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Zacks News
BorgWarner (BWA) Makes $62M Electrification Bet in US Facilities
by Zacks Equity Research
BorgWarner (BWA) invests $62M in South Carolina and Michigan facilities, bolstering battery production and EV capabilities. Uncover how these strategic moves are likely to impact the company's growth prospects.
Will XPeng's (XPEV) SEPA2.0 Act as a Game Changer for the Stock?
by Zacks Equity Research
Read on to know how XPeng's (XPEV) groundbreaking SEPA2.0 technology architecture is set to revolutionize the EV market and drive the stock to new heights.
Blink and Catalyst Power Boost EV Charging for Businesses
by Zacks Equity Research
Blink Charging (BLNK) partners with Catalyst Power to expand EV charging services in Northeast and Mid-Atlantic, unlocking growth potential for businesses and boosting BLNK stock prospects.
Ford (F) to Invest C$1.8B in Oakville Manufacturing Site
by Zacks Equity Research
Ford (F) plans to transform Oakville Assembly Complex into a Canada electric vehicle manufacturing hub. The retooling and transformation will begin in the second quarter of 2024.
Blink Charging's (BLNK) Blue Corner Signs Agreement With APCOA
by Zacks Equity Research
Blink Charging's (BLNK) Blue Corner signs a four-year contract with APCOA for deploying and maintaining its chargers in Belgium's parking facilities.
CarMax's (KMX) Q4 Earnings Beat Estimates, Sales Down Y/Y
by Zacks Equity Research
CarMax's (KMX) Q4 earnings beat estimates on higher-than-anticipated gross profit per unit in the used and wholesale vehicle segments.
Tesla (TSLA) Slashes Price Across the Entire Lineup in US
by Zacks Equity Research
Tesla (TSLA) cut prices of its Model 3, S, X and Y by nearly 2%-6% in the United States. It plans to build a Megapack factory in Shanghai.
Stellantis (STLA) Unveils 2025 Ram 1500 REV With Two Options
by Zacks Equity Research
Stellantis' (STLA) 2025 Ram 1500 REV to be offered in two choices with a targeted range of up to 500 miles.
Volkswagen (VWAGY) to Recall 143,000 SUVs Over Airbag Defect
by Zacks Equity Research
Volkswagen (VWAGY) is recalling 143,000 Atlas SUVs due to a defect in the front passenger-side airbag.
A Glimpse Into Toyota (TM) & Honda's (HMC) US Sales in Q1
by Zacks Equity Research
While Toyota's (TM) Q1 US vehicle sales drop 8.8% y/y to 469,558 vehicles, Honda's (HMC) sales rises 6.8% to 284,507 vehicles.
Cummins (CMI) to Invest $1B Across US Manufacturing Sites
by Zacks Equity Research
Cummins (CMI) to invest $1 billion to support the industry's first fuel-agnostic engine platforms operating on low-carbon fuels to help decarbonize the U.S. truck fleets.
Nikola (NKLA) to Raise $100M to Keep Up With Rising Costs
by Zacks Equity Research
Nikola (NKLA) plans to sell 29.9 million shares in a traditional public offering and 59.9 million shares to Antara Capital to raise $100 million to cover high production costs.
Tesla (TSLA) Q1 Deliveries Hit a New Record, Rise 4% Q/Q
by Zacks Equity Research
Tesla (TSLA) produces 440,808 and delivers 422,875 vehicles in the first quarter of fiscal 2023.
PACCAR (PCAR) Makes Equity Investment in Platform Science
by Zacks Equity Research
PACCAR's (PCAR) minority equity investment in integrating Platform Science's Virtual Vehicle technology with the PACCAR Connect telematics system will simplify the vehicle I.T. environment.
Blink Charging (BLNK) Receives MAS Contract From US GSA
by Zacks Equity Research
Blink Charging's (BLNK) stock rallies after securing a MAS contract that makes buying EV charging equipment easier for government and agency customers.
Nikola (NKLA) Receives 100 Sale Orders for Class 8 FCEV
by Zacks Equity Research
Nikola (NKLA) and its dealer receive a 100-unit sales order for Class 8 Nikola Tre hydrogen FCEVs. The company appoints Anastasiya Pasterick as Nikola's new CFO.
Allison (ALSN) to Equip AM General's A2 Version of JLTV
by Zacks Equity Research
Allison (ALSN) has been selected by the U.S. Army to provide Allison 2500 Speciality Series transmission for AM General's A2 Version of JLTV.
Lucid (LCID) Recalls 640 Air EVs Due to Electric Motor Issues
by Zacks Equity Research
Lucid (LCID) estimates that, out of 640 affected vehicles, 6% have the defect. The company plans to lay off 1,300 employees by the end of the second quarter.
Ford (F) to Build Electric Truck 'Project T3' at BlueOval
by Zacks Equity Research
Ford (F) and partner SK On are investing $5.6 billion in the BlueOval City Plant, which will be capable of building 500,000 EVs per year, starting with its next-generation electric truck, 'Project T3'.
The Zacks Analyst Blog Highlights: Li Auto, NIO, XPeng and Geely Automobile
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Li Auto, NIO, XPeng and Geely Automobile
IPO Saga in Auto World Continues: Rivian the Latest Aspirant
by Pooja Dhona
Amid the trending excitement in the market surrounding IPOs, Amazon (AMZN) and Ford (F)-backed Rivian aspires to raise the much-needed money to carve a niche in the growing EV sector.
Auto Stock Roundup: General Motors (GM) Dominates the Week's Top Stories
by Rimmi Singhi
General Motors (GM) hogs the limelight with ambitious growth plans laid out at its Investor Day. Read on for other important stories that made headlines last week.
Geely's (GELYY) Volvo Recalls More Than 460K Cars Over Faulty Airbag
by Zacks Equity Research
Geely (GELYY)-owned Volvo recalls 460,769 vehicles involving the S80 sedan from the 2001 to 2006 model years, and the S60 sedan from the 2001 to 2009 model years.
Toyota (TM) to Invest in Indiana, Revs Up Electrification Goals
by Zacks Equity Research
The new SUVs to be developed at Indiana will help Toyota (TM) move closer to its commitment of achieving carbon neutrality by 2050.
New Strong Sell Stocks for March 26th
by Zacks Equity Research
BCPC, GELYY, QIWI, TJX, and RPAI have been added to the Zacks Rank #5 (Strong Sell) List on March 26, 2021