Daimler (DDAIF) and BMW ((BAMXF) likely to collaborate for the development of self-driving technology.
The aim of the partnership between Daimler (DDAIF) and BMW is to make autonomous driving technologies mainstream by the middle of the next decade.
Tesla (TSLA) stock tanked 13% Friday after CEO Elon Musk announced that the company will cut 7% of its workforce in an effort to sell more affordable Model 3 electric sedans. Despite the massive one-day...
Let's see what investors should expect from TSLA stock in 2019 as it aims to expand in China and Europe.
The federal tax credit is provided to lower up-front costs of plug-in EVs.
Revenues of Japanese automakers in the United States are under stress with persistent slump in sedan sales.
Daimler (DDAIF) and BMW are likely to explore the areas of sharing batteries and autonomous-car technology, as well as vehicle platforms, through a probable partnership.
Cummins (CMI) to form a joint venture with China's JAC Motors to compete efficiently in the market.
Business expansion through store openings and acquisitions aids AutoNation (AN). However, declining new-vehicle sales is a concern.
High revenue growth across all major markets and favorable foreign currency help Meritor (MTOR) beat on Q2 earnings.
The auto sector, which is plagued with myriad problems, reports solid sales in March 2018.
Cummins (CMI) surpasses Q1 earnings estimates. The company provides guidance for full-year 2018.
Johnson Controls (JCI) reaffirms adjusted EPS guidance for fiscal 2018 at $2.75-$2.85.
China's planned lowering of import duty on cars may help foreign automakers given that it is the second largest market for cars exported from the United States.
Sonic Automotive's (SAH) first-quarter 2018 adjusted earnings of 26 cents per share surpass the Zacks Consensus Estimate of 25 cents.
Muted demand in January and February leads to Q1 earnings lag for Lithia Motors (LAD).
Despite witnessing strong acquisition and organic revenue growth in parts and services in the North American segment, LKQ misses Q1 earnings estimates.
BorgWarner's (BWA) first-quarter 2018 adjusted earnings of $1.10 per share, exceeds the Zacks Consensus Estimate of $1.03.