Stronger sales pushed Ford’s revenue up 14 per cent to $33.1 billion.
General Motors earned $2.5 billion in the second quarter. That’s the company’s sixth consecutive quarterly profit, and an increase from the $1.3 billion they made in the second quarter last year.
Chrysler is reporting a second-quarter loss, but the company says it would have made money without expenses from paying off government loans.
Ford posted a $2.4 billion dollar second quarter profit, coming in right where analyst expected.
Toyota’s second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars, especially in the key U.S. market, after massive recalls.
Kellogg Co.’s third-quarter net income fell 6 percent as cereal sales softened, competition intensified and the effects of a cereal recall lingered.
General Motors says it made $1.33 billion in the second quarter, a sign of growing strength as the company prepares to sell stock to the public.
The Italian automaker Fiat, which controls Chrysler, on Wednesday reported a return to second-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise its 2010 forecasts.
Delta Air Lines reversed a second-quarter loss with with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.