Happy birthday Chrysler! Brand celebrates 100 years with Belle Isle jaunt
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National Post
2 hours ago
- National Post
Eaton Cummins Automated Transmission Technologies Celebrates 500,000th Endurant Transmission Milestone with Werner
GALESBURG, Mich. — Eaton Cummins Automated Transmission Technologies today announced the production of its 500,000th Endurant transmission, a significant milestone that underscores Eaton Cummins' ongoing commitment to delivering innovative, efficient, and high-performance powertrain solutions for the commercial vehicle industry. Article content Eaton Cummins has produced its 500,000th Endurant transmission. 'We are incredibly proud to reach this milestone,' said Josh Mejeur, Regional Director, Eaton Cummins. 'This achievement reflects … the value our customers see in the Endurant platform.' Article content Article content The 500,000th unit was delivered to Werner ®, a long-standing customer and one of the first fleets to adopt the Endurant transmission following its debut in 2017. Werner's continued investment in the Endurant platform highlights the transmission's proven performance, durability, and fuel efficiency across diverse applications. Article content Article content To commemorate the achievement, a special ceremony was held at the Kenworth Truck Plant in Chillicothe, Ohio, where a new Kenworth T680 equipped with the milestone transmission rolled off the assembly line. Eaton Cummins presented a commemorative plaque to Werner in recognition of their partnership and shared dedication to innovation. Article content 'We are incredibly proud to reach this milestone and to celebrate it with Werner, a fleet that has been with us since the beginning of the Endurant journey,' said Josh Mejeur, Regional Director, Eaton Cummins. 'This achievement reflects the strength of our partnerships and the value our customers see in the Endurant platform.' Article content 'Werner has worked with Eaton for more than 40 years, and we were proud to receive the very first Endurant transmission,' said Scott Reed, Werner's Senior Vice President of Maintenance. 'This milestone reflects our shared commitment to innovation and providing our drivers with reliable, efficient equipment that delivers for our customers.' Article content The Endurant transmission family has grown to include multiple variants, including the Endurant HD, Endurant HD V, Endurant HD N, Endurant XD, Endurant XD Pro and Endurant XD N, serving both on-highway and vocational markets. Known for its lightweight design, advanced software features, and driver-friendly operation, the Endurant continues to set the standard for automated manual transmissions in North America and beyond. Article content Additional product information can be found at Article content About Eaton Cummins Article content Eaton Cummins Automated Transmission Technologies is a 50/50 joint venture between Eaton and Cummins, delivering industry-leading automated transmissions for commercial vehicles. The joint venture combines the strengths of both companies to offer smart, connected powertrain solutions that improve performance, fuel efficiency, and uptime. Article content About Werner Enterprises Article content Werner Enterprises, Inc. delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2024 revenues of $3.0 billion, a modern truck and trailer fleet, nearly 13,000 talented associates and our innovative Werner EDGE ® technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner ® provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. Werner embraces inclusion as a core value and manages key risks and opportunities through a balanced sustainability strategy. Article content Article content Article content Article content Article content
Globe and Mail
8 hours ago
- Globe and Mail
Faraday Future's Q2 2025: Strategic Growth and Market Expansion
Faraday Future Intelligent Electric Inc. ( (FFAI)) has released its Q2 earnings. Here is a breakdown of the information Faraday Future Intelligent Electric Inc. presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Faraday Future Intelligent Electric Inc., a California-based company, is a global leader in the intelligent electric mobility ecosystem, focusing on luxury and innovative electric vehicles. In its second quarter of 2025, Faraday Future reported an adjusted operating loss of $27.4 million, with a significant cash position increase and strengthened operational efficiency. The company achieved a milestone by being added to the Russell 3000 Index, enhancing its market visibility, and saw substantial investment increases from major fund managers like Vanguard and BlackRock. Key financial highlights include a net loss from operations of $48.1 million, an improvement from the previous year, and a substantial increase in financing cash inflow, marking the fifth consecutive quarter where inflows exceeded outflows. Faraday Future also announced strategic developments, including the launch of the FX Super One vehicle and the introduction of the 'EAI + Crypto' ecosystem strategy, aimed at integrating traditional operations with digital platforms. The company received over 10,000 non-binding pre-orders for its FX Super One vehicle, indicating strong market demand. Production preparations for this model are underway at the Hanford, CA factory. Additionally, Faraday Future plans to invest $100 million into its U.S. operations, focusing on research, development, and infrastructure. Looking forward, Faraday Future aims to continue driving technological innovation and maintaining financial discipline. The company expects to meet its production targets for the FX Super One by the end of the year, both in the U.S. and the Middle East, while executing its strategic goals to regain investor confidence and ensure long-term growth in the electric vehicle market.
Globe and Mail
a day ago
- Globe and Mail
Tesla's 10X P/S Premium: Is the Stock a Buy, Hold or Sell Now?
Tesla TSLA is one of those stocks whose valuation has long been divorced from its fundamentals. It has always traded at a premium, backed by promises of its long-term potential. For years, that premium felt somewhat justified. Tesla didn't just sell cars — it transformed the electric vehicle (EV) space, much like Amazon reshaped retail and Netflix disrupted entertainment. For many, Tesla was the first name that came to mind when talking about EVs. But that first-mover advantage is fading. Competition is fierce. Tesla's lineup looks dated, with no major launches lately. Meanwhile, legacy automakers, EV startups and especially Chinese rivals are flooding the market with more affordable and increasingly attractive options. Having said that, Tesla has bold ambitions — from robotaxis to full autonomy — and it hopes these will become the next growth engine as EV sales momentum slows. But progress on that front has been slower than expected. So, are there really enough tailwinds to support Tesla's sky-high valuation? The stock trades at more than 10X forward 12-month sales, far above the industry average of 2.68X. At this point, should investors bet on Tesla's long-term vision, or do today's headwinds make it too risky? Let's dig in. TSLA's Weak Q2: Deliveries, Sales, Margins and FCF Slide Tesla's financials continue to weaken, with declining deliveries, revenues, margins and cash flow. After its first-ever annual delivery decline in 2024, 2025 is off to a rough start. Deliveries fell 13% year over year in the first quarter, followed by another 13.4% drop in the second quarter. China's EV giant China's BYD Co Ltd BYDDY continues to challenge Tesla. In the fourth quarter of 2023, BYD briefly took the EV sales crown from Tesla before ending the full year just behind. The same pattern was repeated in 2024. In first-quarter 2025, BYD delivered over 416,000 BEVs, outpacing Tesla's 336,000. In the second quarter, BYD reported 606,993 BEVs sold (up 42.5% year over year), marking its third straight quarter of beating Tesla in battery EV sales. The last reported quarter marked Tesla's sharpest quarterly revenue decline in more than a decade, raising questions not only about demand but also about the company's brand image amid Elon Musk's increasingly polarizing political activity. Automotive revenues, Tesla's largest contributor, led the slide due to fewer deliveries and lower average selling prices. Model 3/Y deliveries fell 11.5%, while higher-end models (Model X/S) plunged roughly 52%, highlighting soft demand across the lineup. Profitability also came under pressure. Automotive gross margin contracted to 17%, down 100 basis points from last year. Operating margin shrank to just 4.1%, a steep 220 basis point drop. Notably, while operating expenses fell only 1%, revenues contracted 12%, underscoring weaker efficiency. Earnings and cash generation mirrored this trend. EPS fell 23% year over year, while operating cash flow dropped 30%. With capex up 5%, free cash flow tumbled 89% to just $146 million — its third straight quarterly slide. Musk has already warned of 'rough quarters' ahead, and second-quarter results show exactly why investors should take him at his word. Are TSLA's FSD & Robotaxi Progress Enough? Even as Tesla's financials show strain, the company continues to push hard on autonomy. Growing adoption of Full Self-Driving (FSD) and the launch of a paid robotaxi service are being pitched as the next chapter of growth — but the road ahead is far from smooth. Musk expects FSD software to secure regulatory approval in parts of Europe by year-end, though this target was already delayed from his earlier March projection. Despite its branding, FSD is still a driver-assistance system that requires human supervision, making full autonomy a work in progress. Meanwhile, Tesla officially rolled out its robotaxi service in Austin in June — a milestone in its self-driving ambitions. The company plans to expand into major U.S. markets such as the Bay Area, Nevada, Arizona and Florida, pending approvals. Robotaxis in Austin have already logged more than 7,000 miles without safety-critical interventions, and Tesla expects to scale service areas more than tenfold. Musk suggested that 'probably half the U.S. population' could have access to robotaxis by year-end, assuming regulators agree. Still, Tesla is hardly the leader here. Alphabet 's GOOGL Waymo dominates the U.S. robotaxi market, running commercial services in four cities and delivering over 250,000 paid rides per week. Backed by a $5 billion multi-year investment by Alphabet, Waymo has years of real-world testing, strong partnerships and a head start that Tesla must catch up to. What Do Tesla's Estimates Say? The Zacks Consensus Estimate for Tesla's 2025 revenues and EPS implies a 6% and 31.4% decline, respectively, on a year-over-year basis. Estimates for EPS have also been trending south over the past 60 days. Conclusion Tesla isn't being priced like a carmaker with falling sales and shrinking margins — it's still being valued like a tech giant of the future. That mismatch is the problem. Robotaxis and FSD may one day add value, but right now, they are promises against a backdrop of deteriorating fundamentals and intensifying competition. The execution remains uncertain and rivals like BYD and Alphabet's Waymo are already pulling ahead in their respective markets. At over 10X forward sales, Tesla's valuation leaves no margin for error. With estimates moving lower, cash flow drying up and rivals taking share, the risks far outweigh the potential rewards in the near term. Tesla no longer commands its premium. Until the company proves it can reignite growth or deliver meaningful progress on autonomy, investors may find better opportunities elsewhere in the auto and tech space. Tesla currently carries a Zacks Rank #4 (Sell) and looks like a stock to avoid rather than chase. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Byd Co., Ltd. (BYDDY): Free Stock Analysis Report
