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Zacks News
Harley (HOG) to Shift Production to Escape EU Tariff Hike
by Zacks Equity Research
In order to shield it from rising costs on U.S.-manufactured motorcycles, sold in Europe, due to increased EU tariffs, Harley-Davidson (HOG) to shift production location to international facilities.
Cooper-Standard (CPS) Rides on New Business & Innovations
by Zacks Equity Research
Recently introduced business and continuing demand for SUVs, and light trucks result in solid volume and mix improvement for Cooper-Standard (CPS).
CarMax's (KMX) Q1 Earnings & Revenues Beat Estimates, Up Y/Y
by Zacks Equity Research
CarMax's (KMX) first-quarter fiscal 2019 results beat estimates. Also, the company posts year-over-year improvement in wholesale and used vehicle revenues.
Volkswagen's (VLKAY) Audi Collaborates With Hyundai for FCEV
by Zacks Equity Research
Volkswagen's (VLKAY) Audi teams up with South Korea's Hyundai to develop FCEVs and lower associated costs.
Winnebago (WGO) Q3 Earnings & Revenues Top Estimates, Up Y/Y
by Zacks Equity Research
Winnebago (WGO) posts third-quarter fiscal 2018 revenues of $562.3 million, up 18% from the prior-year quarter. This is driven by continued growth in the Towable segment.
CNH Industrial's IVECO BUS Initiates Deliveries in Brazil
by Zacks Equity Research
CNH Industrial's (CNHI) IVECO BUS starts delivering buses with accessibility device for public school students of Minas Gerais, Brazil.
Magna (MGA) Forms JVs to Engineer & Manufacture EVs for China
by Zacks Equity Research
With an aim to strengthen footprint in China, Magna (MGA) forms two joint ventures with BAIC's Beijing Electric Vehicle to manufacture EVs.
AutoZone (AZO) Rides on Store Openings, Expenses a Woe
by Zacks Equity Research
AutoZone (AZO) raises sales through increased focus on core businesses and store openings. However, continuous rise in capital and operating expenses is a concern.
General Motors to Get Rid of 3 Cadillac Sedans, Invests $175M
by Zacks Equity Research
General Motors (GM) to abandon three Cadillac sedans and replace them with two new. For this purpose, it is going to invest $175 million in updating a plant in Lansing, MI.
O'Reilly (ORLY) to Benefit From Aggressive Store Openings
by Zacks Equity Research
O'Reilly (ORLY) opens stores to penetrate existing markets, and expand in new and contiguous ones.
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
by Zacks Equity Research
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
BorgWarner (BWA) Opens New Technical Center in Indiana
by Zacks Equity Research
BorgWarner (BWA) opens a new state-of-the-art technical center in Noblesville, IN. The center strengthens the company's research and development capability to cope with rising customer demand.
ECB Holds off on Rate Hikes! Grab 5 Top European Stocks Now
by Tirthankar Chakraborty
European stocks jumped, while the euro slumped against the dollar after the ECB indicated that it will not raise interest rates before summer 2019.
Dana Launches Drivetrains for Commercial Vehicle Aftermarket
by Zacks Equity Research
In order to cater to the commercial vehicle aftermarket, Dana (DAN) launches drivetrain product line Spicer Select, preferably for old vehicles.
Magna (MGA) & May Mobility to Develop Autonomous Shuttle
by Zacks Equity Research
Magna (MGA) partners with MI-based May Mobility to co-develop self-driving electric shuttle, which is scheduled to be introduced in June 2018.
ALSN or RACE: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
ALSN vs. RACE: Which Stock Is the Better Value Option?
Nissan (NSANY) Aims to Grow Market Share Outside America
by Zacks Equity Research
After witnessing declining profit in North America, Nissan (NSANY) now focuses on Asian and African markets.
Toyota to Invest $1B in Singapore's Ride-Hailing Firm Grab
by Zacks Equity Research
Toyota (TM) to invest $1 billion in South Asian ride-hailing transport services company, Grab, to strengthen the existing partnership for expanding mobility services.
Allison Transmission (ALSN) to Offer Connected Capabilities
by Zacks Equity Research
Allison Transmission (ALSN) partners with TSPs to provide connected capabilities for fleet management.
Tesla Plans to Lay Off Employees to Boost Profitability
by Zacks Equity Research
Tesla (TSLA) announces to reduce its workforce by around 9% to lower expenses and become sustainably profitable.
Copart (CPRT) Adds Disaster Recovery Location at Lumberton
by Zacks Equity Research
Copart (CPRT) adds another location at Lumberton, NC, to manage disaster-hit vehicles in the coastal plains.
American Axle (AXL) to Deliver AWD PTUs for Ford Crossovers
by Zacks Equity Research
American Axle (AXL) signs a contract to supply PTUs for Ford's crossover vehicles, thus, strengthening its relationship with Ford.
BorgWarner Ropes In Lissalde as New CEO, Verrier Steps Down
by Zacks Equity Research
Lissalde to be the new CEO of BorgWarner (BWA) with effect from Aug 1, 2018.
Genuine Parts (GPC) to Acquire Automotive Company in Europe
by Zacks Equity Research
Genuine Parts' (GPC) Alliance Automotive Group to acquire German Hennig Fahrzeugteile Group. This acquisition is in line with the company's global growth strategy through acquisitions.
Navistar's (NAV) Q2 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Navistar (NAV) raises fiscal 2018 full-year guidance, driven by solid industry conditions.