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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 ...
Stellantis' 1.2M Ram Trucks Under Scrutiny for BTSI Failures
ZACKS· 2025-07-08 16:45
Key Takeaways STLA is under NHTSA investigation over BTSI failures in 1.2M Ram trucks from model years 2013-2018. Reports of deaths, injuries, and rollaways prompted the recall query into prior BTSI system fixes. STLA's vehicle output in Italy fell 26.9% in H1 2025, with no production rebound expected this year.Stellantis N.V. (STLA) is under investigation by the U.S. National Highway Traffic Safety Administration (NHTSA), which has initiated a recall query involving nearly 1.2 million of the company’s Ra ...
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
Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase, the automaker said Tuesday. Auto industry forecasters Cox Automotive and Edmunds forecasted new vehicle sales would increase 1.7% and 2%, respectively, for the second quarter from the year-earlier period. They cited a strong market in April and early May as driving the increases, while June sales were expected to be softer. Earlier this year, President Donald Trump implemented 2 ...
Nissan Motor Co Digital Transformation Analysis Report 2025 | Accelerators, Incubators, and Other Innovation Programs
GlobeNewswire News Room· 2025-07-01 08:07
Reasons to Buy Key Topics Covered: A selection of companies mentioned in this report includes, but is not limited to: Insights of its digital transformation strategies and innovation programs. Overview of technology initiatives covering partnerships, product launches, investments and acquisitions. Insights on each technology initiative including technology theme, objective, and benefits. Details of estimated ICT budgets. Gain insights into Nissan's tech operations. Gain insights into its tech strategies and ...