Author: Yarhow_Finance Online News

UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel

(Bloomberg) — American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal. Most Read from Bloomberg A cash-and-share deal valued at about £1.16 billion ($1.44 billion) represents a premium of around 25% to Dowlais’ Jan. 28 closing share price,… Continue reading UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel

Dana price target raised to $10 from $7 at Wells Fargo

https://www.tipranks.com/news/the-fly/suncar-technology-announces-integration-of-its-cloud-service-with-deepseek Wells Fargo raised the firm’s price target on Dana (DAN) to $10 from $7 and keeps an Underweight rating on the shares. The firm is also updating 2024-2028 estimates to reflect lower global LVP. Wells is now about 4% below consensus sales and about 6% below consensus on EBIT/DA. After a challenging 2024, 2025… Continue reading Dana price target raised to $10 from $7 at Wells Fargo

Dana price target lowered to $14 from $16 at JPMorgan

JPMorgan lowered the firm’s price target on Dana (DAN) to $14 from $16 and keeps an Overweight rating on the shares. The firm reduced estimates following the company’s “mixed” Q3 report. The firm says Dana spoke of softening end market demand impacting both Q4 and continuing into 2025. Published first on TheFly – the ultimate… Continue reading Dana price target lowered to $14 from $16 at JPMorgan

Should Value Investors Buy Continental (CTTAY) Stock?

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is… Continue reading Should Value Investors Buy Continental (CTTAY) Stock?

Are Investors Undervaluing Continental (CTTAY) Right Now?

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one… Continue reading Are Investors Undervaluing Continental (CTTAY) Right Now?

Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.

NASHVILLE, Tenn. (AP) — Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release. Bridgestone said the closure will help the company “optimize its business footprint” and “strengthen its competitiveness.” In addition, Bridgestone announced capacity and workforce… Continue reading Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.

J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone

(Photo: J.B. Hunt) On Wednesday, J.B. Hunt announced the completion of 50,000 autonomous long-haul trucking miles in a collaboration with autonomous trucking company Kodiak Robotics and Bridgestone Americas. The Kodiak autonomous trucks ship Bridgestone car tires between South Carolina and Dallas and have reported no accidents and 100% on-time pickup and delivery since launching in… Continue reading J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone

J.B. Hunt, Kodiak break 50,000-mile mark on autonomous lane

J.B. Hunt said it’s using the 360 platform to find loads for return trips on the autonomous route. (Photo: J.B. Hunt) J.B. Hunt Transport Services said Wednesday it has surpassed an autonomous trucking milestone, completing more than 50,000 miles using Kodiak Robotics’ driverless trucks. The two companies teamed up with Bridgestone to move car tires… Continue reading J.B. Hunt, Kodiak break 50,000-mile mark on autonomous lane

BorgWarner forecasts annual revenue, profit below estimates

By Nathan Gomes (Reuters) -Auto parts supplier BorgWarner forecast full-year 2025 revenue and profit below Wall Street estimates on Thursday, on expectations of lower automobile production and a strong U.S. dollar. Shares of the company fell about 1.7% in afternoon trade. The Western auto industry is grappling with uncertainty induced by U.S. President Donald Trump’s… Continue reading BorgWarner forecasts annual revenue, profit below estimates