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Zacks News
Tesla Sets Record in Q3 Delivery Count, Trims Model 3 Price
by Zacks Equity Research
Tesla's (TSLA) record deliveries for Q3 reflect a steep year-on-year rise. Also, the price cut of Model 3 is in sync with the company's long-term goal to offer the most affordable EV.
Nissan Expects Profits by 2021 as China's Auto Sales Recover
by Zacks Equity Research
Nissan (NSANY) aims to boost sales and profitability by 2021, with the commitment to expand its foothold in the rebounding China auto market and the target of refreshing the company's vehicle lineup.
Toyota Curbs Expansion Plan in India, Continues to Invest
by Zacks Equity Research
Toyota (TM) will cease expansion in India due to the country's punitive tax structure but will continue with its investment plans.
Is China's Auto Market Finally Out of the Woods?
by Rimmi Singhi
Overall car sales in China increase for the fifth month in a row in August and EV sales in the country witness the second consecutive month of gain.
China Auto Market Gains Traction, EV Sales Snap 12-Month Slump
by Rimmi Singhi
Auto sales in China log the fourth straight month of year-over-year growth in July. Further, EV sales witness the first monthly gain after 12 months of decline.
Auto Stock Roundup: Ford's Q2 China Sales, Asbury-Park Place Deal & More
by Zacks Equity Research
While Ford's (F) second-quarter vehicle sales in China rise 3% year over year, Asbury (ABG) is set to acquire Park Place dealerships.
Nissan Secures $7.8B Funding to Fight Coronavirus Woes
by Zacks Equity Research
The $7.8-billion funding from creditors is set to help finance Nissan's (NSANY) liquidity requirements for countering the rising uncertainties related to the coronavirus crisis.
Auto Sales Plunge in Q2: ETFs & Stocks in Focus
by Sweta Killa
Major automakers reported a more than 30% drop in U.S. auto sales in the second quarter, the biggest plunge since the Great Recession.
Motor Show Schedules Turn Topsy-Turvy, Launches Go Digital
by Rimmi Singhi
Amid the coronavirus mayhem, which has caused motor show schedules go haywire, automakers are now aggressively switching from in-person reveals to online events.
Auto Stock Roundup: General Motors' $223M Contract, Ford-Disney Pact & More
by Zacks Equity Research
While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.
U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?
by Rimmi Singhi
Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.
Nissan to Launch Seven Models in Africa, Create 1200 Jobs
by Zacks Equity Research
Nissan (NSANY) will expand its SUV and cross-over portfolio in Africa with seven new models, of which four will be in the SUV category.
2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?
by Rimmi Singhi
While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.
Gentex (GNTX) Should Be On Your Radar for Long-Term Profits
by Zacks Equity Research
Gentex (GNTX) is poised for long-term growth on the back of superior product offerings, continuous innovation to maintain its market share and balance sheet strength.
Auto Stock Roundup: VWAGY-QuantumScape Deal, TSLA-Panasonic Pact & More
by Zacks Equity Research
While Volkswagen (VWAGY) pumps $200 million in QuantumScape to enhance the development of solid-state battery technology, Tesla (TSLA) inks a new battery supply deal with Panasonic.
Volkswagen to Up Stake in QuantumScape, Fully Acquire Audi
by Zacks Equity Research
Volkswagen (VWAGY) is set to pump $200 million in QuantumScape to boost the development of solid-state battery technology and agrees to pay $267 million for gaining 100% ownership of the Audi brand.
Nissan's (NSANY) Rogue SUV to Finally Hit the Roads This Fall
by Zacks Equity Research
Scheduled to go on sale this fall, Nissan's (NSANY) 2021 Rogue will be offered in three grades (S, SV and SL).
Toyota Vows to Remain Profitable Amid Coronavirus Crisis
by Zacks Equity Research
In order to assist cash-strapped customers, Toyota (TM) is relaxing auto-loan payment deadlines and offering used rental cars instead of new ones.
The Zacks Analyst Blog Highlights: Volkswagen, Toyota, Nissan and Honda
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Volkswagen, Toyota, Nissan and Honda
Japan Auto Sales in Free Fall: No Quick Recovery in Sight
by Rimmi Singhi
Outlook for new vehicle sales in Japan appears gloomy amid weak consumer sentiment and slowdown in economy.
Renault to Combat Coronavirus Crisis on 5B Euro State Backed Loan
by Zacks Equity Research
The financial incentive comes as a breather for Renault (RNLSY), which pledges to slash costs by 2 billion euro and cut about 15,000 jobs worldwide in wake of the coronavirus crisis.
Auto Stock Roundup: NSANY Incurs Biggest Loss in 20 Years, AZO Beats on Q3 Earnings
by Zacks Equity Research
Nissan (NSANY) incurs fiscal 2019 loss of 671.2 billion yen, which marks the worst in two decades. Meanwhile, AutoZone (AZO) tops fiscal Q3 earnings estimates despite coronavirus woes.
Nissan (NSANY) Incurs Loss in FY19, Issues EV Ariya Update
by Zacks Equity Research
Nissan (NSANY) reports net loss of 671.2 billion yen in fiscal 2019, mainly due to the COVID-19 pandemic, which hurt the company's production, sales and other business activities in all regions.
Renault & Nissan Revamp Alliance to Combat Coronavirus Crisis
by Zacks Equity Research
The fortified alliance among Renault (RNLSY), Nissan (NSANY) and Mitsubishi focuses more on efficiency and competitiveness than on volumes.
General Motors' Ultra Cruise for City Streets in the Making
by Zacks Equity Research
General Motors (GM) aims to roll out the new million-mile EV battery, which is more advanced than its new Ultium battery that was unveiled in March.