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Zacks News
NIO Halts EV Deliveries in China Over Covid-Led Supply Issues
by Zacks Equity Research
NIO announces temporary suspension of customer deliveries in China led by a resurgence of Covid curbs that weigh on the supply chain.
Tesla (TSLA) Recalls More Than 127K EVs, Hikes Model 3 Price
by Zacks Equity Research
Tesla (TSLA) recalls 127,785 vehicles in China over potential faults in semiconductor components that might lead to collisions. It also hikes the price of Model 3 for the third time in about a month.
Mercedes-Benz (DDAIF) Reports U.S. Auto Sales Numbers for Q1
by Zacks Equity Research
Mercedes-Benz USA, the parent company of Mercedes-Benz Group (DDAIF) sells 75,939 vehicles in the first quarter of 2022, down 15.5% year over year.
Sonic Automotive (SAH) Adds Raleigh to its EchoPark Footprint
by Zacks Equity Research
Sonic (SAH) expands its popular EchoPark auto brand by adding a new facility in Raleigh, making it the 3rd unit in the state. It looks for long-run momentum through Echopark's expansion efforts.
Ford's (F) Q1 U.S. Vehicle Sales Decline Y/Y on Chip Crisis
by Zacks Equity Research
Ford (F) faces the brunt of the chip crisis as Q1 sales decline 17% year over year. March sales rise marginally from the prior month on the back of improved inventory.
General Motors (GM) to Roll Out 1st Canadian EV Plant in Ontario
by Zacks Equity Research
As part of General Motors' (GM) ambitious EV targets, the company is soon to launch the first EV manufacturing unit in Canada as well as restart operations at its Oshawa plant in Ontario.
General Motors (GM) Gets Above 65K Reservations for Hummer EV
by Zacks Equity Research
General Motors (GM) receives a whopping 65,000 reservations for the electric Hummer pickup. GM plans to ramp up production to cater to the demand surge.
Ford (F) Introduces Off-Road Variant 2023 F-150 Rattler
by Zacks Equity Research
With its premium offering, the all-new off-road truck package F-150 Rattler, Ford (F) is set to break ground in the F-150 series pickup series.
LCI (LCII) Stock Jumps 7.4%: Will It Continue to Soar?
by Zacks Equity Research
LCI (LCII) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
General Motors (GM) Works on Organization & Leadership Change
by Zacks Equity Research
General Motors (GM) sets up an organization to bolster EV efforts. Its changes in leadership positions are expected to steer the company's growth.
General Motors (GM) Halts Production at Indiana Over Chip Crisis
by Zacks Equity Research
Battered by a severe chip shortage, General Motors (GM) orders production suspension at the Indiana plant for 2 weeks next month.
Oshkosh's (OSK) Defense Arm Gets 1st NGDV Fleet Order From USPS
by Zacks Equity Research
Oshkosh's (OSK) defense division receives an order for NGDV fleet consisting of a minimum of 10,019 BEVs from the U.S. Postal Service.
Ford (F) & General Motors (GM) Announce Series of Recalls
by Zacks Equity Research
Ford (F) and General Motors (GM) issue major recalls over brake fluid leak and broken windscreen, and extra glaring headlights, respectively.
Wall Street Analysts Believe LCI (LCII) Could Rally 38%: Here's is How to Trade
by Zacks Equity Research
The mean of analysts' price targets for LCI (LCII) points to a 38.4% 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.
Volkswagen (VWAGY) to Break Ground with ID.Buzz, OTA 3.0 Software
by Zacks Equity Research
Volkswagen's (VWAGY) North American investment of $7.1 billion including ID.Buzz will likely aid its presence in the EV space. Its OTA 3.0 software update's advanced features promise a novel experience.
General Motors (GM) to Acquire SoftBank's Stake in Cruise
by Zacks Equity Research
General Motors' (GM) investment in SoftBank's equity ownership of the self-driving car Cruise seeks to create shareholder value and strengthen GM's financials.
Honda's (HMC) to Invest $1.38B in CR-V Hybrid Model in Canada
by Zacks Equity Research
Honda (HMC) will invest $1.38 billion in its Canada plants to manufacture the next generation 2023 CR-V Hybrid model to make a mark in the EV domain.
General Motors (GM) to Deliver Cadillac's 1st Luxury EV Lyriq
by Zacks Equity Research
General Motors (GM) is prepared to deliver Cadillac's Lyriq in May, but the ongoing chip crisis may hurt volumes. It noted that most of its dealers are equipped to sell the vehicle by May.
Tesla (TSLA) Hikes Prices Across Entire EV Range on Rising Costs
by Zacks Equity Research
Tesla (TSLA) hikes prices across its entire EV lineup due to rising metal costs and the Russia-Ukraine war-led supply disruptions. Its cheapest car now costs nearly $47K.
The Zacks Analyst Blog Highlights Ford Motor, Harley-Davidson, LCI Industries, and Tesla
by Zacks Premium Research
Ford Motor, Harley-Davidson, LCI Industries, and Tesla are part of Today's Analyst article.
Toyota (TM) Halts Operations in China Amid New COVID Lockdown
by Zacks Equity Research
Toyota (TM) orders suspension of operations in China until further notice in response to government-imposed lockdown and restrictions.
Ford (F) Impresses With New Electrification Efforts in Europe
by Zacks Equity Research
Ford (F) announces a joint venture as part of its diligent efforts to move toward a future of electrified mobility in Europe by 2026.
Ford (F) Partners for F-150 Capabilities Amid Likely Sales Fall
by Zacks Equity Research
Ford (F) sales rumored to slip due to intensifying production setbacks. However, it has partnered with PG&E for home and grid powering with its F-150 EV model.
Here's Why You Should Hold on to LKQ Stock for the Moment
by Zacks Equity Research
LKQ gains from buyouts that aid sales. Low leverage and high liquidity strengthen its balance sheet. High R&D costs, chip crisis, and lower prices for precious metal and scrap steel are headwinds.
Reasons to Hold On to Genuine Parts (GPC) Stock For Now
by Zacks Equity Research
Genuine Parts (GPC) is in an advantageous position from buyouts that promise synergies and rise in revenues, but is facing the brunt of rising SG&A and unfavorable forex.