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Zacks News
Will Volkswagen's Arm Sweeten its Offer to Buy Navistar?
by Zacks Equity Research
Volkswagen's (VWAGY) revised offer to acquire Navistar gets dismissed but talks regarding the same are still on.
General Motors Takes EV Game a Notch Higher: Factors to Note
by Rimmi Singhi
General Motors' (GM) big plans to capture the EV market are indeed intensifying competition for all major auto players and especially the EV behemoth, Tesla (TSLA).
Fiat (FCAU) Amends Terms of Merger With PSA, Slashes Dividend
by Zacks Equity Research
In the wake of the coronavirus pandemic, Fiat (FCAU) and PSA Group alter the terms of merger agreement, to enhance the liquidity of the merged entity Stellantis.
NIO Reports Record Figures for Vehicle Deliveries in August
by Zacks Equity Research
Rising deliveries, along with a stellar second-quarter performance and promising third-quarter guidance, reflect optimistic growth prospects for NIO.
Tata Motors Deleveraging Goal Sparks Hope: Is it Attainable?
by Zacks Equity Research
Tata Motors (TTM) intends to deleverage the business in three years and become free cash flow positive by fiscal 2022.
Auto Biggies Sidestep Trump, Seal Emissions Deal With CARB
by Rimmi Singhi
The voluntary pact among five major automakers and CARB is made enforceable. Per the deal, the firms are set to comply with tough emission rules, outstripping Trump's weaker curbs on tailpipe pollution.
New Strong Sell Stocks for July 10th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
China Auto Sales Recovery on Shaky Ground: What Lies Ahead?
by Rimmi Singhi
CPCA expects NEV sales in China for second-half 2020 to be significantly higher than the corresponding period of 2019.
Here's How Daimler (DDAIF) is Battling Coronavirus Crisis
by Zacks Equity Research
Daimler (DDAIF) enforces a number of measures, including substantial staffing-level adjustments with its executives facing bigger reductions than rank-and-file workers amid the coronavirus crisis.
Daimler (DDAIF) to Sell Facility in France, Slash Workforce
by Zacks Equity Research
Daimler (DDAIF) plans to slash workforce by more than 10,000 to reduce personnel spending by 1.4 billion euros ($1.6 billion) by 2022.
Motor Show Schedules Turn Topsy-Turvy, Launches Go Digital
by Rimmi Singhi
Amid the coronavirus mayhem, which has caused motor show schedules go haywire, automakers are now aggressively switching from in-person reveals to online events.
Daimler's Mercedes to Recall More Than 660K Vehicles in China
by Zacks Equity Research
Daimler (DDAIF) will begin the recall on Dec 18, which will include several models made between February 2013 and June 2017.
U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?
by Rimmi Singhi
Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.
2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?
by Rimmi Singhi
While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.
BMW, Daimler Suspend Next-Gen Automated Driving Partnership
by Zacks Equity Research
BMW (BAMXF) and Daimler (DDAIF) agree to concentrate on their existing development paths, which will likely include working with new or current partners.
Volkswagen to Up Stake in QuantumScape, Fully Acquire Audi
by Zacks Equity Research
Volkswagen (VWAGY) is set to pump $200 million in QuantumScape to boost the development of solid-state battery technology and agrees to pay $267 million for gaining 100% ownership of the Audi brand.
EV Charging Space on a Roll: Plug in With Confidence
by Rimmi Singhi
The rapid rollout of hundreds of millions of public EV chargers across the world is likely to accelerate EV adoption by making the ownership experience more convenient.
Are Green Shoots of Recovery Emerging in China Auto Sales?
by Rimmi Singhi
Moody's expects auto sales in China to fall 10% year over year in 2020 but increase 2.5% in 2021.
Europe's Sluggish Auto Market Faces Long Road to Recovery
by Rimmi Singhi
LMC Automotive expects Europe auto sales to sink 26% to 10.58 million units in 2020. Last year's volumes are unlikely to be surpassed until 2023.
Germany Ramps Up EV Incentives: What it Means for Carmakers
by Rimmi Singhi
With the latest COVID-19 recovery package, Merkel unveils sweeping incentives for electric cars in Germany.
Will the $8.8B Bailout Bring France Auto Sector Back on Track?
by Rimmi Singhi
President Macron wants France to become the leading producer of clean cars in Europe, and targets to produce more than 1 million electric and hybrid cars per year over the next five years.
Fiat to Secure $6.9B Loan From Intensa, Reopens Mexico Plants
by Zacks Equity Research
Fiat's (FCAU) Italian unit has been working with Intesa Sanpaolo for more than a month now to obtain the state-backed loan, designed to help the company combat the coronavirus crisis.
New Strong Sell Stocks for May 15th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
Carmakers Gear Up to Restart Plants as States Ease Restrictions
by Ritujay Ghosh
With a number of U.S. states now steadily reopening, especially those in the Bay Area, carmakers are contemplating resuming production at their North American facilities.
Coronavirus Crashes China Auto Market: Is There a Ray of Hope?
by Rimmi Singhi
CAAM expects the China auto industry to rebound to at least last year's levels in the second half of the year.