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Zacks News
Ford (F) Scales Up South African Operations, Invests $1.05B
by Zacks Equity Research
Ford's (F) latest investment is the largest the automaker has made in South Africa in its 97-year history in the country.
Is Volkswagen AG (VWAGY) 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.
Volkswagen (VWAGY) Reports Robust Preliminary Figures for 2020
by Zacks Equity Research
Volkswagen (VWAGY) projects operating profit, excluding costs related to the diesel scandal, to be around 10 billion euros ($12.2 billion) for 2020.
Bull of the Day: Baidu (BIDU)
by Kevin Cook
Rumor confirmed: Baidu will become the Tesla of China with EV manufacture using their AI+ADAS
Volkswagen (VWAGY) Lags 2020 EU Emissions Target, Fined $121M
by Zacks Equity Research
Though Volkswagen (VWAGY) trimmed average emissions across Europe by about 20% last year compared with 2019, it was still 0.5 g/km above the EU target.
Westport (WPRT), Scania Team Up for Hydrogen Research Project
by Zacks Equity Research
Westport (WPRT), with its expertise in working with gaseous fuels, will be able to further advance in its forte with the help of the latest project with Scania.
Ford (F) Battles Massive Semiconductor Supply Deficit in India
by Zacks Equity Research
Ford (F) India forecasts the global semiconductor shortage issue, impacting the entire automotive industry, to continue through, at least, the first half of 2021.
Navistar (NAV) to Shut Illinois Facility, Explore New Products
by Zacks Equity Research
Navistar (NAV) to close its Melrose Park facility in Illinois in a bid to use the freed resources for investments in new technologies and products.
Tesla (TSLA) Kick-Starts Indian Journey, Sets Up Subsidiary
by Zacks Equity Research
Tesla's (TSLA) entry in India puts an end to years of wait and will begin an era of electrification in the nation.
Ford (F) Streamlines Business, Shuts Production in Brazil
by Zacks Equity Research
Ford's (F) latest decision is part of the company's $11-billion global restructuring plan which involves turning around the business by exiting loss-making units.
Workhorse (WKHS) Nabs Largest Order for C-Series Electric Vans
by Zacks Equity Research
Workhorse's (WKHS) new agreement with Pride marks the largest individual order to date, helping the company expand into Canada for the first time.
Sneak Peek Into 2020 U.S. Auto Sales and 2021 Outlook
by Rimmi Singhi
While the auto market is expected to recover at a steady pace in 2021, sales are not likely to rebound to 2019 levels until next year.
Fiat (FCAU)-PSA Merger Receives Go-Ahead From Shareholders
by Zacks Equity Research
Fiat's (FCAU) merger with PSA is in sync with its long-term strategy to team up with companies in order to grow scale and consolidate costs.
U.S. Auto Market 2020 Flashback and Looking Ahead to 2021
by Rimmi Singhi
Read on to relive the major stories and trends of the U.S. auto sector in 2020 that managed to grab headlines.
The Zacks Analyst Blog Highlights: Baidu, Tesla, General Motors, Ford and Volkswagen
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Baidu, Tesla, General Motors, Ford and Volkswagen
5 Self-Driving Car Stocks With Massive Upside Potential in 2021
by Zacks Equity Research
The future of driving is autonomous. Stocks, including BIDU, TSLA, GM, F and GOOGL, are well-placed to capitalize on the booming AV market.
4 LIDAR Stocks to Benefit From Self-Driving Car Revolution
by Rimmi Singhi
The global market for LIDAR is expected to witness a CAGR of 22.5% over the 2021-2028 time frame. VLDR, LAZR, ON and VNE are poised to capitalise on AV-driven LIDAR technology.
Volkswagen (VWAGY) Battles Massive Semiconductor Supply Deficit
by Zacks Equity Research
Volkswagen (VWAGY) faces production hurdles as a global supply shortage of semiconductor threatens the auto sector.
Navistar (NAV) Q4 Earnings Top Estimates, Sales Miss Mark
by Zacks Equity Research
While Navistar International's (NAV) earnings beat estimates for the fourth quarter of 2020, profits decline year over year amid coronavirus-led lower demand in core markets.
Magna (MGA), Fisker Ink Agreement for Ocean SUV Production
by Zacks Equity Research
Magna's (MGA) agreement with Fisker marks its debut in contract manufacturing for an EV start-up, allowing the latter to use the company's electric-vehicle platform.
SPAC Merger Becomes the Trendiest EV IPO Route of 2020
by Rimmi Singhi
Many EV firms like Nikola (NKLA) and Hyliion (HYLN), among others, have gone public this year via reverse mergers with SPACs, a faster, simpler and less demanding process than traditional IPOs.
Daimler (DDAIF) to Outlay 70B Euros for Digital, Electrical Revamp
by Zacks Equity Research
Daimler's (DDAIF) latest investment plan outlines the company's efforts to kick start an era of green transportation.
BlackBerry (BB) Stock Soars on AWS Deal for Smart Vehicle Data
by Zacks Equity Research
The transformative deal between BlackBerry (BB) and AWS is likely to redefine the dynamics of the automotive sector.
Volkswagen's (VWAGY) ID.3 Triumphs European EV Sales in October
by Zacks Equity Research
Volkswagen (VWAGY) envisions building a purely-battery enabled car in Europe that will be cheaper than ID.3, available at a price of 20,000-25,000 euros.
Germany Goes All in On EVs: VWAGY, BAMXF and DDAIF in Focus
by Rimmi Singhi
Amid rising popularity of EVs, German auto bigwigs like Volkswagen (VWAGY), Daimler (DDAIF) and BMW (BAMXF) are actively focusing on radically electrifying their line-ups.