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Zacks News
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.
SPX (SPXC) Hits Fresh High: Is There Still Room to Run?
by Zacks Equity Research
SPX (SPXC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Group 1's Lexus Stores Buyout to Boost Presence in New Mexico
by Zacks Equity Research
Group 1 (GPI) acquires two Lexus dealerships, in Albuquerque and Santa Fe, expanding its business in the New Mexico market.
Allison (ALSN) Partners With U.S. Army for Allison X200-4A
by Zacks Equity Research
Allison (ALSN) teams up with the U.S. Army's TACOM to include the Allison X200-4A in the M113 armored personnel carrier family of vehicles.
AutoZone's (AZO) Earnings Top Estimates in Q1, Improve Y/Y
by Zacks Equity Research
AutoZone (AZO) aims to boost its operating earnings and cash flow, and utilize its balance sheet and capital effectively in fiscal 2020.
BorgWarner's High Voltage Hairpin 146 Set for a 2020 Launch
by Zacks Equity Research
BorgWarner (BWA) introduces its latest electric motor offering, the HVH 146, which will be available both as fully-housed motors and rotor/stator assemblies.
General Motors (GM) to Mass Produce Battery Cells With LG Chem
by Zacks Equity Research
General Motors (GM) and LG Chem team up to build a $2.3-billion battery-cell assembly plant in Lordstown, OH.
CNH Industrial Closes K-Line Ag Buyout, Boosts Portfolio
by Zacks Equity Research
CNH Industrial's (CNHI) acquisition of K-Line Ag will help the company incorporate key tillage and residue-management equipment for optimal seedbed preparations.
Goodyear Tire (GT) Commences New Pilot Program With Redspher
by Zacks Equity Research
Goodyear Tire (GT) teams up with Redspher to "fast-capture" pertinent data owing to the high-mileage use of the vehicles.
CNH Industrial Teams Up With NIKOLA for Zero-Emission Trucks
by Zacks Equity Research
CNH Industrial (CNHI) to transform Class 8 heavy-duty trucks into emission-neutral ones through its partnership with NIKOLA.
Toyota (TM) November Sales Volume Up 9.2% Y/Y in North America
by Zacks Equity Research
Toyota (TM) witnesses record November sales volume in Toyota and Lexus divisions in North America, the total unit sales being 207,857.
Here's Why the Superior Industries Stock Still Holds Potential
by Zacks Equity Research
While an extensive array of value-added products is aiding Superior Industries (SUP), elevated debt and reduced sales outlook are concerns.
Lithia Motors Prices Offering of $400M Senior Notes Due 2027
by Zacks Equity Research
Net proceeds from Lithia Motors' (LAD) private offering will likely be spent on debt repayment, funding acquisitions and capital expenditures.
SPX (SPXC) Hits Fresh High: Is There Still Room to Run?
by Zacks Equity Research
SPX (SPXC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Here's Why You Should Hold CNH Industrial in Your Portfolio
by Zacks Equity Research
While upgraded product offerings and digitalization initiatives are aiding CNH Industrial's (CNHI) high capital spending, rising costs and tariff headwinds play spoilsports.