#autos

Ford raised 2026 adjusted EBIT guidance to $10B-$11B after Q2 adjusted EBIT reached $2.5B and adjusted EPS came in at $0.42. The auto maker still posted a $1.3B net loss tied to EV and BlueOval SK charges.

General Motors reported Q2 revenue of $48.0B and adjusted EPS of $3.57, above the $3.19 consensus cited by market data. The company lifted 2026 EBIT-adjusted guidance to $14B-$16B and adjusted EPS guidance to $12-$14.

Rivian $RIVN dropped about 10% after announcing a 75 million-share public offering, reversing Monday’s 8.1% gain and last week’s 19.2% advance. The company said underwriters will have a 30-day option for another 11.25 million shares, putting dilution at the center of the trade.

BMW (BMW.DE) fell about 8% after cutting its 2026 automotive EBIT margin outlook to 1-3% from 4-6%. The company cited a deeper China slowdown, Middle East conflict costs and a second-half restructuring charge.

$STLA fell as much as 10% even after Stellantis reported €38.1 billion of Q1 net revenue, €960 million of adjusted operating income, and a return to net profit.

General Motors $GM raised 2026 EBIT-adjusted guidance to $13.5B-$15.5B after first-quarter EBIT-adjusted rose 21.9% to $4.253B. A favorable tariff adjustment of about $500M lowered expected 2026 gross tariff costs to $2.5B-$3.5B.