Stephen Wilmot

The persistent strength of ASML’s business in China is getting awkward. Europe’s most valuable technology company, which manufactures machines that make microchips, reported second-quarter results Wednesday. One crucial detail: Revenue from system sales to China rose 20% on the quarter and accounted for 49% of the total—on a par with the record share in the January-to-March period.

Excess inventory of Jeep and RAM vehicles looms over an otherwise benign environment for Detroit's automakers

General Motors will kick off the automotive earnings season tomorrow with the wind at its back but hazards ahead. Both the U.S. market leader and crosstown rival Ford are expected to report record revenue as strong vehicle prices help to offset the impact of a stalling post-pandemic recovery in sales.

Did General Motors just call time on Detroit’s first-half boomlet? It is a full 180-degree turn: GM’s stock had been up in pre-market trading after the company announced second-quarter earnings. The largest U.S. automaker delivered a classic “beat and raise:” Adjusted operating profit and earnings per share beat analysts’ forecasts, and on the same adjusted basis it raised guidance for the full year.

The electric-vehicle pioneer’s second-quarter results showed a challenged car business, while its CEO just wants investors to think about autonomy.

The electric-vehicle pioneer's second-quarter results showed a challenged car business, while its CEO just wants investors to think about autonomy.

Six months ago, the manufacturers were penciling price declines into their forecasts for the year, but sales prices have turned out better than expected.

Nissan and Chrysler-owner Stellantis are focused on thinning out dealer lots, but not every brand is struggling.

Thursday is turning into a grim day for auto stocks, led by **Ford**, down 17%. The Detroit carmaker reported poor second-quarter results late on Wednesday, with an unexpected increase in warranty costs spooking investors.

After this week’s pileup of disappointing earnings from the likes of Tesla, Ford and Porsche, Mercedes-Benz's relatively uneventful results came as a relief. In the core car business, its adjusted operating margin came in at 10.2% last quarter, down from 13.5% a year earlier. Mercedes-Benz now expects that margin to be between 10% and 11% for the year, compared with previous guidance of 10% to 12%.