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Zacks News
General Motors (GM) Suspends '20 Outlook on Coronavirus Scare
by Zacks Equity Research
General Motors (GM) intends to drawdown approximately $16 billion from its revolving credit facilities to deal with the downturn caused by shutdowns in production the amid COVID-19 scare.
Markets Up on Recovery Hopes
by Mark Vickery
We see progress on Capitol Hill, where Treasury Secretary Steve Mnuchin has reportedly agreed to some oversight restrictions on a $500 billion "slush fund" to help corporations remain operational in some manner in the federal recovery effort.
Hopes of a Recovery Boosts Pre-markets
by Zacks Equity Research
Hopes of a Recovery Boosts Pre-markets
Auto Bigwigs Shift Gears to Ventilators Amid Coronavirus Woes
by Rimmi Singhi
As ventilator makers scramble to meet demand, auto biggies like General Motors, Tesla and others are lending a hand in the fight against COVID-19 pandemic.
Coronavirus Bumps Up Grocery Stores Stocks: 3 Best Bets
by Zacks Equity Research
Panic buying food products and groceries from supermarkets coupled with online order placements perks up related stocks amid the market downturn.
Auto Stock Roundup: Disruptions Galore as Coronavirus Cripples the Sector
by Zacks Equity Research
Amid uncertainty due to COVID-19 pandemic, the auto industry is reeling under factory closures, dividend suspensions and guidance withdrawal.
Ventilator Stocks Next Big Thing in Coronavirus-Hit Market?
by Urmimala Biswas
Tesla's Elon Musk holds discussion regarding ventilators production with Medtronic, likely to set foot in the ventilator-manufacturing space.
Is the Options Market Predicting a Spike in General Motors (GM) Stock?
by Zacks Equity Research
Investors need to pay close attention to General Motors (GM) stock based on the movements in the options market lately.
Coronavirus Bumps Up Grocery Stores Stocks: 4 Best Bets
by Manaswita Ghosh Dutta
"Panic buying" food products and groceries from supermarkets coupled with online order placements perks up related stocks amid the market downturn.
Ford (F) Taps Brakes on Dividend Payout, Withdraws '20 View
by Zacks Equity Research
Ford (F) plans to borrow $13.4 billion under corporate credit facility and an additional $2 billion under supplemental credit facility.
General Motors (GM) Soars: Stock Adds 5.4% in Session
by Zacks Equity Research
General Motors (GM) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
Ford Suspends Dividend Amid Coronavirus: Will Others Follow?
by Rimmi Singhi
Given the dreary scenario, many companies might be prompted to slash or suspend payouts in a bid to conserve cash.
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
Automakers Put Brakes on US Production Amid Coronavirus Scare
by Zacks Equity Research
Automakers need to brace up for a prolonged period of weakness, with sales likely to face the heat at least till the first half of this year.
Ford's Chicago Plant Shut Temporarily Over Coronavirus Scare
by Zacks Equity Research
Also, Ford (F) temporarily suspends vehicle and engine productions at its manufacturing sites in continental Europe to prevent the spread of Coronavirus.
Coronavirus to Deal a Mighty Blow to U.S. Auto Industry
by Rimmi Singhi
With a great deal of uncertainty over the state of the economy, consumers are likely to put off car purchases, which is anticipated to impact earnings and sales of auto companies.
Westport Halts Production in Italy for Now on Coronavirus Scare
by Zacks Equity Research
Westport (WPRT) plans to reassess the suspension of production at the Italy plant in two weeks' time.
Coronavirus Puts Brakes on Fiat's (FCAU) Production in Europe
by Zacks Equity Research
Fiat's (FCAU) updated production plan will lead to the shutdown of the company's facilities in Italy, Serbia and Poland until Mar 27.
Auto Stock Roundup: TSLA's One Millionth Car, CNHI's Potenza Buyout & More
by Zacks Equity Research
While Tesla (TSLA) hits an important milestone with the manufacture of one millionth car, a Model Y, CNH Industrial (CNHI) acquires Potenza Technology to step up electrification efforts.
Things Investors Should Note Ahead of NIO's Q4 Earnings
by Zacks Equity Research
While rising deliveries are expected to have positively impacted NIO's revenues, escalating R&D and SG&A costs are likely to have dented operating margins.
Cummins (CMI) Slips to 52-Week Low: What's Dragging it Down?
by Zacks Equity Research
Coronavirus takes a toll on Cummins (CMI) amid the already challenging trucking market, pushing the stock further in the red territory.
CNH Industrial to Enhance Productivity With Potenza's Buyout
by Zacks Equity Research
The acquisition of Potenza will enable CNH Industrial (CNHI) to accelerate the development of sustainable electric powertrains across a range of operating segments.
New York Auto Show Falls Victim to Coronavirus Outbreak
by Rimmi Singhi
The New York International Auto Show has now been postponed to August amid coronavirus concerns.
February EV Sales in China Drop Massively: Pain to Prevail?
by Rimmi Singhi
February marks the 8th straight month of China EV sales decline and there seems to be no quick turnaround in sight.
Fiat to Temporarily Shut Italy Plants Due to Coronavirus
by Zacks Equity Research
Fiat (FCAU) to temporarily halt operations at Pomigliano, Melfi, Atessa and Cassino plants in Italy.