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Zacks News
Is BorgWarner's $3.3B Buyout of Delphi Technologies at Risk?
by Zacks Equity Research
BorgWarner (BWA) issues notice to Delphi after the latter violates agreement by drawing down its full $500-million revolving credit facility.
CNH Industrial Shuts American Plants, Withdraws 2020 View
by Zacks Equity Research
CNH Industrial (CNHI) withdraws 2020 guidance amid significant deterioration of the macro-economic environment triggered by the coronavirus outbreak.
Here's What Penske is Doing to Fight Coronavirus Crisis
by Zacks Equity Research
Penske (PAG) enforces proactive measures, including cost cuts, staffing-level adjustments and postponement of an estimated $150 million in capital expenditures to combat the coronavirus crisis.
Here's What Group 1 is Doing to Combat Coronavirus Crisis
by Zacks Equity Research
The coronavirus outbreak has hit businesses in all three markets of Group 1 (GPI), with many dealership operations being suspended or significantly reduced.
Ford Suspends Production at IMG Sites on Coronavirus Scare
by Zacks Equity Research
Ford (F) temporarily suspends vehicle and engine production at its manufacturing sites in India, Vietnam, Thailand and South Africa amid coronavirus concerns.
Cummins Temporarily Closes Indiana Plant, Withdraws '20 View
by Zacks Equity Research
Cummins (CMI) withdraws 2020 guidance amid lower commercial truck production in North America and plant shutdowns by various OEMs in Europe.
Cooper Tire Shuts US Manufacturing Plants on Coronavirus Scare
by Zacks Equity Research
Cooper Tire (CTB) production halt at its plants will proceed on a rolling schedule over the coming week, with facilities expected to be closed for two to three weeks.
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.
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.
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.
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.
Coronavirus Puts Brakes on General Motors' Lyriq EV Launch
by Zacks Equity Research
General Motors (GM) is re-evaluating plans for rolling out the Lyriq, which was scheduled to debut on Apr 2, 2020 in Los Angeles.
Honda's (HMC) February Sales Volume Climbs 4.2% Y/Y in US
by Zacks Equity Research
Honda (HMC) witnesses record February sales volume in the Honda and Acura divisions in the United States, the total unit sales being 120,006.
Auto Stock Roundup: TM Invests in Pony.ai, ADNT Trims View & More
by Zacks Equity Research
While Toyota (TM) steers $400 million to self driving startup Pony.ai, Adient (ADNT) narrows its 2020 view amid coronavirus concerns.
Coronavirus Concerns Further Plague China Auto Industry
by Rimmi Singhi
Amid coronavirus, the China auto industry has taken a severe beating of late, with shutdown of factories, dealerships with less customer traffic, supply-chain disruption and annual motor show delay.
CARZ ETF Gains on Tesla's Rally Despite Mixed Auto Earnings
by Sweta Jaiswal, FRM
Tesla's relentless rally is providing support to the automobile ETF amid mixed earnings results.
The Zacks Analyst Blog Highlights: Toyota, Honda, Tesla, Goodyear Tire and AutoNation
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Toyota, Honda, Tesla, Goodyear Tire and AutoNation
Auto Stock Roundup: TM Beats, HFC Misses, TSLA Issues Recall & More
by Zacks Equity Research
While Toyota (TM) tops earnings estimates in third-quarter fiscal 2020, Honda (HMC) lags the same. Meanwhile, Tesla (TSLA) issues recall for most of the Model X SUVs built before mid-October 2016.
Stock Market News for Feb 10, 2020
by Zacks Equity Research
Concerns about widespread impact of coronavirus on Chinese and global economy overshadowed stronger-than-expected U.S. jobs report, dragging benchmarks into negative territory on Friday.
Honda (HMC) Lags Q3 Earnings & Sales Estimates, Ups View
by Zacks Equity Research
Honda (HMC) expects earnings per share to be 339.64 Japanese yen at the end of fiscal 2020, up from the prior expectation of 329.64 yen.
Auto Stock Roundup: GM Beats, F Misses, TSLA & CATL Ink Deal and More
by Zacks Equity Research
While U.S. auto giants General Motors (GM) and Ford (F) post Q4 earnings beat and miss, respectively, Tesla (TSLA) signs a two-year deal with China's battery supplier CATL.
Has the Correction in Tesla ETFs Begun?
by Sanghamitra Saha
Tesla's shares slumped on coronavirus fears. But this could be an entry point to Tesla-rich ETFs.
Should Value Investors Consider Honda Motor (HMC) Stock Now?
by Zacks Equity Research
Honda Motor (HMC) is a good value-oriented pick for investors from all angles.