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Another Ford Recall: Fuel Pump Defect Affects 850,000 Vehicles
ZACKS· 2025-07-11 15:20
Key Takeaways Ford recalls 850,318 vehicles due to potential engine stalls from faulty fuel pump performance. Affected models include 2021-2023 Bronco, Explorer, F-series trucks and Lincoln SUVs. F recalls all units to identify faulty pumps and will notify owners when solutions become available.Ford Motor Company (F) has announced its 89th recall this year due to issues in its low-pressure fuel pump. According to the report filed with the National Highway Traffic Safety Administration, affected models are ...
This Is the No. 1 Ultra-High-Yield Dividend Stock Held by Retail Investors on Robinhood -- and It's Not Even Close
The Motley Fool· 2025-07-10 07:06
The supercharged income stock coveted most by everyday investors is sporting a 5.14% yield.For well over a century, Wall Street has served as a surefire moneymaker for optimists and those with a long-term mindset. But the stock market's list of winners includes more than just institutional investors and billionaire money managers.Since the advent and proliferation of the internet in the mid-1990s, retail investors have been playing an increasingly larger role on Wall Street. According to "The Retail Investo ...
Stellantis' 1.2M Ram Trucks Under Scrutiny for BTSI Failures
ZACKS· 2025-07-08 16:45
Core Insights - Stellantis N.V. (STLA) is under investigation by the U.S. National Highway Traffic Safety Administration (NHTSA) regarding a recall query involving nearly 1.2 million Ram trucks from model years 2013 to 2018 [1][10] - The investigation is prompted by reports of failures in the Brake Transmission Shift Interlock (BTSI) system, which could lead to unintended vehicle movement and rollaway incidents [2][3][10] Recall Investigation - NHTSA received 14 vehicle owner questionnaires and six reports of deaths or injuries related to the BTSI system failures [2] - The current recall query aims to assess the effectiveness of prior recall fixes and investigate the underlying causes of continued rollaway events [4] Production Challenges - Stellantis faced a 34% drop in passenger car production in Italy during the first half of 2025, alongside a 16% year-over-year decrease in commercial vehicle output [5] - The total vehicle production in the first half of the year was 221,885, reflecting a 26.9% decline compared to the same period in 2024, with no recovery expected before the end of the year [6]
X @Bloomberg
Bloomberg· 2025-07-08 11:39
Daimler plans to establish an assembly plant in Senegal with production of Mercedes-Benz trucks scheduled to begin next year https://t.co/O6tRGygrR1 ...
Group 1 Automotive Schedules Release of Second Quarter 2025 Financial Results
Prnewswire· 2025-07-07 10:31
Core Viewpoint - Group 1 Automotive, Inc. is set to release its financial results for the second quarter of 2025 on July 24, 2025, before market opening, with a conference call scheduled for later that morning to discuss the results [1]. Group 1 Automotive Overview - Group 1 operates 259 automotive dealerships and 330 franchises across the U.S. and U.K., offering 36 brands of automobiles [3]. - The company provides a range of services including the sale of new and used cars, vehicle financing, service and insurance contracts, automotive maintenance and repair, and vehicle parts [3]. Conference Call Details - The conference call will be available via live simulcast on the internet and will have a replay available for 30 days [2]. - Participants can join the call by dialing in 10 minutes prior to the start, with specific numbers provided for domestic and international callers [2]. - A telephonic replay will be accessible until July 31, 2025, with designated numbers for domestic and international access [2].
PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF FERRARI DEALERSHIP IN NORTHERN ITALY
Prnewswire· 2025-07-03 10:59
Core Insights - Penske Automotive Group has acquired a Ferrari dealership in Modena, Italy, enhancing its luxury brand presence in the region to 29 automotive retail locations [1][2] - The new dealership is expected to generate annualized revenue of approximately $40 million [1] Company Overview - Penske Automotive Group, Inc. is a diversified international transportation services company with operations in eight countries and across four continents [2] - The company operates dealerships in various countries including the United States, United Kingdom, Canada, Germany, Italy, Japan, and Australia, and is a major retailer of commercial trucks in North America [2] - Penske Automotive employs over 28,700 people globally and holds a 28.9% stake in Penske Transportation Solutions, which manages a large fleet of over 428,000 trucks, tractors, and trailers [2]
Hyster-Yale (HY) Laps the Stock Market: Here's Why
ZACKS· 2025-07-02 23:16
Company Performance - Hyster-Yale's stock closed at $42.27, reflecting a 2.2% increase from the previous trading session, outperforming the S&P 500's gain of 0.48% [1] - The stock has seen a slight increase of 0.07% over the past month, which is below the Industrial Products sector's gain of 6.87% and the S&P 500's gain of 5.13% [1] Earnings Projections - The upcoming EPS for Hyster-Yale is projected at $0.07, indicating a significant drop of 98.04% compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $936.9 million, down 19.79% from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $1.36 per share and revenue of $3.69 billion, representing declines of 84.86% and 14.29% respectively compared to the previous year [3] - Recent adjustments to analyst estimates are crucial as they reflect changing business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Hyster-Yale has a Forward P/E ratio of 30.41, which is a premium compared to the industry average Forward P/E of 16.43 [6] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, currently holds a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [6] Zacks Rank System - Hyster-Yale currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5]
New Stellantis CEO taps Kuniskis to oversee Americas brands, brings back SRT division
CNBC· 2025-07-02 14:13
Leadership Changes - New Stellantis CEO Antonio Filosa has promoted Tim Kuniskis to oversee all American brands and lead marketing and retail strategy in North America [1] - Kuniskis remains CEO of Ram and has a broader role across the company's U.S. operations [2] Strategic Initiatives - Stellantis is reviving the Street and Racing Technology (SRT) performance division, which will focus on high-performance vehicles and motorsports [2] - Kuniskis is leading a major product launch at Ram, with plans to introduce 25 new products over the next 18 months [3] Product Development - The return of the popular V-8 Hemi engines for Ram 1500 full-size pickup trucks has been announced, with availability expected in early 2026 [3]
U Power Announces Signing of MOU with Beijing Foton to Jointly Promote Battery-Swapping Compatible Electric Heavy Trucks, Buses, and Vans
Prnewswire· 2025-07-02 12:00
Johnny Lee, CEO and Chairman of U Power commented, "This partnership marks another significant step forward in our strategy of expanding OEM partner base. Through joint promotional and sales efforts, U Power expects to accelerate the establishment of a comprehensive battery-swapping and battery-bank ecosystem in several of its existing key markets. We look forward to a strong collaboration with Beijing Foton to strategically expand our global footprint and increase our market share." About Beijing Foton Int ...
Ford sales jump 14% in the second quarter, well above industry forecast
CNBC· 2025-07-01 14:39
Group 1: Ford Sales Performance - Ford sales rose 14.2% during the second quarter compared to the year-earlier period, significantly exceeding the estimated industry increase of 1.4% [1] - New vehicle sales for the second quarter totaled 612,095, driven by gains in F-Series trucks and electrified vehicles [1] - F-Series trucks achieved their best second quarter since 2019, increasing 11.5% to 222,459 units sold [1] Group 2: Electrified Vehicle Sales - Sales of Ford electrified vehicles reached 82,886 during the second quarter, marking a 6.6% increase from 2024 [2] - However, pure EV sales experienced a 31.4% decline, while hybrid sales rose by 23.5% [2] - For the first half of the year, Ford sold a record 156,509 EVs and hybrids, reflecting a 14.7% increase from the same period last year [2] Group 3: Industry Forecasts and Trends - Auto industry forecasters Cox Automotive and Edmunds projected new vehicle sales would increase by 1.7% and 2%, respectively, for the second quarter compared to the previous year [3] - The forecasts were supported by a strong market in April and early May, although June sales were anticipated to be softer [3] Group 4: Market Conditions - Earlier this year, tariffs of 25% on imported vehicles and auto parts were implemented, initially boosting demand from price-sensitive buyers [4] - Analysts predict that the increase in demand may diminish if higher prices persist [4] - South Korean automakers Kia and Hyundai reported their best-ever first-half sales results, with increases of 8% and 10% from a year ago, respectively [4]