The operating profit of the German Daimler rose 54 % thanks to the release of new premium models, which helped the automaker neglect the slowing sales in the Chinese market and improve the profitability of car division Mercedes-Benz.
Daimler's revenue in the second quarter rose 19 % to 37.5 billion euro, and the net profit rose 8 % to 2.37 billion euro, the company said.
The selling start of the new version of top model C-Class in the world market has helped Mercedes to increase its operating margin, increasing the adjusted EBIT to 3.8 billion euro, which exceeded the forecast of analysts polled by Reuters, which was to 3.31 billion euro EBIT.
Sales of cars of concern in the second quarter rose 14 percent to 714.800 units.
Net profit of General Motors Co. (NYSE: GM) in the 2nd quarter of 2015 jumped 5.5 times and was $ 1.1 billion versus $ 200 million for the same period last year, according to a press release of the largest US carmaker.
The adjusted profit of the group was $ 1.29 per share, significantly exceeding the forecast of analysts surveyed by Bloomberg, who expected a rate of $ 1.06 per share.
At the same time, GM quarterly revenue fell to $ 38.2 billion from $ 39.6 billion. The market expected an increase in revenue up to $ 40.4 billion.
North American division doubled adjusted EBIT to $ 2.8 billion on higher sales of light pickups. European operations reached a proftable level compared to a loss of $ 0.3 billion in the second quarter of last year. In South America, the company received a loss of $ 0.1 billion, as a year ago.
GM owns such brands as Baojun, Buick, Cadillac, Chevrolet, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling.
The largest South Korean automaker - Concern Hyundai Motor Co. - has reduced net profit by 24% in the 2nd quarter, up to 1.8 trillion won ($ 1.5 billion). According to the report, profit fell on a sales decline in the United States and China, the major markets of Hyundai.
The profit was slightly worse than the average forecast of analysts surveyed by Bloomberg, which was 1.74 trillion won. The index declined for the first six consecutive quarters.
The company's revenue in April-June remained virtually unchanged in annual terms, amounting to 22.8 trillion won.
Fiat Chrysler Automobiles N.V. (FCA) has announced that its subsidiary company Ferrari N.V. I filed for an IPO on the NYSE.
The organizers are: UBS, BofA Merrill Lynch and Banco Santander (MADRID: SAN).