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Zacks News
NIO to Get $2.2B Investment From Abu Dhabi Government Fund
by Zacks Equity Research
NIO is set to receive an investment worth $2.2 billion from CYVN Holdings. With this investment, the latter's total stake in Nio is poised to rise to 20%.
Nissan (NSANY) Partners With China University to Export EVs
by Zacks Equity Research
Nissan (NSANY) collaborates with Tsinghua University to export China-developed EVs to the global market.
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.
Why Fast-paced Mover AB Volvo (VLVLY) Is a Great Choice for Value Investors
by Zacks Equity Research
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, AB Volvo (VLVLY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
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.
Are Investors Undervaluing Volvo (VLVLY) 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.
Stellantis (STLA) Partners With Ample for Battery Technology
by Zacks Equity Research
Stellantis (STLA) joins forces with Ample to integrate Ample's Modular Battery Swapping technology into its electric vehicles.
Thor (THO) Q1 Earnings Beat Estimates, Decline Sharply Y/Y
by Zacks Equity Research
While Thor (THO) delivers a comprehensive fiscal first-quarter earnings beat, its top and bottom lines decline 19.5% and 60.9%, respectively, year over year.
NIO Q3 Loss Narrower Than Expected Due to Higher Deliveries
by Zacks Equity Research
NIO projects deliveries in the range of 47,000-49,000 vehicles for the fourth quarter of 2023, indicating a 17.3-22.3% improvement year over year.
The Progressive and Floor & Decor have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
The Progressive and Floor & Decor have been highlighted as Zacks Bull and Bear of the Day.
AutoZone (AZO) Q1 Earnings & Revenues Surpass Estimates
by Zacks Equity Research
AutoZone (AZO) opens 17 new stores and closes one store in the United States, opens five new stores in Mexico and four stores in Brazil in first-quarter fiscal 2024.
Here's Why Oshkosh (OSK) Makes for a Solid Investment Choice
by Zacks Equity Research
Oshkosh (OSK) is set to benefit from the Hinowa buyout, a strong order backlog and significant program wins.
Ford (F) Invests in Indonesia Plant to Secure Nickel for EV
by Zacks Equity Research
Ford (F) invests in an under-construction nickel plant in Indonesia to strengthen its supply chain.
Toyota (TM) Aims to Expand BEV Line-Up in Europe by 2026
by Zacks Equity Research
Toyota (TM) plans to increase its BEV line-up to six models in Europe by 2026 and displays an Urban SUV Concept and a Sport Crossover Concept.
Ford (F) Updates Outlook After Ratification of Labor Contract
by Zacks Equity Research
Ford (F) now expects full-year 2023 adjusted EBIT in the range of $10-$10.5 billion, including a $1.7 billion strike-related loss.
General Motors (GM) Updates Guidance, Boosts Dividend & Buyback
by Zacks Equity Research
General Motors (GM) reinstates FY23 guidance, announces accelerated share repurchase program of $10 billion and plans to increase its dividend by 33%.
Mercedes (MBGAF) to Move EQS SUV Production to German Plant
by Zacks Equity Research
Mercedes (MBGAF) plans to move EQS SUV production from its Tuscaloosa plant in Alabama to its Bremen plant in Germany to make way for EQC SUV production.
Honda (HMC) Recalls 300K Plus Vehicles for Seatbelt Defects
by Zacks Equity Research
Honda (HMC) recalls more than 300,000 2023-2024 HR-Vs and Accords due to front seatbelt defect.
Volkswagen (VWAGY) to Slash Headcount in Cost-Saving Efforts
by Zacks Equity Research
Volkswagen (VWAGY) to reduce headcount as increasing costs and low productivity are making its cars uncompetitive.
Volkswagen (VWAGY) to Develop China-Specific EV Platform
by Zacks Equity Research
To consolidate its position in China, Volkswagen (VWAGY) plans to develop an all-new platform for entry-level EVs.