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Zacks News
Navistar (NAV) Q3 Loss Narrower than Expected, Revenues Lag
by Zacks Equity Research
Navistar (NAV) intends to roll out additional cost-saving measures in order to bring down its SG&A costs within the 7-9% range of revenues in the near future.
The Zacks Analyst Blog Highlights: LCII, THO, CWH and REVG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: LCII, THO, CWH and REVG
RV Sales Record Best July Data in 40 Years, Outlook Looks Rosy
by Rimmi Singhi
Pent-up wanderlust amid the coronavirus crisis seems to be breathing new life into the RV industry.
LCI (LCII) is a Great Momentum Stock: Should You Buy?
by Zacks Equity Research
Does LCI (LCII) have what it takes to be a top stock pick for momentum investors? Let's find out.
Advance Auto Parts (AAP) Q2 Earnings & Sales Beat Estimates
by Zacks Equity Research
Advance Auto Parts (AAP) scraps 2020 guidance as it expects the coronavirus pandemic's impact to strain its operations in the days to come.
Volkswagen (VWAGY) to Expand Chattanooga Plant, Develop EVs
by Zacks Equity Research
Volkswagen's (VWAGY) Chattanooga plant will now feature the new voltage laboratory designed to develop and test EV cells and battery packs for upcoming models assembled in the United States.
Daimler to Pay Fine of $2.2B for Emission-Cheating Software
by Zacks Equity Research
Daimler (DDAIF) estimates its expenses to flare up further, in order to fulfil requirements of the settlements, which will hurt the company's business over the next three years.
General Motors 2023 Cadillac Lyriq to be Priced Below $60K
by Zacks Equity Research
General Motors' (GM) latest model, the Lyriq, will be rolled out in late 2022 and is expected to have 300 miles of expected range on a full charge based on Cadillac testing.
Toyota & Mazda Increase Investment in Alabama Factory to $2.3B
by Zacks Equity Research
Toyota (TM) and Mazda's (MZDAY) additional investment will help incorporate new cutting-edge manufacturing technologies into the production lines and provide enhanced training to the workforce.
General Motors to Continue Building Ventilators With Ventec
by Zacks Equity Research
General Motors (GM) and Ventec are on track to close the government contract of building 30,000 ventilators by the end of August.
NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising
by Zacks Equity Research
NIO expects third-quarter deliveries in the band of 11,000-11,500 vehicles, signaling an uptick of 134.5% at the mid-point of the range.
Magna (MGA) Surpasses Q2 Earnings and Revenue Estimates
by Zacks Equity Research
Magna International (MGA) expects full-year 2020 revenues in the band of $30-$32 billion.
Navistar & Cummins to Jointly Develop Advanced Technologies
by Zacks Equity Research
Cummins (CMI) will provide medium-sized and heavy-duty large-bore engines for foreign trucks and IC buses to Navistar (NAV) in the United States and Canada.
Westport (WPRT) Q2 Earnings Beat Estimates, Revenues Down
by Zacks Equity Research
Westport (WPRT) Q2 revenues decline year over year as well as miss the Zacks Consensus Estimate.
Toyota (TM) Q1 Earnings & Sales Surpass Estimates, Down Y/Y
by Zacks Equity Research
Toyota (TM) expects consolidated vehicle sales of 7.2 million units for fiscal 2021, suggesting a year-on-year decline.
Tenneco's (TEN) Q2 Loss Narrower Than Expected, Revenues Down
by Zacks Equity Research
Tenneco (TEN) suspends 2020 guidance as it expects the coronavirus pandemic's impact to thwart the company's operations in the days to come.
Adient's (ADNT) Q3 Loss Wider Than Expected, Sales Down Y/Y
by Zacks Equity Research
Adient (ADNT) projects revenue to be in the $3.3-$3.5 billion band for fourth-quarter fiscal 2020.
Carvana's (CVNA) Q2 Loss Widens Y/Y, Sales Miss Estimates
by Zacks Equity Research
Carvana (CVNA) suspends 2020 guidance as it expects the pandemic's crippling impact to strain its operations in the days to come.
Honda (HMC) Q1 Loss Narrower Than Expected, Sales Lag Estimates
by Zacks Equity Research
For fiscal 2021, Honda (HMC) expects sales and operating profit of 12.8 trillion Yen and 200 billion Yen, respectively.
Lear (LEA) Q2 Loss Narrower Than Expected, Sales Top, Down Y/Y
by Zacks Equity Research
Lear (LEA) suspends 2020 guidance as it expects the pandemic's crippling impact to strain the company's operations in the days to come.
Allison's (ALSN) Q2 Earnings Beat Estimates, Decline Y/Y
by Zacks Equity Research
Allison (ALSN) scraps 2020 guidance as management expects the pandemic-related setbacks to strain its operations in the days to come.
BorgWarner (BWA) Posts Narrower-Than-Expected Loss in Q2
by Zacks Equity Research
BorgWarner (BWA) projects net sales of $8-$8.4 billion for 2020.
CNH Industrial (CNHI) Posts Narrower-Than-Expected Loss in Q2
by Zacks Equity Research
CNH Industrial (CNHI) expects net sales from Industrial Activities to be down 15-20% in 2020, including currency-translation impacts amid the coronavirus crisis.
Standard Motor (SMP) Q2 Earnings & Sales Beat Estimates
by Zacks Equity Research
Standard Motor (SMP) suspends quarterly payouts and stock-buyback programs amid the coronavirus crisis.
Group 1 Automotive (GPI) Q2 Earnings Beat Estimates, Rise Y/Y
by Zacks Equity Research
Group 1 Automotive (GPI) posts higher-than-expected revenues from new vehicles in Q2 despite the coronavirus crisis.