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Zacks News
Harley-Davidson (HOG) Q2 Earnings Beat, Sales Shrink Y/Y
by Zacks Equity Research
Harley-Davidson's (HOG) bottom line registers year-over-year growth, but top line falls in second-quarter 2022. Revenues from its major business unit, Motorcycles and Related Products, shrink.
Penske (PAG) Q2 Earnings Top Estimates, Revenues Decline Y/Y
by Zacks Equity Research
Penske (PAG) registers all-time high Q2 earnings that beat estimates on better-than-anticipated gross profit in Retail Automotive and Retail Commercial Truck units.
Ford (F) Q2 Earnings Top Estimates, Dividend Hiked to 15 Cents
by Zacks Equity Research
Ford's (F) top and bottom lines witness robust year-over-year growth. The company declares a quarterly dividend payout of 15 cents per share.
O'Reilly (ORLY) Misses on Q2 Earnings & Sales, Revises View
by Zacks Equity Research
O'Reilly's (ORLY) Q2 earnings and sales increase year over year. ORLY brings down EPS and sales projections for 2022.
Volkswagen (VWAGY) ID.4 SUV Production in US to Create 1K+ Jobs
by Zacks Equity Research
Volkswagen (VWAGY) begins producing ID.4 SUV at its Tennessee plant and hopes to generate more than 1K jobs. It is the first time the crossover SUV is assembled on US soil instead of Europe.
AutoNation (AN) to Increase Autonomy's EV Subscriptions
by Zacks Equity Research
AutoNation (AN) collaborates with Autonomy to scale up its subscriptions to nearly 20K EVs. AN will also provide vehicle preparation and delivery services.
Toyota (TM) Halts New Harrier SUV Orders Over Output Delays
by Zacks Equity Research
Toyota (TM) halts the orders for its Harrier SUV due to delays in production that have been brought about by supply snarls. Customers will have to switch to the upcoming improved version.
Volkswagen (VWAGY) CEO to Resign, Porsche CEO to Take Over
by Zacks Equity Research
Volkswagen (VWAGY) CEO, Herbert Diess, will step down after ongoing tussle with labor unions over his strategies. Persistent software issues worsen matters. Porsche's CEO to take over from Sep 1.
Honda (HMC) Japan Cuts Production by up to 30% on Supply Issues
by Zacks Equity Research
Honda (HMC) announces a production cut in Japan by up to 30%. This decision is in the light of ongoing chip crisis and supply-chain issues that are ravaging the auto industry.
Dorman Products (DORM) Matches Q2 Earnings Estimates
by Zacks Equity Research
Dorman Products (DORM) delivered earnings and revenue surprises of 0% and 6.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Ford (F) Announces Ambitious EV Plans to Cater to Demand Surge
by Zacks Equity Research
Ford (F) comes with a detailed and ambitious EV plan to scale up battery capacity and raw materials. It also targets for 600K run rate by 2023 and 2 million EVs by 2026.
AutoNation (AN) Beats on Q2 Earnings, Announces $1B Buyback
by Zacks Equity Research
AutoNation (AN) delivers an impressive earnings performance in Q2 '22, with the bottom line beating estimates. Revenues shrink slightly on a year-over-year basis. It announces a buyback boost of $1 billion.
Lithia's (LAD) Q2 Earnings & Sales Lag Estimates, Increase Y/Y
by Zacks Equity Research
Lithia (LAD) reports earnings and sales miss in second-quarter 2022 results. However, sales increase year over year. The company announces a dividend payout of 42 cents.
Tesla (TSLA) Earnings Beat Estimates in Q2, Revenues Up Y/Y
by Zacks Equity Research
Tesla (TSLA) comes out with robust revenue growth in second-quarter 2022, amid a tough market and an intense chip crisis. Its earnings surpass the consensus estimate.
Allison (ALSN) Provides FracTran Hydraulic Technology to Calfrac
by Zacks Equity Research
Allison's (ALSN) FracTran Hydraulic transmission technology is being used by Calfrac Services in its hydraulic fracturing pumps. The integration has uplifted the performance of Calfrac pumps.
Here's Why Investors Should Hold Autoliv's (ALV) Stock Now
by Zacks Equity Research
Autoliv (ALV) gains from demand in automotive safety technology and cost-cutting efforts but faces supply-chain challenges and soaring capex requirements.
Stellantis (STLA) & Dongfeng Announce HoA for Share Repurchase
by Zacks Equity Research
Stellantis (STLA) carries out a heads of agreement with Dongfeng over the 99.2 million common shares of STLA that the latter owns.
Is Standard Motor Products (SMP) Stock Undervalued Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
General Motors (GM), EVgo, Pilot Co. Tie Up for EV Charging in US
by Zacks Equity Research
General Motors (GM), EVgo and Pilot Co. team up to bolster and widen the EV charging network in the US. They plan to install 2K chargers along highways to mitigate charging concerns.
Tesla (TSLA) & Panasonic Ink Deal for Cell Production Unit
by Zacks Equity Research
Tesla's (TSLA) major battery supplier, Panasonic, selects Kansas as the site for the largest cell production unit globally for providing batteries to Tesla.
Canoo (GOEV) and Walmart Enter Into Agreement for 4.5K LDVs
by Zacks Equity Research
Canoo (GOEV) and Walmart ink deal wherein the latter will purchase 4,500 E-delivery vans from Canoo to ensure sustainable online delivery.
Westport (WPRT) Secures Deal for LPG Supply to a Key OEM
by Zacks Equity Research
Westport (WPRT) wins a contract to supply LPG to a key OEM for its vehicle applications to steer toward cleaner transportation. The deal will generate 38 million euros in revenues by 2025-end.
Autoliv (ALV) Partners With POC for Bicycle Safety Equipment
by Zacks Equity Research
Autoliv (ALV) announces a collaboration with POC to enhance head gear safety using airbag technology.
Tesla (TSLA) Halts Giga Berlin & Shanghai to Increase Capacity
by Zacks Equity Research
Tesla (TSLA) announces temporary suspension of its Gigafactories in Berlin and Shanghai to carry out production upgrades to increase capacity.
GreenPower (GP) Buys Lion Truck for Sustainable Truck Solutions
by Zacks Equity Research
GreenPower (GP) acquires Lion Truck Body to provide energy-efficient products to its EV Star truck customers for sustainability. Its revenues for fiscal 2022 rise 30% year over year.