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Zacks News
General Motors & Honda Collaborate for Development of Two EVs
by Zacks Equity Research
General Motors (GM) & Honda (HMC) to jointly develop two new electric vehicles for the latter, featuring the proprietary Ultium battery technology of the former.
Will Layoffs, Furloughs Help Carmakers Survive Coronavirus?
by Ritujay Ghosh
The idea to go for pay cuts, layoffs and furloughs is to conserve cash as Tesla, Inc. (TSLA) and other car companies continue to bleed with halt in production and deliveries.
Carmakers Looking Beyond Extended Factory Closures
by Ritujay Ghosh
Many U.S. carmakers are now looking at resuming production in May after President Trump last week extended the guidelines aimed at containing the spread of the coronavirus till Apr 30.
Genuine Parts Scraps '20 Guidance Amid Coronavirus Crisis
by Zacks Equity Research
Genuine Parts (GPC) withdraws 2020 guidance amid significant deterioration of the macro-economic environment triggered by the coronavirus pandemic.
Q1 Auto Sales Hit by Coronavirus: ETF & Stocks in Focus
by Sweta Killa
The U.S. auto industry took a hit in the first quarter due to COVID-19 that forced people to stay home for the most of March, denting business of one of the nation's largest industries.
U.S. Vehicle Sales in Q1 Take Nasty Hit: Is More Pain Ahead?
by Rimmi Singhi
Owing to weak consumer confidence and substantial increase in unemployment, car sales are likely to further decline in the coming months.
Here's What AutoNation is Doing to Fight Coronavirus Crisis
by Zacks Equity Research
AutoNation (AN) furloughing 7,000 employees, slashing executive pay and imposing hiring freeze due to decline in sales amid coronavirus crisis.
Autoliv Taps Brakes on Dividend Payout, Withdraws '20 View
by Zacks Equity Research
Autoliv (ALV) to draw down the remaining $600 million from its existing credit line to combat the coronavirus crisis.
Is BorgWarner's $3.3B Buyout of Delphi Technologies at Risk?
by Zacks Equity Research
BorgWarner (BWA) issues notice to Delphi after the latter violates agreement by drawing down its full $500-million revolving credit facility.
CNH Industrial Shuts American Plants, Withdraws 2020 View
by Zacks Equity Research
CNH Industrial (CNHI) withdraws 2020 guidance amid significant deterioration of the macro-economic environment triggered by the coronavirus outbreak.
Here's What Penske is Doing to Fight Coronavirus Crisis
by Zacks Equity Research
Penske (PAG) enforces proactive measures, including cost cuts, staffing-level adjustments and postponement of an estimated $150 million in capital expenditures to combat the coronavirus crisis.
Here's What Group 1 is Doing to Combat Coronavirus Crisis
by Zacks Equity Research
The coronavirus outbreak has hit businesses in all three markets of Group 1 (GPI), with many dealership operations being suspended or significantly reduced.
Ford Suspends Production at IMG Sites on Coronavirus Scare
by Zacks Equity Research
Ford (F) temporarily suspends vehicle and engine production at its manufacturing sites in India, Vietnam, Thailand and South Africa amid coronavirus concerns.
Cummins Temporarily Closes Indiana Plant, Withdraws '20 View
by Zacks Equity Research
Cummins (CMI) withdraws 2020 guidance amid lower commercial truck production in North America and plant shutdowns by various OEMs in Europe.
Cooper Tire Shuts US Manufacturing Plants on Coronavirus Scare
by Zacks Equity Research
Cooper Tire (CTB) production halt at its plants will proceed on a rolling schedule over the coming week, with facilities expected to be closed for two to three weeks.
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
Automakers Put Brakes on US Production Amid Coronavirus Scare
by Zacks Equity Research
Automakers need to brace up for a prolonged period of weakness, with sales likely to face the heat at least till the first half of this year.
Westport Halts Production in Italy for Now on Coronavirus Scare
by Zacks Equity Research
Westport (WPRT) plans to reassess the suspension of production at the Italy plant in two weeks' time.
Coronavirus Puts Brakes on Fiat's (FCAU) Production in Europe
by Zacks Equity Research
Fiat's (FCAU) updated production plan will lead to the shutdown of the company's facilities in Italy, Serbia and Poland until Mar 27.
CNH Industrial to Enhance Productivity With Potenza's Buyout
by Zacks Equity Research
The acquisition of Potenza will enable CNH Industrial (CNHI) to accelerate the development of sustainable electric powertrains across a range of operating segments.
Fiat to Temporarily Shut Italy Plants Due to Coronavirus
by Zacks Equity Research
Fiat (FCAU) to temporarily halt operations at Pomigliano, Melfi, Atessa and Cassino plants in Italy.
Coronavirus Puts Brakes on General Motors' Lyriq EV Launch
by Zacks Equity Research
General Motors (GM) is re-evaluating plans for rolling out the Lyriq, which was scheduled to debut on Apr 2, 2020 in Los Angeles.
Honda's (HMC) February Sales Volume Climbs 4.2% Y/Y in US
by Zacks Equity Research
Honda (HMC) witnesses record February sales volume in the Honda and Acura divisions in the United States, the total unit sales being 120,006.
Auto Stock Roundup: TM Invests in Pony.ai, ADNT Trims View & More
by Zacks Equity Research
While Toyota (TM) steers $400 million to self driving startup Pony.ai, Adient (ADNT) narrows its 2020 view amid coronavirus concerns.
Coronavirus Concerns Further Plague China Auto Industry
by Rimmi Singhi
Amid coronavirus, the China auto industry has taken a severe beating of late, with shutdown of factories, dealerships with less customer traffic, supply-chain disruption and annual motor show delay.