GM) claims a 25% stake in Pure Watercraft to widen the reach in the EV domain, aiming for zero-emission future products.