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Zacks News
Volkswagen to Go Net-Carbon Neutral Via E-Mobility Success
by Zacks Equity Research
Volkswagen (VWAGY) to invest more than 4 billion euros in China in 2020, 40% of which will be spent on the development of e-mobility.
BMW Bets Big on EVs, Signs 10B-Euro Battery Deal With CATL
by Zacks Equity Research
With the growing popularity of greener vehicles, BMW (BAMXF) expects its worldwide EV sales to increase more than 30% each year.
General Motors Slaps Fiat With Lawsuit for Bribing UAW Staff
by Zacks Equity Research
General Motors (GM) files racketeering lawsuit against Fiat Chrysler for corrupting the bargaining process, which has been causing significant damages to the former.
Autoliv (ALV) Sets Long-Term Profit Margin Target of 13%
by Zacks Equity Research
Autoliv (ALV) aims at an adjusted operating margin of 12%, while maintaining its leverage target of around 1X, over a 3-5 year period.
Why You Should Retain Meritor (MTOR) in Your Portfolio Now
by Zacks Equity Research
While Meritor's (MTOR) M2022 goals, Axle buyout and soaring free cash flow bode well, it is likely to feel the heat from industry headwinds and lower truck sales in the near future.
Group 1 Automotive Surges 94.4% YTD: What's Working in Favor?
by Zacks Equity Research
Group 1 Automotive's (GPI) impressive performance in the United States, and strong business execution of used vehicles and after-sales units boosting the company's profits.
Ford (F) Expands Mustang Muscle Car Range, Launch in 2020
by Zacks Equity Research
Ford's (F) next SUV, Mustang Mach-E, will be available in standard and extended-range battery variants with either a rear-wheel or an all-wheel drive.
Cummins Targets Net-Zero Carbon Emissions Through PLANET 2050
by Zacks Equity Research
Cummins' (CMI) latest environmental sustainability strategy aimed at addressing climate change and air emissions, ensuring the most sustainable use of natural resources, and improving communities.
Navistar to Face $140M Revenue Loss From UAW's Strike at GM
by Zacks Equity Research
Navistar's (NAV) 2019 revenues and adjusted EBITDA are likely to be hit by $140 million and $15 million, respectively, owing to the UAW strike.
Meritor (MTOR) Q4 Earnings Surpass Estimates, Improve Y/Y
by Zacks Equity Research
Meritor (MTOR) issues fiscal 2020 revenue and adjusted earnings per share guidance in the range of $3.7-$3.8 billion and $2.75-$2.85, respectively.
Advance Auto Parts (AAP) Q3 Earnings Beat Estimates, Rise Y/Y
by Zacks Equity Research
Advance Auto Parts (AAP) reiterated 2019 consolidated revenues and adjusted operating income margin guidance at $9,650-$9,750 million and 8-8.2%, respectively.
Magna (MGA) Earnings Surpass Estimates in Q3, Decline Y/Y
by Zacks Equity Research
Magna (MGA) updates 2019 consolidated revenue and adjusted EBIT margin guidance to $38.7-$39.8 billion and 6.3-6.5%, respectively.
General Motors (GM) Sells Ohio Plant to Lordstown Motors
by Zacks Equity Research
General Motors' (GM) Ohio factory sale is expected to turn the Lordstown area into a centre for electric-vehicle manufacturing.
Westport Fuel (WPRT) Q3 Earnings and Sales Beat Estimates
by Zacks Equity Research
Westport Fuel (WPRT) updates 2019 revenues from continuing operations guidance to $295-$305 million.
Toyota (TM) Lags Q2 Earnings Estimates, Narrows Sales View
by Zacks Equity Research
Bringing in pleasant news for investors, Toyota (TM) announces a $1.8-billion share buyback.
Adient (ADNT) Q4 Earnings Top Estimates, Down Y/Y
by Zacks Equity Research
Adient (ADNT) delivers a dismal fiscal Q4 performance due to weaker contribution across all segments.
Johnson Controls (JCI) Q4 Earnings Beat Estimates, Drop Y/Y
by Zacks Equity Research
Johnson Controls (JCI) fourth-quarter 2019 earnings gain on increased Building Solutions North America and Building Solutions Asia Pacific segment revenues.
CNH Industrial (CNHI) Q3 Earnings In Line With Estimates
by Zacks Equity Research
CNH Industrial (CNHI) maintains fourth-quarter 2019 adjusted earnings per share guidance at 84-88 cents.
NIO Partners with Mobileye on Self-Driving Car Technology
by Zacks Equity Research
NIO (NIO) jumps 37% on partnership announcement with Mobileye to develop driverless vehicles in China.
CNH Industrial's ATI Acquisition to Boost Agricultural Unit
by Zacks Equity Research
CNH Industrial (CNHI) acquires ATI to offer factory-fit industry-leading track technology to customers.
Cooper-Standard (CPS) Reports Q3 Loss, Trims '19 Guidance
by Zacks Equity Research
Cooper-Standard Holdings (CPS) reports Q3 loss due to unfavorable volume and mix, foreign exchange, as well as the sale of Anti-Vibration Systems.
SPX (SPXC) Hits 52-Week High, Can the Run Continue?
by Zacks Equity Research
SPX (SPXC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
CNH Industrial's K-Line Ag Buyout to Boost Agricultural Growth
by Zacks Equity Research
CNH Industrial's (CNHI) acquisition of K-Line Ag will help the company incorporate key tillage and residue management equipment for optimal seedbed preparations.
SPX (SPXC) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
SPX (SPXC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LKQ Corp Divests Major Portion of Bulgaria-Based Business
by Zacks Equity Research
LKQ Corp (LKQ) has not declared terms of the divestiture deal.