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Zacks News
Ford (F) Beats on Q3 Earnings, Ups '21 View, Reinstates Dividend
by Zacks Equity Research
Ford (F) forecasts 2021 EBIT within $10.5-$11.5 billion, higher than the prior view of $9-$10 billion.
General Motors (GM) Q3 Earnings Top, Sales Miss Mark, '21 View Up
by Zacks Equity Research
General Motors (GM) projects 2021 adjusted EPS in the band of $5.70-$6.70, up from the previous forecast of $5.40-$6.40.
General Motors (GM) to Deploy 40K Community-Based EV Chargers
by Zacks Equity Research
General Motors (GM) plans to install 40,000 EV chargers across the United States and Canada through Ultium Charge 360.
Tesla (TSLA) Enters $1 Trillion Club on Hertz Deal, Shares Up 12.6%
by Zacks Equity Research
For Tesla (TSLA), the deal with Hertz will make the auto giant's EVs available to a much wider array of consumers.
Auto Stock Roundup: AN Inks Deal to Buy Priority 1, MGA Trims '21 View & More
by Rimmi Singhi
AutoNation's (AN) deal to acquire Priority 1 is set to add $420 million in annualized revenues. Meanwhile, Magna (MGA) slashes 2021 revenues and EBIT margin forecast amid chip woes.
Volkswagen AG (VWAGY) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Volkswagen AG (VWAGY) closed at $32, marking a +1.62% move from the previous day.
Stellantis (STLA) & LG Energy Partner to Set Up Battery Plant
by Zacks Equity Research
Stellantis (STLA) and LG Energy ink deal to build lithium-ion battery factory in North America to step up EV capabilities.
Volkswagen AG (VWAGY) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Volkswagen AG (VWAGY) closed at $31.73, marking a -0.38% move from the previous day.
Stellantis (STLA) to Invest $229M for Overhaul of 3 Plants in Indiana
by Zacks Equity Research
The latest investment decision is another initiative by Stellantis (STLA) to rev up its EV game plan by expediting the development of low-emission technology.
The Zacks Analyst Blog Highlights: General Motors, Tesla, Ford, Toyota and Volkswagen
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Tesla, Ford, Toyota and Volkswagen
Tesla (TSLA) Raises Model 3 & Y Prices, Moves Headquarters to Texas
by Zacks Equity Research
Tesla (TSLA) is planning to shift the company's headquarters to Austin in Texas from Palo Alto in California.
Is GM a 'Buy' After Setting Ambitious Growth Targets?
by Rimmi Singhi
While General Motors (GM) impresses investors with ambitious financial targets laid out during its Investor Day, the stock still does not hold a 'Buy' rating. Read on to know more.
Is Sonic's (SAH) EchoPark Unit the Sole Driver of the Stock?
by Rimmi Singhi
While Sonic's (SAH) used car segment EchoPark is the key attraction of the firm, we believe that its recent acquisition announcements are set to significantly boost the stock's prospects.
Chip Crisis Deals a Massive Blow to U.S. Q3 Auto Sales
by Rimmi Singhi
U.S. auto sales fell for the fifth consecutive month in September, driving down third-quarter 2021 total vehicle sales.
Volkswagen AG (VWAGY) Upgraded to Buy: What Does It Mean for the Stock?
by Zacks Equity Research
Volkswagen AG (VWAGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ford (F) Renews $15.5B Revolving Credit In Line With Ford+
by Zacks Equity Research
Ford (F) announces extension of $15.5 billion revolving credit facility to align with performance metrics of Ford+ growth plan.
3 Reasons for JPMorgan's (JPM) Recent Acquisition Spree
by Zacks Equity Research
JPMorgan's (JPM) recent buyout spree is a way to diversify revenues beyond traditional banking services. Today, we will try to find out the primary reasons for the expansion initiatives.
Is Volkswagen AG (VWAGY) 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.
Has Volkswagen (VWAGY) Outpaced Other Auto-Tires-Trucks Stocks This Year?
by Zacks Equity Research
Is (VWAGY) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Ford (F) to Transform EV Future in U.S. Via $11.4B Investment
by Zacks Equity Research
Ford's (F) latest investment encompasses $5.6 billion for building a mega campus called Blue Oval City in Tennessee and $5.8 billion for building the BlueOvalSK battery manufacturing campus in Kentucky.
EV Roundup: F Partners With Redwood, LI Trims Q3 Delivery Guidance & More
by Rimmi Singhi
While Ford (F) ties up with Redwood Materials for EV battery recycling, Li Auto (LI) cuts delivery view for the third quarter of 2021 amid chip crisis.
Volkswagen (VWAGY) to Set Up $164M EV Battery Plant in Hefei
by Zacks Equity Research
Volkswagen (VWAGY) announces the the construction of a fully-owned battery systems plant in China's Hefei, which is expected to significantly boost production.
Ford (F) Teams Up With Redwood for EV Battery Recycling
by Zacks Equity Research
The collaboration between Ford (F) and Redwood is aimed at amalgamating battery recycling into the auto biggie's domestic battery strategy in order to bring down costs of EVs.
Northern Trust (NTRS) to Acquire Stake in Essentia Analytics
by Zacks Equity Research
In a bid to help asset allocators and active managers make better decisions and improve their returns, Northern Trust (NTRS) will acquire a minority stake in Essentia Analytics.
JPMorgan (JPM) Buys College Financial Planning Platform Frank
by Zacks Equity Research
JPMorgan (JPM) acquires the college financial planning platform, Frank.