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Zacks News
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.
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.
FOXF vs. TSLA: Which Stock Should Value Investors Buy Now?
by Zacks Equity Research
FOXF vs. TSLA: Which Stock Is the Better Value Option?
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.
Wall Street Analysts Believe Fox Factory Holding (FOXF) Could Rally 45%: Here's is How to Trade
by Zacks Equity Research
The mean of analysts' price targets for Fox Factory Holding (FOXF) points to a 44.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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.
Tata Motors (TTM) Inks MoU to Acquire Ford's (F) Gujarat Factory
by Zacks Equity Research
Tata Motors (TTM) is set to take over Ford's (F) manufacturing unit in Gujarat. The deal would provide a boost to Tata Motors' passenger and EV production capacity.
Nissan (NSANY) Halts New Orders for Ariya SUV on Supply Issues
by Zacks Equity Research
Nissan (NSANY) announces a pause in further orders of its Ariya SUV due to supply chain challenges that have been ongoing in Japan in the light of a recent spike in COVID-19 infections.
Here's Why You Should Buy Group 1 (GPI) Stock Right Now
by Zacks Equity Research
Group 1 (GPI) gains on its omni-channel business, acquisitions and strong segmental sales growth.