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Zacks News
Wabash (WNC) Soars 8.9%: Is Further Upside Left in the Stock?
by Zacks Equity Research
Wabash (WNC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
BMW AG (BAMXF) Announces Ambitious EV Plans in China, Austria
by Zacks Equity Research
The BMW AG Group (BMW) is set to achieve EV targets in China and Austria. With an investment of $2.24B, the China plant will bolster EV capacity. BMW will also invest $1B in electric powertrain in Austria.
Ford's (F) Valencia Unit to Enhance EV Efforts in Europe
by Zacks Equity Research
Ford (F) spearheads the electrification drive in Europe with the newly selected Valencia plant in Spain and its ongoing investment of $2 billion in Cologne, Germany.
Tesla (TSLA) to Cut 10% Salaried Jobs, Raise Hourly Staffing
by Zacks Equity Research
Tesla (TSLA) to lay off 10% of its salaried workforce. It will add to its hourly headcount instead, as its expansion has been beyond the requirement.
General Motors' (GM) BrightDrop Supplies 150 E-Vans to FedEx
by Zacks Equity Research
General Motors' (GM) tech startup BrightDrop delivers the first e-delivery vehicles to FedEx. GM will suspend production of its Hummer EV unit in Michigan for four weeks due to re-modeling work.
Michelin (MGDDY) & Hyundai Ink Deal for Sustainable EV Tires
by Zacks Equity Research
Michelin (MGDDY) extends its partnership with Hyundai to produce premium eco-friendly tires for the latter's EVs.
General Motors (GM) Increases High-End Hummer EV's Price
by Zacks Equity Research
General Motors (GM) raises Hummer EV's price, which already has a high price value, in the face of severe cost inflation in raw material, parts and technology and logistics.
NIO Introduces Premium EV ES7 in China as its Fastest SUV
by Zacks Equity Research
NIO unveils its fastest SUV, ES7, in China. The vehicle comes with ultra-modern features and seeks to provide a path-breaking experience.
Tesla (TSLA) Hikes Prices of EVs Again, Model X Up by $6,000
by Zacks Equity Research
Tesla (TSLA) issues price increases once again on the back of growing inflation and supply chain roadblocks. The price of its Model X goes up as much as $6,000.
Is the Options Market Predicting a Spike in Wabash (WNC) Stock?
by Zacks Equity Research
Investors need to pay close attention to Wabash (WNC) stock based on the movements in the options market lately.
General Motors (GM) to Invest $81M in Premium Cadillac Celestiq
by Zacks Equity Research
General Motors (GM) to invest $81 million in the Cadillac Celestiq electric cars to pivot the brand among the top-notch EV providers in the auto industry.
Ford (F) Recalls Nearly 3M Vehicles in US Over Gear Issues
by Zacks Equity Research
Ford (F) issues recall of nearly 3 million vehicles in the United States on malfunctioning gear that makes parked vehicles roll over and increase the chances of accidents.
Ford (F) Recalls 48K+ Mustang Mach-E in US Over Battery Hitch
by Zacks Equity Research
Ford (F) issues recall of more than 48K Mustang Mach-E vehicles in the United States on grounds of battery overheating that can lead to potential power loss and increase the chances of accidents.
Stellantis (STLA) Jeep to Go All-Electric in Europe by 2022-End
by Zacks Equity Research
Stellantis' (STLA) brand, Jeep, plans to transition into the sale of fully electric vehicles in Europe by year-end. However, its plan for the same in the US market looks bleak in the near term.
Electric Last Mile (ELMS) to Declare Bankruptcy Post Rough Run
by Zacks Equity Research
Electric Last Mile (ELMS) states that it will file for insolvency just a year after its Nasdaq debut as it battles risks of running out of cash.
Here's Why You Should Hold Harley-Davidson (HOG) Stock Now
by Zacks Equity Research
Harley-Davidson (HOG) gains from its product strategies and rebranding but faces supply-chain challenges and soaring capex requirements.
Tesla (TSLA) Faces Tough Probe for Autopilot Hitch in Vehicles
by Zacks Equity Research
Tesla (TSLA) comes under the US federal regulators' scrutiny over an investigation into its malfunctioning Autopilot feature that has resulted in multiple crashes and one fatality in recent times.
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.
Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires
by Zacks Equity Research
Goodyear (GT), led by mounting pressure from the NHTSA, announces a recall of 2-decade old 173,000 G159 RV tires that have been causing serious troubles in the operation of RVs.
Mercedes (DDAIF) Recalls Nearly 1M Vehicles Over Braking Hitch
by Zacks Equity Research
Mercedes (DDAIF) issues a recall impacting nearly 1 million vehicles, including SUVs and minivans on a potential braking problem that may lead to accidents.
Mazda (MZDAY) to Make Factories Carbon Neutral Globally by 2035
by Zacks Equity Research
Mazda (MZDAY) commits to transforming into carbon-neutral factories worldwide by 2035. It has a plan to make its supply chain completely sustainable by 2050.
General Motors' (GM) Cruise Gets Nod for Commercial Robot Taxis
by Zacks Equity Research
General Motors' (GM) driver-less unit Cruise gets approval from California Public Utilities Commission for commercial driverless robot taxi rides in San Francisco.
Stellantis (STLA) Inks Deal With CTR for Lithium Hydroxide Supply
by Zacks Equity Research
Stellantis (STLA) and Controlled Thermal Resources partner for lithium hydroxide from CTR for STLA's BEVs to aim for sustainability.
Ford (F) to Invest $3.7B, Add 6.2K-Plus UAW Jobs in 3 States
by Zacks Equity Research
Ford (F) plans to invest $3.7 billion and create over 6,200 new UAW jobs in Ohio, Missouri and Michigan. The initiatives are part of the company's Ford+ growth strategy.
Stellantis (STLA), Toyota Motor Europe to Bolster LCV Partnership
by Zacks Equity Research
Stellantis (STLA) together with Toyota Motor Europe will expand their ties through an agreement over a new large LCV. The pact will solidify EV efforts for both.