Magna delivers solid quarter as sales rise to $11 billion
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11 billion, up 3% year over year, outperforming a 2% decline in global light vehicle production.
Ferrari (NYSE:RACE) reported second-quarter 2026 revenue of €1.94 billion, up 8% year over year, as demand for personalizations and special models supported results.
Group 1 Automotive (NYSE:GPI) reported second-quarter 2026 revenue of $5.4 billion, down 5.6% year over year, as lower vehicle volumes and finance-related revenue reduced results.
Stellantis (NYSE:STLA) reported second-quarter 2026 net revenues of €43.5 billion, up 13% year over year, as growth in North America and South America supported higher sales.
Lithia & Driveway (NYSE:LAD) reported record second-quarter 2026 revenues of $9.8 billion, a 2% year-over-year increase.
Ford Motor Company (NYSE:F) reported second-quarter 2026 adjusted earnings of $0.42 per share, exceeding the analyst estimate of $0.36, with automotive revenue reaching $44.89 billion.
Baidu (NASDAQ:BIDU) said its Apollo Go autonomous ride-hailing platform has begun testing sixth-generation RT6 vehicles in London through a partnership with Freenow by Lyft.
Stellantis (NYSE:STLA) signed an agreement to sell its entire shareholding in Free2move to Mutares SE & Co. KGaA for an undisclosed amount.
Ford Motor (NYSE:F) and Geely Auto agreed to establish a Europe-focused manufacturing venture at Ford’s Valencia plant.
Tesla (NASDAQ:TSLA) reported second-quarter revenue of $28.2 billion, up 26%, while net income fell 5% to $1.1 billion.
General Motors (NYSE:GM) posted Q2 2026 revenue of $48 billion alongside a diluted earnings per share of $1.41.
Autoliv (NYSE:ALV) reported Q2 net sales of $2.803 billion, up 3.3%, while diluted EPS fell 38% to $1.35.