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The Latest Breaking News from Automotive

ON Semiconductor Surges On Upbeat Q2 Earnings, Analysts Boost Price Targets

Automotive and Industrial Growth Drive Strong Results, SiC Production Exceeds Expectations.

Zenger

Cox Automotive increases its 2023 new-vehicle sales forecast

Analysts at Cox Automotive are expecting a much brighter year for U.S. auto sales in 2023 with an improvement in fleet sales leading to expected sales of 15 million, up from the previous prediction of 14.1 million.

Tribune News Service

Chart of the Day: Tesla - Unstoppable?

The Chart of the Day belongs to the automotive technology and manufacturer Tesla (TSLA) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...

Barchart

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2 Auto Stocks Investors Are Buying

Due to lucrative government initiatives and growing demand for auto parts, the auto industry is poised to thrive in the foreseeable future. Given the significant prospects of the industry, auto stocks Continental Aktiengesellschaft (CTTAY) and Garrett Motion (GTX) might be solid additions to one’s portfolio. Read on.

StockNews.com

Investors Are Racing to Get Rid of This Over-Shared Automotive Stock

With a muted top line and without a clear path to profitability and continued listing, excessive sharing of Mullen Automotive (MULN) hasn’t really meant caring for its shareholders. Read on….

StockNews.com

The 3 Best Car Stocks to Buy for Potential Profits in 2023

The automotive industry is expected to witness a rise in demand due to cooling inflation and easing supply chain disruptions. Moreover, with the growing popularity of electric vehicles, the automobile industry is expected to perform well. Therefore, it could be wise for investors to buy fundamentally strong car stocks General…

StockNews.com

Newark College launches state of the art automotive facility with latest technologies

"These latest technologies will enhance the curriculum and enable the best possible delivery of the Level 2 AutoCare and Level 3 Light Vehicle Apprentices Standards to comply with the rapidly evolving industry"

Nottingham Post

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McLaren had "total lack of trust" before my arrival - Brown

McLaren CEO Zak Brown has revealed how the Formula 1 team was paralysed by a lack of trust between staff when he first arrived.

Motorsport

McLaren F1 team hurt by lack of trust before I arrived, says Brown

McLaren CEO Zak Brown has revealed how the Formula 1 team was paralysed by a lack of trust between staff when he first arrived.

Autosport

Qualcomm Partners With Mercedes-Benz, Red Hat On Automotive Tech: What Investors Need To Know

Qualcomm Inc (NASDAQ: QCOM) unveiled partnerships with top manufacturers to propel the development of the next generation of connected vehicles Thursday at its Automotive Investor Day.

Benzinga

EXCLUSIVE: Why Qualcomm's Automotive Business Is Seeing 'Transformation Like Never Before'

QUALCOMM Inc (NASDAQ: QCOM) reported third-quarter results at the end of last month that came in above analyst expectations, led by strength in automotive and IoT.

Benzinga

Methode Electronics Clocks 4% Revenue Decline In Q4 Due To Lower Sales Volumes In Auto Segment

Methode Electronics, Inc (NYSE:MEI) reported a fourth-quarter FY22 net sales decline of 4.1% year-on-year to $288.7 million, missing the consensus of $289.5 million. The decrease was due to lower sales volumes in the Automotive segment due to supply chain constraints and the conflict in Ukraine. EPS of $0.43 missed the consensus of $0.56.…

Benzinga

Better Buy for 2022: Rivian vs. Tesla

Today I'll analyze and compare Tesla (TSLA) and Rivian Automotive (RIVN) to determine which electric vehicle stock is currently a better buy.

StockNews.com

Rosenblatt Gets Cautious On Texas Instruments, Intel Ahead Of Earnings

Rosenblatt views on the earnings for next week:

Benzinga

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Benzinga

AEye Opens Munich Office; Sets Eye On European Market

AEye Inc (NASDAQ:LIDR) has opened its new office in Munich, Germany. The company expects the new location to expand its reach for automotive, mobility, trucking, logistics, and smart infrastructure markets in the region. Also, AEye has appointed automotive engineer Andreas Prinz as technical sales director for Europe. "We've experienced strong demand and traction…

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