Industry Financial Reports

Stellantis earnings rise as electric vehicle sales expand

AMSTERDAM (AP) _ Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric...

Sonic Automotive: Q2 Earnings Snapshot

CHARLOTTE, N.C. (AP) _ Sonic Automotive Inc. (SAH) on Thursday reported second-quarter net income of $94.8 million. On a per-share basis, the Charlotte, North Carolina-based company said it had net income...

Nissan’s profits plunge on COVID lockdown, chips crunch

By YURI KAGEYAMAAP Business Writer TOKYO (AP) _ Japanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19...

O’Reilly Automotive: Q2 Earnings Snapshot

SPRINGFIELD, Mo. (AP) _ O'Reilly Automotive Inc. (ORLY) on Wednesday reported second-quarter net income of $576.8 million. On a per-share basis, the Springfield, Missouri-based company said it had profit of $8.78.

Ford 2Q profit up 19% on strong prices, sales increase

By TOM KRISHERAP Auto Writer DETROIT (AP) _ Ford Motor Co.'s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales.

Monro: Fiscal Q1 Earnings Snapshot

ROCHESTER, N.Y. (AP) _ Monro Muffler Brake Inc. (MNRO) on Wednesday reported fiscal first-quarter profit of $12.5 million. On a per-share basis, the Rochester, New York-based company said it...

Penske: Q2 Earnings Snapshot

BLOOMFIELD HILLS, Mich. (AP) _ Penske Automotive Group Inc. (PAG) on Wednesday reported second-quarter profit of $374 million. On a per-share basis, the Bloomfield Hills, Michigan-based company said it had net...

Group 1 Automotive: Q2 Earnings Snapshot

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Wednesday reported second-quarter net income of $190.6 million. On a per-share basis, the Houston-based company said it had net income of $11.90....

 Hobbled by chip, other shortages, GM profit slides 40% in Q2

By TOM KRISHERAP Auto Writer DETROIT (AP) _ General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the...

Dorman Products: Q2 Earnings Snapshot

COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Monday reported second-quarter profit of $37.9 million. The Colmar, Pennsylvania-based company said it had net income of $1.20 per share....