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Zacks News
CarMax Gains From Robust Used-Car Market, Store Expansion
by Zacks Equity Research
CarMax (KMX) focuses on expansion by opening stores in new and existing markets.
Tesla's Q1 Deliveries Tumble With International Expansion
by Zacks Equity Research
Long transit time hampers Tesla's (TSLA) vehicle deliveries as it starts delivering Model 3 globally.
Ford (F) Launches Hybrid Models to Revive Europe Business
by Zacks Equity Research
Ford (F) announces plug-in hybrid and battery-powered models for Europe to recover from losses incurred in the region.
Veoneer (VNE) Looks Good: Stock Adds 6.2% in Session
by Zacks Equity Research
Veoneer (VNE) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
Lear (LEA) to Acquire Xevo to Expand Connectivity Offerings
by Zacks Equity Research
This acquisition is likely to combine the e-commerce vehicle platform technology of Xevo with Lear's (LEA) proficiency in electronic systems.
Standard Motor (SMP) Acquires Stoneridge's Pollak Business
by Zacks Equity Research
Standard Motor's (SMP) acquisition of Stoneridge's Pollak business to enhance growth opportunities in the OE/OES, heavy-duty and commercial vehicle markets.
Cooper-Standard to Focus on Core Units With AVS Divestment
by Zacks Equity Research
Cooper-Standard's (CPS) divestment of the AVS unit is likely to generate approximately $220-$225 million in net cash proceeds.
General Motors to Sell Closed Car Factory in South Korea
by Zacks Equity Research
Myoungshin is set to buy General Motors' (GM) closed facility in South Korea in a bid to engage in contract manufacturing of electric vehicles.
Lear (LEA) Invests in Maniv to Enhance Mobility Technology
by Zacks Equity Research
Lear (LEA) opts for strategic collaborations to drive mobility.
Winnebago (WGO) Earnings and Revenues Beat Estimates in Q2
by Zacks Equity Research
Winnebago's (WGO) revenues decrease 7.6% year over year to $432.7 million in the second quarter of fiscal 2019.
General Motors (GM) Plans to Invest $300M in Orion Plant
by Zacks Equity Research
General Motors (GM) aims to invest in the development of future technologies. This is likely to create several jobs.
Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
by Zacks Equity Research
Goodyear's (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.
General Motors (GM) to Invest $2.7B in Sao Paolo Factories
by Zacks Equity Research
The reversal of stance by General Motors (GM) saves 65,000 workers, who are directly and indirectly employed by it.
Ford (F) Decides to Reduce Workforce Across Germany & UK
by Zacks Equity Research
Ford (F) plans to cut more than 5,000 jobs in Germany and slash workforce in the U.K. to reduce costs and revive the business in Europe.
Dana Launches Trac-Lok Differential for Medium-Duty Trucks
by Zacks Equity Research
Dana (DAN) introduces differential for Spicer S140 single drive axles for use in Class 6 applications.
Tesla (TSLA) Unveils All-electric Model Y for Popular Segment
by Zacks Equity Research
Tesla (TSLA) is eager to enter the mainstream vehicle market. It anticipates generating huge amount of cash for debt repayment.
CNH Industrial (CNHI) Signs Euro 4B Revolving Credit Facility
by Zacks Equity Research
CNH Industrial (CNHI) intends to utilize euro 4 billion credit facility for general corporate purposes and meeting working capital requirements.
Ford to Gain From Product Development Despite Frequent Recalls
by Zacks Equity Research
Ford's (F) aim to offer customer-focused products is likely to drive growth. However, frequent vehicle recalls due to safety issues is a concern.
Toyota (TM) Fortifies US Presence With $749M Investment
by Zacks Equity Research
Toyota (TM) announces additional $749-million investment at five plants in Kentucky, Alabama, Missouri, Tennessee and West Virginia to boost manufacturing footprint.
Tenneco (TEN) Q4 Earnings Miss, Revenues Meet Estimates
by Zacks Equity Research
Tenneco's (TEN) revenues in fourth-quarter 2018 rise 79% year over year.
Toyota & Softbank Likely to Invest in Uber's Autonomous Unit
by Zacks Equity Research
Toyota (TM) along with Softbank and others is likely to invest $1 billion in Uber's autonomous technology development.
Fiat Chrysler to Recall 965k Vehicles Over Emission Issue
by Zacks Equity Research
Failure of routine in-use emissions testing conducted by EPA on Fiat Chrysler's (FCAU) gasoline models leads to a recall about 965,000 vehicles across the United States and Canada.
Toyota (TM) & Japan's Space Agency Collaborate for Moon Rover
by Zacks Equity Research
Collaboration with Japan's space agency presents Toyota (TM) the chance to test its technologies in the harsh environment of the moon.
Honda (HMC) to Recall 1M Vehicles With Faulty Takata Airbags
by Zacks Equity Research
Honda (HMC) is likely to recall many of its popular models for the second time due to defective Takata airbag inflators.
Gentex (GNTX) Declares Hike in Its Quarterly Cash Dividend
by Zacks Equity Research
In sync with its capital-allocation strategy, Gentex (GNTX) announces 5% increase in the quarterly cash dividend rate.