UPDATED: 7/26/17 8:37 am ET - adds details

Ford profit edges up on lower tax rate

Ford posted second-quarter net income of $2.04 billion, up 3.7 percent from the same period a year ago because of a favorable tax rate. Revenue rose slightly to $39.85 billion.

Daimler earnings rise as cartel allegations cloud gains

Daimler, reeling from allegations of decades-long collusion with other German automakers, reported a 15 percent jump in second-quarter profit as its Mercedes brand delivered another double-digit boost to revenue.

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