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Zacks News
Tesla (TSLA) Hikes Model 3 Production Target to 6K per Week
by Zacks Equity Research
With an aim to generate strong positive operating cash flow in the second half of 2018, Tesla (TSLA) sets a new Model 3 production target of 6,000 units per week.
5 Auto Stocks to Buy as Xi Promises to Lower Tariffs
by Swarup Gupta
Stocks of major U.S. automakers gained on Xi's comments since China is a major market for auto exports.
O'Reilly to Gain From Store Openings, Soaring Expenses a Woe
by Zacks Equity Research
O'Reilly (ORLY) expects to profit from store launches and strong distribution network. However, rising expenses and a huge inventory are creating challenges for the company.
Winnebago (WGO) Gains on Towable Unit, High Debt Level a Woe
by Zacks Equity Research
Winnebago (WGO) rides on robust towable segment growth. However, high material costs faced by the motorized segment and the considerable outstanding debt are hampering its financial performance.
Dana Raises Cash Consideration to $1.8B for GKN Driveline
by Zacks Equity Research
Dana (DAN) raises the offered cash amount by $140 million to combine the driveline unit of GKN.
General Motors (GM) to Invest $100M for Cruise AV Production
by Zacks Equity Research
With an aim to launch the self-driving Cruise AV car, General Motors (GM) to invest $100 million at its two plants in Michigan for production.
Volkswagen (VLKAY) to Invest $25M for EV Battery Outsourcing
by Zacks Equity Research
Volkswagen (VLKAY) has partnered with battery producers who will supply the battery capacity for manufacturing its EVs. Also, it is going to invest $25 billion as part of the collaboration.
Copart (CPRT) to Gain From Acquisitions, Location Expansion
by Zacks Equity Research
In order to strengthen its position in the market, Copart (CPRT) focuses on acquisitions across continents. Also, with inflating volumes, it expects to gain from facility expansion.
Meritor to Unpack Products for Existing & New Portfolio
by Zacks Equity Research
Meritor (MTOR) to introduce products at affordable prices under its Aftermarket parts brands. Additionally, it launches a new portfolio of air springs for commercial vehicle applications.
Daimler and BMW Set to Merge Their Car-Sharing Services
by Zacks Equity Research
Daimler (DDAIF) and BMW AG (BAMXF) are trying to combine their car-sharing services.