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Zacks News
Take a Sneak Peek at Auto ETFs & Stocks for 2020
by Sweta Killa
Though auto sales dipped 1.3% in 2019, automakers hit the 17 million sales mark for the fifth straight year, buoyed by cheap credit, low unemployment and healthy consumer sentiment.
Ford's (F) Q4 Sales Volume Down 1.3% on Bleak Car Demand
by Zacks Equity Research
Ford (F) reports record truck sales volume, marking an increase of 15.9% year over year, in fourth-quarter 2019.
Toyota to Build 175-Acre Prototype City of the Future in Japan
by Zacks Equity Research
Toyota (TM) to build Woven City at Mt. Fuji base, which will be powered by hydrogen fuel cells and function as a living laboratory.
Tesla Achieves Record Production of 105k Vehicles in Q4
by Zacks Equity Research
Tesla (TSLA) delivers 367,500 vehicles in 2019, reflecting a 50% year-over-year increase.
Daimler to Recall 744K Mercedes-Benz Wheels Over Sunroof Risks
by Zacks Equity Research
Daimler (DDAIF) to recall Mercedes-Benz from the 2001-2011 model years, covering vehicles from C-Class, CLK-Class, CLS-Class and E-Class model lines.
Can CarMax's (KMX) Impressive Momentum Continue in 2020?
by Zacks Equity Research
CarMax's (KMX) solid momentum is being aided by its store-expansion efforts and focus on used-car market.
Here's Why You Should Hold Autoliv (ALV) in Your Portfolio
by Zacks Equity Research
Autoliv (ALV) is gaining traction on the back of product launches amid lower capacity utilization and stiff competition.
Here's Why You Should Retain Advance Auto Parts Stock for Now
by Zacks Equity Research
While Advance Auto Parts (AAP) continues to expand its footprint with store openings, huge capital expenditures remain concerns.
Westport (WPRT) a Must Add to Your Portfolio: Here's Why
by Zacks Equity Research
Westport (WPRT) continues to benefit from stricter emission regulations and is cashing in on this environment with a portfolio of offerings.
NIO Beats on Q3 Earnings, Expects Record Deliveries in Q4
by Zacks Equity Research
NIO anticipates vehicle deliveries to be more than 8,000 units for the fourth quarter of 2019, suggesting rise of more than 66.7% from that reported in the third quarter of 2019.
The Rubicon Project, Boeing, Tesla, Weichai Power and SPX highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
The Rubicon Project, Boeing, Tesla, Weichai Power and SPX highlighted as Zacks Bull and Bear of the Day
Volkswagen Increases Production Target for Electric Cars
by Zacks Equity Research
Volkswagen (VWAGY) plans to invest Euro 33 billion in e-mobility throughout the group by 2024, which includes Euro 11 billion in the Volkswagen brand.
Tesla to Start Delivery of Model 3 Built at China Gigafactory
by Zacks Equity Research
The construction of Gigafactory3 in Shanghai is part of Tesla's (TSLA) plan to strengthen presence in China and lower the impacts of the US-China trade war.
Advance Auto Parts (AAP) Purchases DieHard Brand for $200M
by Zacks Equity Research
Advance Auto Parts (AAP) expects the DieHard acquisition to drive growth in DIY customer traffic and significant long-term shareholder value.
Ford (F) Revs Up EV Investment, Bumps Up Stake in Rivian
by Zacks Equity Research
Ford (F) intends to launch 30 vehicle models in China by 2025, of which one third will be electric vehicles (EVs).
Tesla Secures 5-Year Worth $1.4B Loan for Shanghai Factory
by Zacks Equity Research
Tesla (TSLA) will use 3.5-billion-yuan of the new loan to roll over an existing debt, while the rest will be invested to expand its Shanghai factory and other China operations.
Winnebago (WGO) Earnings and Revenues Beat Estimates in Q1
by Zacks Equity Research
Winnebago (WGO) puts up stellar show in Q1, aided by higher-than-expected revenues from its Motorhome and Towable segments.
Ford Recalls More Than 600,000 Vehicles Over Hydraulic Defect
by Zacks Equity Research
Ford (F) recalls 600,166 vehicles, including certain versions of the 2006-10 Ford Fusion, Mercury Milan and Lincoln MKZ.
CarMax's (KMX) Q3 Earnings Miss, Revenues Top Estimates
by Zacks Equity Research
CarMax (KMX) posts weaker-than-expected earnings in the third quarter amid lower-than-anticipated revenues from the wholesale vehicle segment.
Ford to Add 3,000 Jobs With $1.45B Investment in Detroit Area
by Zacks Equity Research
Ford (F) likely to invest $750 million in its Wayne facility to make Bronco and Ranger vehicles, and $700 million in the Dearborn plant to make electric and hybrid versions of the F-150 truck.
Navistar's (NAV) Q4 Earnings Surpass Estimates, Down Y/Y
by Zacks Equity Research
Navistar (NAV) projects fiscal 2020 revenues at $9.25-$9.75 billion, down from the prior estimate of $11.25-$11.75 billion.
Ford Recalls More Than 500,000 Vehicles Over Post-Crash Risk
by Zacks Equity Research
Ford (F) recalls 490,574 vehicles in the United States and federal territories, 56,112 in Canada, and 852 in Mexico due to post-crash interior fire risk.
Sonic Automotive (SAH) Unveils 9th EchoPark in California
by Zacks Equity Research
Sonic Automotive (SAH) projects continued execution of EchoPark development strategies, omni-channel sales and other online initiatives in the upcoming period.
General Motors to Retain 4,000 Jobs With $1.5B Investment
by Zacks Equity Research
General Motors (GM) to produce next-gen Chevrolet Colorado and GMC Canyon mid-size pickups with an investment of $1.5 billion.
Magna (MGA) Develops Transmission for Ferrari SF90 Stradale
by Zacks Equity Research
Magna (MGA) joins forces with Ferarri, to develop and supply a dual-clutch 8-speed transmission (DCT) for the Ferrari SF90 Stradale, which is expected to help cut CO2 emissions.