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Zacks News
Volkswagen (VWAGY), Umicore JV to Boost EV Batteries in Europe
by Zacks Equity Research
Volkswagen's (VWAGY) battery business, PowerCo, forms a JV with Umicore for domestic and closed-loop supply chains in Europe for cathode material production.
EV Roundup: Updates From GM, F, and TSLA Take the Spotlight
by Rimmi Singhi
While General Motors (GM) inks deals to boost its EV game, Ford (F) begins construction of its $5.6 billion EV plant in Tennessee. Tesla's (TSLA) recall and output ramp-up in Germany also draw attention.
Volksagen (VWAGY) to Bolster ID.Buzz Capacity on Demand Surge
by Zacks Equity Research
Volkswagen's (VWAGY) newly launched all-electric ID.Buzz van stirs demand wave with preorders catapulting to the near total capacity. Volkswagen is set to ramp up production by '22-end.
Porsche's IPO Plan Puts These ETFs in Focus
by Sanghamitra Saha
Volkswagen AG, on Sep 5. announced that it would float its celebrated sports car maker, Porsche Automobil Holding SE, in what could be one of Europe's largest initial public offering.
Germany Auto Market Faces a Rough Road Amid Big EV Push
by Rimmi Singhi
While vehicle sales in Germany rise 3% y/y in August, it's no cause for optimism as the auto market of the country is on a bumpy road amid severe supply chain snafus and a weakening economy.
The Zacks Analyst Blog Highlights Volkswagen, Arista Networks, Albemarle and ST Microelectronics
by Zacks Equity Research
Volkswagen, Arista Networks, Albemarle and ST Microelectronics are included in this Analyst Blog.
CPI Data Arrives Tuesday Morn: Global Week Ahead
by John Blank
Tuesday's U.S. inflation data is one of the last -- and perhaps the most important -- pieces of data that will help the Fed decide how aggressively it needs to hike rates in September.
Auto Roundup: CPRT's Quarterly Results, GPI's Portfolio Optimization & More
by Rimmi Singhi
Copart (CPRT) delivers a strong show in fourth-quarter fiscal 2022. Group 1 (GPI) strengthens its UK portfolio with the buyout of Essex-based BMW/MINI dealership.
Volkswagen (VWAGY) to Proceed With Porsche IPO Amid Market Woes
by Zacks Equity Research
Volkswagen (VWAGY) announces upcoming Porsche IPO, giving the latter more control over company decisions. Porsche's expected valuation is $60-$80 billion.
Keysight (KEYS) Solutions to Power Scania R&D Unit in Sweden
by Zacks Equity Research
The customized turnkey battery laboratory solution from Keysight (KEYS) will enable the Volkswagen division's effective battery testing and tailored deployment.
Volkswagen (VWAGY) ID.4 SUV Production in US to Create 1K+ Jobs
by Zacks Equity Research
Volkswagen (VWAGY) begins producing ID.4 SUV at its Tennessee plant and hopes to generate more than 1K jobs. It is the first time the crossover SUV is assembled on US soil instead of Europe.
Volkswagen (VWAGY) CEO to Resign, Porsche CEO to Take Over
by Zacks Equity Research
Volkswagen (VWAGY) CEO, Herbert Diess, will step down after ongoing tussle with labor unions over his strategies. Persistent software issues worsen matters. Porsche's CEO to take over from Sep 1.
Are Investors Undervaluing Volkswagen (VWAGY) 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.
NIO Power Day 2022 & VWAGY's $20B Battery Bet Rule EV Roundup Headlines
by Rimmi Singhi
NIO introduces new 500 kW ultra-fast-chargers and 3rd gen battery swap stations at its Power Day 2022. Meanwhile, VWAGY revs its EV battery game with an investment of $20.38 billion.
Are Investors Undervaluing Mazda Motor (MZDAY) 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.
EV Roundup: TSLA's Q2 Deliveries, VWAGY's ID. Aero Concept & More
by Rimmi Singhi
Tesla's (TSLA) Q2 deliveries decline from Q1 levels but rise year over year. Meanwhile, Volkswagen's (VWAGY) sale of a minority stake in Electrify America to Siemens also grabs attention.
Keysight (KEYS) Solutions to Enable Scania Transition to EV
by Zacks Equity Research
The customized turnkey battery laboratory solution from Keysight (KEYS) will enable Scania's effective battery testing and tailored deployment.
Volkswagen (VWAGY) to Sell Minority Stake in Electrify America
by Zacks Equity Research
Volkswagen (VWAGY) to sell stake in its Electrify America subdivision to Siemens for $2 billion. It launches its all-electric sedan, ID. Aero Concept.
Russia Vehicle Sales Continue to Plummet: Rough Road Ahead
by Rimmi Singhi
Vehicle sales in Russia drop to a historic low in May, with only 24,268 vehicles sold, marking a year-over-year drop of 83.5%. AEB expects vehicle sales in the country to shrink at least 50% in 2022.
Auto Roundup: TSLA's Autopilot Probe, THO's Earnings Beat Streak & More
by Rimmi Singhi
Scrutiny over Tesla's (TSLA) Autopilot function escalates with 830,000 cars under investigation. Meanwhile, Thor (THO) pulls off an earnings surprise for the ninth straight time in Q3.
Volkswagen's (VWAGY) $22M Battery Lab to Bolster EV Initiatives
by Zacks Equity Research
Volkswagen (VWAGY) opens its first-of-its-kind Battery Engineering Lab in Tennessee to conduct extensive research on EV batteries and expedite its EV efforts.
Auto Roundup: VWAGY and STLA to Pay Emissions Fines, TM Cuts Output Target & More
by Rimmi Singhi
Volkswagen (VWAGY) and Stellantis (STLA) agree to pay settlement fines of $242 million and $300 million, respectively, over emission scandals. Toyota (TM) cuts its June production target by 150,000 units.
Volkswagen AG Unsponsored ADR (VWAGY) Upgraded to Strong Buy: What Does It Mean for the Stock?
by Zacks Equity Research
Volkswagen AG Unsponsored ADR (VWAGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Best Income Stocks to Buy for May 27th
by Zacks Equity Research
DSX, CPLP, and VWAGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 27, 2022.
Volkswagen (VWAGY), Stellantis (STLA) to Pay Hefty Settlement Fees
by Zacks Equity Research
Volkswagen (VWAGY) and Stellantis (STLA) announce that they will pay settlement fines of $242 million and $300 million, respectively, over emission scandals.