Rivian Automotive Inc. has reported a second-quarter adjusted EBITDA loss of $379 million, which is better than analysts’ expectations of a $548 million deficit. The company’s revenue was $1.66 billion, exceeding estimates of $1.52 billion. Rivian has attributed the improved…
Amazon reported a significant surge in profit, with fiscal second-quarter net income reaching $62.65 billion, driven by a 37% increase in AWS sales, the fastest growth in 18 quarters. Net sales rose 20% to $200.6 billion, exceeding analyst expectations of…
Italian tire giant Pirelli & C. SpA has posted higher second-quarter earnings and sales for the three months ended 30 June, as currency headwinds eased. Second-quarter revenue rose 1.0% year-on-year to €1.76 billion from €1.74 billion a year earlier. Excluding…
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant downturn in the Chinese market and challenging operating conditions worldwide, the company is maintaining a clear course. In…
Online used-car retailer Carvana reported a record second-quarter adjusted EBITDA of $769 million on July 29, 2026, beating the $766 million average of analyst estimates. However, shares plunged 15% in after-hours trading after the company revealed slower sales growth and…
PACCAR, the parent company of Kenworth, Peterbilt, and DAF, will continue selling its current heavy-duty truck engine configurations that do not meet the upcoming 2027 emissions standards, executives confirmed during the company’s second-quarter 2026 earnings call. The decision comes as…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…
Coca-Cola raised its full-year 2026 guidance after posting strong quarterly results, now forecasting organic sales growth of 5%—up from a prior range of 4% to 5%—and earnings-per-share growth of up to 8%, an increase of one percentage point. The beverage…
Oil prices slipped further on Monday as the United States and Iran held off from escalating their intermittent conflict, with mediators reporting progress toward restarting stalled negotiations. Brent crude, the global oil benchmark, dropped $1.35 to $84.52 per barrel, extending…