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Zacks News
General Motors to Get Rid of 3 Cadillac Sedans, Invests $175M
by Zacks Equity Research
General Motors (GM) to abandon three Cadillac sedans and replace them with two new. For this purpose, it is going to invest $175 million in updating a plant in Lansing, MI.
O'Reilly (ORLY) to Benefit From Aggressive Store Openings
by Zacks Equity Research
O'Reilly (ORLY) opens stores to penetrate existing markets, and expand in new and contiguous ones.
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
by Zacks Equity Research
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
BorgWarner (BWA) Opens New Technical Center in Indiana
by Zacks Equity Research
BorgWarner (BWA) opens a new state-of-the-art technical center in Noblesville, IN. The center strengthens the company's research and development capability to cope with rising customer demand.
ECB Holds off on Rate Hikes! Grab 5 Top European Stocks Now
by Tirthankar Chakraborty
European stocks jumped, while the euro slumped against the dollar after the ECB indicated that it will not raise interest rates before summer 2019.
Dana Launches Drivetrains for Commercial Vehicle Aftermarket
by Zacks Equity Research
In order to cater to the commercial vehicle aftermarket, Dana (DAN) launches drivetrain product line Spicer Select, preferably for old vehicles.
Magna (MGA) & May Mobility to Develop Autonomous Shuttle
by Zacks Equity Research
Magna (MGA) partners with MI-based May Mobility to co-develop self-driving electric shuttle, which is scheduled to be introduced in June 2018.
ALSN or RACE: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
ALSN vs. RACE: Which Stock Is the Better Value Option?
Nissan (NSANY) Aims to Grow Market Share Outside America
by Zacks Equity Research
After witnessing declining profit in North America, Nissan (NSANY) now focuses on Asian and African markets.
Toyota to Invest $1B in Singapore's Ride-Hailing Firm Grab
by Zacks Equity Research
Toyota (TM) to invest $1 billion in South Asian ride-hailing transport services company, Grab, to strengthen the existing partnership for expanding mobility services.
Allison Transmission (ALSN) to Offer Connected Capabilities
by Zacks Equity Research
Allison Transmission (ALSN) partners with TSPs to provide connected capabilities for fleet management.
Tesla Plans to Lay Off Employees to Boost Profitability
by Zacks Equity Research
Tesla (TSLA) announces to reduce its workforce by around 9% to lower expenses and become sustainably profitable.
Copart (CPRT) Adds Disaster Recovery Location at Lumberton
by Zacks Equity Research
Copart (CPRT) adds another location at Lumberton, NC, to manage disaster-hit vehicles in the coastal plains.
American Axle (AXL) to Deliver AWD PTUs for Ford Crossovers
by Zacks Equity Research
American Axle (AXL) signs a contract to supply PTUs for Ford's crossover vehicles, thus, strengthening its relationship with Ford.
BorgWarner Ropes In Lissalde as New CEO, Verrier Steps Down
by Zacks Equity Research
Lissalde to be the new CEO of BorgWarner (BWA) with effect from Aug 1, 2018.
Genuine Parts (GPC) to Acquire Automotive Company in Europe
by Zacks Equity Research
Genuine Parts' (GPC) Alliance Automotive Group to acquire German Hennig Fahrzeugteile Group. This acquisition is in line with the company's global growth strategy through acquisitions.
Navistar's (NAV) Q2 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Navistar (NAV) raises fiscal 2018 full-year guidance, driven by solid industry conditions.
Winnebago (WGO) Acquires Chris-Craft to Diversify Portfolio
by Zacks Equity Research
The acquisition of Chris-Craft is in sync with Winnebago's (WGO) strategy to diversify its portfolio in the outdoor lifestyle market.
Goodyear (GT) to Conduct Research at Mcity Test Facility
by Zacks Equity Research
Goodyear (GT) extends its worldwide innovation network to include Ann Arbor, MI-based Mcity. The company is going to carry out tests at the Mcity Test Facility.
Daimler (DDAIF) Broadens Investment Portfolio With Taxify
by Zacks Equity Research
With an aim to be a leader in mobility services, Daimler (DDAIF) widens its investment portfolio by adding another ride-hailing company.
Looking for a Growth Stock? Why It is Time to Focus on Ferrari N.V. (RACE)
by Zacks Equity Research
Ferrari N.V. (RACE) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Tesla (TSLA) Delays International Launch of Model 3 to 2019
by Zacks Equity Research
Delay in achieving the Model 3 production target in the United States impels Tesla (TSLA) to delay the international launch of the vehicle.
3 Stocks in Focus as Italy Political Crisis Rattles Market
by Sandip Chakraborty
Escalating political turmoil in Italy has adversely affected the U.S. financial market as President Sergio Mattarella rejected Paolo Savona's appointment as the economy minister.
4 Reasons to Add Meritor (MTOR) Stock to Your Portfolio Now
by Zacks Equity Research
Strong earnings performance, upbeat outlook, new M2019 plan and product introductions make Meritor (MTOR) a promising bet now.
Nissan to Lower North American Output, Raise Profitability
by Zacks Equity Research
Nissan (NSANY) to reduce its North America production by about 20%. Declining profitability in the United States has prompted the company to make such a move.