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Zacks News
Renault to Post $11B Losses After Nissan Stake Revaluation
by Zacks Equity Research
RNLSY will post $11B loss after revaluing its Nissan stake, aiming to cut earnings volatility without altering its outlook.
Nissan Considers Stake Reduction in Renault to Fund New Investments
by Zacks Equity Research
NSANY plans to trim its stakes in Renault to fund new vehicle development as part of a broader restructuring push.
WeRide Partners With Renault to Offer Free Robobus Trial in Spain
by Zacks Equity Research
WRD partners with Renault to offer a free autonomous Robobus trial in central Barcelona from March 10 to March 14.
CRNC Stock Soars 387% in 6 Months: Will the Bull Run Continue in 2025?
by Zacks Equity Research
CRNC drives innovation in automotive AI with strong partnerships and product launches but faces challenges from rising competition.
Cerence Stock Rises 151% in a Month: Is There More Room to Run?
by Zacks Equity Research
Cerence stock benefits from strong AI advancements and growing clientele despite automotive market challenges.
Rivian's Rocky Q3: Buy the Stock Now on Strategic Moves or Wait?
by Rimmi Singhi
While RIVN missed Q3 expectations, things appear to be looking up from here. Read on to know if you should buy the stock now or wait for clearer recovery.
The Zacks Analyst Blog Highlights Renault, Stellantis, Volkswagen, BMWAG and BYD
by Zacks Equity Research
Renault, Stellantis, Volkswagen, BMWAG and BYD are part of the Zacks top Analyst Blog.
Paris Auto Show 2024: EV Showdown Between European and Chinese Brands
by Rimmi Singhi
The Paris Auto Show showcases the electric future of the auto industry, with European and Chinese manufacturers fiercely competing for dominance in this space.
Ford to Re-enter India to Boost Exports: Is the Stock Worth Buying?
by Rimmi Singhi
F's 2024 profits are likely to be clipped by Model e unit's weakness, with rising warranty costs adding further challenges to its overall outlook.
Stellantis (STLA) to Increase Hybrid Model Line-Up in Europe
by Zacks Equity Research
Stellantis (STLA) is set to offer 30 hybrid models this year and aims to introduce six more by 2026 to meet rising demand in Europe.
Lucid (LCID) to Recall 5K Air Sedan Due to Software Defect
by Zacks Equity Research
Lucid (LCID) prepares to recall 5,251 of its 2022-2023 Air luxury sedans due to a software issue that could lead to a power loss.
General Motors (GM) Q2 China Sales Fall Amid Rising Competition
by Zacks Equity Research
General Motors' (GM) second-quarter sales in China fall 29% y/y due to increased price competition from local automakers.
Hyzon (HYZN) to Wind up Operations in the Netherlands & Australia
by Zacks Equity Research
Hyzon (HYZN) is set to conclude its operations in the Netherlands and Australia due to decreased government support for fuel cell-powered transportation in those markets.
BYD (BYDDY) Buys 20% Stake in Rever to Gain Competitive Edge
by Zacks Equity Research
BYD (BYDDY) agrees to buy a 20% stake in Rever to consolidate its presence in the Southeast Asia auto market and to enhance its competitiveness in Thailand's auto industry.
What Makes RENAULT (RNLSY) a New Strong Buy Stock
by Zacks Equity Research
RENAULT (RNLSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
RENAULT (RNLSY) Moves to Strong Buy: Rationale Behind the Upgrade
by Zacks Equity Research
RENAULT (RNLSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The Zacks Analyst Blog Highlights BYD, Tesla, Volkswagen, BMW and Renault
by Zacks Equity Research
BYD, Tesla, Volkswagen, BMW and Renault are part of the Zacks top Analyst Blog.
China Steps on the Gas to Become Top Auto Exporter in 2023
by Rimmi Singhi
China's ability to adapt to changing market dynamics, meet the demand for traditional gasoline-powered vehicles and expand its presence in electric and hybrid segments has solidified its position on the global stage.
General Motors (GM) to Dismiss 1,300 Workers in Michigan
by Zacks Equity Research
General Motors (GM) plans to trim its workforce in two Michigan plants as it ceases the production of Chevrolet Camaro and Chevrolet Bolt.
General Motors (GM) Cruise to Lay off 24% of Its Workforce
by Zacks Equity Research
Per CNBC, General Motors??? (GM) Cruise is set to lay off 900 employees, primarily in commercial operations and related corporate functions.
Tesla (TSLA) Recalls 2M Vehicles to Fix Autopilot Features
by Zacks Equity Research
Tesla (TSLA) recalls more than 2 million vehicles on U.S. roads to install new safeguards in their Autopilot system.
Ford (F) Trims F-150 Lightning Production Target for 2024
by Zacks Equity Research
Per Automotive News, Ford (F) is set to slash its planned weekly production target of all-electric F-150 Lightning truck for 2024 to half amid slowing demand.
Penske (PAG) to Buy Rybrook Group in the United Kingdom
by Zacks Equity Research
Penske (PAG) signs a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom.
Here's Why Goodyear (GT) Makes for a Solid Investment Choice
by Zacks Equity Research
Goodyear's (GT) Cooper Tire buyout, forward transformation plan, strategic EMEA restructuring and leadership position in electric mobility are major tailwinds.
Here's Why You Should Retain Gentex (GNTX) Stock for Now
by Zacks Equity Research
Gentex (GNTX) is likely to gain from product launches, product mix, unique technology platforms and the adoption of value-added features. However, soaring operational expenses remain a headwind.