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Zacks News
Ford (F) to Cut Salaried Workforce for Better Efficiency
by Zacks Equity Research
Ford's (F) lay-off plan is in line with its strategy to curb costs, improve efficiency and raise the stock price.
Toyota, SoftBank to Form JV for Autonomous Mobility Services
by Zacks Equity Research
Toyota (TM) is set to form a JV with SoftBank to develop a platform that can operate self-driving cars and provide a wide range of services.
Auto Sales Dropped in Q3: ETF & Stocks in Focus
by Sweta Killa
After rising 1.8% in the first six months, auto sales fell 4% in the third quarter despite strong demand for SUVs and some pickups.
Auto Stock Roundup: September Sales Lag, GM & Honda Recall, Ford Extends Alliance
by Zacks Equity Research
September auto sales mark a year-over-year decline due to rising interest rates and uncertainty in price induced by tariffs.
Toyota to Gain From Cost-Cut Initiatives Despite Recall Woe
by Zacks Equity Research
Toyota's (TM) plan to shift production by 2020 is likely to help it cut costs by 20%. However, frequent vehicle recalls are elevating its expenses.
September US Auto Sales Lag on Weak Car Demand, Rising Rates
by Zacks Equity Research
With declining passenger car sales and unfavorable credit offering, U.S. auto sales plummet in September.
Toyota Cautions About Midlands Hub Closure With No-Deal Brexit
by Zacks Equity Research
Toyota (TM) announces production halt at its plant at the Midlands in U.K. if Britain exits from the EU, without a deal.
Evaluating Ford (F) Stock Near 10-Year Low
by Benjamin Rains
Ford (F) shares have slowly plummeted over the last five years as the American automotive giant and some of its peers face increased competition and shifting consumer habits. Now, Trump's tariffs are dragging down Ford's profits as its stock price inches near a 10-year low.
Google's Toyota Deal to Boost Vehicle Infotainment Presence
by Zacks Equity Research
Alphabet's (GOOGL) Google partners with Toyota to allow the android users to directly connect Android Auto app with their Toyota cars. This will boost the download base of Android Auto.
Looming Brexit Deadline: Automakers Devise Emergency Plans
by Zacks Equity Research
Lack of clarity on trading regulations surrounding Britain's exit from the EU on Mar 29 has prompted automakers to analyze viable options to deal with the upcoming trade issues.
Rising Interest Rates Put Brakes on No-Interest Auto Loans
by Zacks Equity Research
Purchasing an automobile through car financing has become more expensive as the rate of interest is rising lately.
Tit-For-Tat Tariffs Hurting U.S. Automakers: ETF in Focus
by Zacks Equity Research
CARZ has lost nearly 13.3% over the past six-months due to trade woes, rate hikes and changing consumer preferences.
Auto Stock Roundup: China Woes, Ford Recalls, Daimler to Make Autonomous Vehicle
by Zacks Equity Research
Various factors, including economic turmoil and ongoing trade spat with Washington result in declining auto sales in China in August.
Auto Recall Blues Continue: Toyota, Ford & Others in Focus
by Sanjoy De
Frequent cases of recall surface due to problems pertaining to hatchback, risk of fire, brake-related troubles and of course faulty Takata airbag deflators.
Toyota (TM) to Resume Production at Domestic Assembly Lines
by Zacks Equity Research
After a week of vehicle production halt, owing to Japan's earthquake, Toyota (TM) to restart production at its domestic assembly plants from Thursday.
Passenger Car Sales Hit Low: Will Others Follow Ford's Suit?
by Zacks Equity Research
Declining passenger car sales have been bothering automotive manufacturers over the past few months. On the contrary, SUVs enable the auto companies to drive sales.
China's Push for Consolidation Irks Global Automakers
by Sanjoy De
China plans to cut down excess auto manufacturing capacity, whereas several auto giants desire to expand in the mainland.
Auto Stock Roundup: SUV Sales Up in August, Toyota Faces Recall Mess
by Zacks Equity Research
Overall, a small increase in August sales is driven by strong rise in SUV sales, robust consumer confidence and low level of unemployment.
US August Auto Sales Encouraging: ETF & Stocks in Focus
by Sweta Killa
Auto sales in August are expected to rise 1.2% and 0.8%, respectively, per Edmunds.com and Cox Automotive.
Toyota (TM) Recalls 1M Prius & C-HR Units Over Wiring Issue
by Zacks Equity Research
Toyota (TM) recalls more than 1 million Prius and C-HR compact crossover cars due to faulty engine wire harness.
Foreign Autos Stock Outlook: Near-Term Bumps on Growth Track
by Zacks Equity Research
Imported vehicles and the ones that are built by foreign manufacturers in the United States have a huge impact on the automotive industry.
Will Trump's NAFTA Deal Benefit Automakers?
by Swarup Gupta
The auto industry is relieved that a replacement deal has been concluded.
Auto Stock Roundup: Toyota Gears Up for Mobility Services, Fiat Chrysler to Recall
by Zacks Equity Research
Toyota (TM) makes strong moves in self-driving technology. Volkswagen (VLKAY) to augment digital businesses and software.
Japan to See Flying Cars in a Decade: 3 Stocks to Watch
by Zacks Equity Research
The Japanese government's collaboration with the world's leading technology giants to develop flying cars could push these aviation and auto stocks up.
Toyota (TM) to Extend Alliance With Uber & Invest $500M
by Zacks Equity Research
Toyota (TM) to invest $500 million in Uber to strengthen the existing partnership for launching its autonomous ride-sharing as a mobility service in the market.