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Zacks News
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.
Navistar (NAV) Q1 Earnings Meet Estimates, Revenues Beat
by Zacks Equity Research
Navistar's (NAV) revenues rise in first-quarter fiscal 2019 due to a 50% increase in sales volume of Class 6-8 trucks and buses in the United States as well as Canada.
Navistar Partners With Love's to Bolster Service Network
by Zacks Equity Research
The partnership between Navistar (NAV) and Love's is likely to enhance customers' uptime in various ways.
Tesla (TSLA) Inks Deal With China Lenders for Gigafactory
by Zacks Equity Research
Tesla (TSLA) is likely to benefit from a wholly-owned manufacturing factory in Shanghai.
Allison (ALSN) Rides on Favorable Demand Amid Cost Woes
by Zacks Equity Research
Favorable demand outside North America Off-Highway and On-Highway end markets aid Allison (ALSN) to witness sales growth.
Dana Expands Portfolio With Acquisition of Oerlikon's Segment
by Zacks Equity Research
Acquisition of Oerlikon's segment will likely aid Dana (DAN) to widen its product portfolio and improve reach in key growth markets.
Daimler & BMW to Collaborate for Self-driving Technology
by Zacks Equity Research
The aim of the partnership between Daimler (DDAIF) and BMW is to make autonomous driving technologies mainstream by the middle of the next decade.
LKQ Q4 Earnings and Revenues Miss Estimates, Improve Y/Y
by Zacks Equity Research
For 2019, LKQ expects organic revenue growth of 2-4% for parts & services.
Tenneco (TEN) Provides Preliminary Revenue Results for Q4
by Zacks Equity Research
Organic growth of diverse businesses aids Tenneco (TEN) to witness revenues of $11.8 billion in 2018. The figure is in line with the company's guidance.
Fiat Chrysler to Invest $4.5B For Michigan Capacity Expansion
by Zacks Equity Research
Fiat Chrysler (FCAU) announces $4.5 billion investment in Michigan to modernize facilities for manufacturing Jeep and Ram brands.
WABCO (WBC) Earnings Beat Estimates in Q4, Revenues Lag
by Zacks Equity Research
Slowdown across key global markets affects WABCO's (WBC) fourth-quarter 2018 results.
Genuine Parts Announces Acquisition for Industrial Segment
by Zacks Equity Research
Genuine Parts (GPC) announces the acquisition of Axis New England and Axis New York to augment the Industrial segment's abilities in industrial plant floor automation.