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Zacks News
NIO Announces Ambitious Plans at its Recent Power Day 2022
by Zacks Equity Research
NIO comes up with bold charging expansion plans at its recently concluded Power Day 2022. It announces key achievements and future targets in EVs.
Buy These 5 Low Price-to-Sales Stocks for Solid Portfolio Gains
by Rajani Lohia
Price-to-sales is a convenient tool to gauge the value of stocks incurring losses or are in an early development cycle. Stocks like GIII, SIG, SMP, MRO and R hold promise.
Allison (ALSN) to Propel US Army's HERCULES Prototype Vehicles
by Zacks Equity Research
Allison (ALSN) announces that it will support the U.S. Army's modernization efforts by equipping its new M88A3 HERCULES prototype vehicles with its X1100 5B propulsion solution.
Ford (F) Reports Y/Y Rise in Q2 Sales, Demand Stays Robust
by Zacks Equity Research
Ford (F) announces second-quarter 2022 sales performance. Sales witness a year-over-year rise despite supply headwinds and tight market.
Stellantis (STLA) Q2 Deliveries Down Y/Y, Chip Crisis Hurts Output
by Zacks Equity Research
Stellantis' (STLA) Q2 vehicle deliveries decline 16% year over year. The union report by the FIOM indicates that Stellantis' output could shrink by as much as 220,000 vehicles in 2022.
General Motors' (GM) Q2 Sales Down Y-O-Y, Market Share Up
by Zacks Equity Research
General Motors (GM) witnesses a year-over-year fall of 15% in sales for the second quarter of 2022 amid production challenges.
NIO, XPeng (XPEV), Li Auto (LI) Issue June, Q2 Delivery Updates
by Zacks Equity Research
June 2022 deliveries of NIO, XPENG (XPEV) and Li Auto (LI) rise 60.3%, 133% and 68.9%, respectively, on a year-over-year basis.
Ferrari (RACE) to Begin EUR 150M First Tranche of Share Buyback
by Zacks Equity Research
Ferrari (RACE) is set to commence the first tranche of its new 2-billion euros share buyback program. The tranche will be executed through a bank and the New York Stock Exchange.
Nissan (NSANY) Recalls 300K+ SUVs in US Over Hood Glitch
by Zacks Equity Research
Nissan (NSANY) announces a recall impacting more than 300,000 Pathfinder SUVs in the U.S. over a malfunctioning hood that may increase the risk of a crash by obstructing the driver's view.
Ford (F) Issues Recall of F-150 Trucks on Tire Pressure Hitch
by Zacks Equity Research
Ford (F) recalls more than 2.5K F-150 Lightning pick-up trucks in the US and Canada over a defective tire pressure monitoring system that might disable warning alerts in case of a low tire pressure situation.
Does Standard Motor Products (SMP) Have the Potential to Rally 34% as Wall Street Analysts Expect?
by Zacks Equity Research
The mean of analysts' price targets for Standard Motor Products (SMP) points to a 34.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Is Standard Motor Products (SMP) a Great Value Stock 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.
New Analyst Coverage Puts Spotlight on These 5 Stocks
by Shrabana Mukherjee
Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like Points.com (PCOM), Nova (NVMI), Standard Motor (SMP), Universal Technical (UTI) and CONSOL Energy (CEIX).
Tesla (TSLA) to Upgrade Giga Shanghai to Bolster Capacity
by Zacks Equity Research
Tesla (TSLA) set for a massive ramp up of Gigafactory Shanghai. The upgrades to Model Y and Model 3 seek to scale up capacity to more than 21,000 EVs weekly, making the unit the largest vehicle export hub.
Ford's (F) Valencia Unit to Enhance EV Efforts in Europe
by Zacks Equity Research
Ford (F) spearheads the electrification drive in Europe with the newly selected Valencia plant in Spain and its ongoing investment of $2 billion in Cologne, Germany.
Tesla (TSLA) to Cut 10% Salaried Jobs, Raise Hourly Staffing
by Zacks Equity Research
Tesla (TSLA) to lay off 10% of its salaried workforce. It will add to its hourly headcount instead, as its expansion has been beyond the requirement.
General Motors' (GM) BrightDrop Supplies 150 E-Vans to FedEx
by Zacks Equity Research
General Motors' (GM) tech startup BrightDrop delivers the first e-delivery vehicles to FedEx. GM will suspend production of its Hummer EV unit in Michigan for four weeks due to re-modeling work.
Michelin (MGDDY) & Hyundai Ink Deal for Sustainable EV Tires
by Zacks Equity Research
Michelin (MGDDY) extends its partnership with Hyundai to produce premium eco-friendly tires for the latter's EVs.
General Motors (GM) Increases High-End Hummer EV's Price
by Zacks Equity Research
General Motors (GM) raises Hummer EV's price, which already has a high price value, in the face of severe cost inflation in raw material, parts and technology and logistics.
NIO Introduces Premium EV ES7 in China as its Fastest SUV
by Zacks Equity Research
NIO unveils its fastest SUV, ES7, in China. The vehicle comes with ultra-modern features and seeks to provide a path-breaking experience.
General Motors (GM) to Invest $81M in Premium Cadillac Celestiq
by Zacks Equity Research
General Motors (GM) to invest $81 million in the Cadillac Celestiq electric cars to pivot the brand among the top-notch EV providers in the auto industry.
Ford (F) Recalls Nearly 3M Vehicles in US Over Gear Issues
by Zacks Equity Research
Ford (F) issues recall of nearly 3 million vehicles in the United States on malfunctioning gear that makes parked vehicles roll over and increase the chances of accidents.
Zacks.com featured highlights Standard Motor, GATX, Nova, AAR and Arconic
by Zacks Equity Research
Standard Motor, GATX, Nova, AAR and Arconic have been highlighted in this Screen of the Week article.
Ford (F) Recalls 48K+ Mustang Mach-E in US Over Battery Hitch
by Zacks Equity Research
Ford (F) issues recall of more than 48K Mustang Mach-E vehicles in the United States on grounds of battery overheating that can lead to potential power loss and increase the chances of accidents.
5 Stocks to Make the Most of New Analyst Coverage
by Shrabana Mukherjee
Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like Standard Motor (SMP), GATX, Nova (NVMI), AAR (SWMAY) and (AIR).