Wednesday, October 28, 2026
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Auto industry
Q3 net revenue rose 1% to $42.1B (€37.6B), but the company lost $0.56B (€0.5B) and its adjusted operating margin was 0.7%, with industrial free cash flow at −$4.48B (−€4.0B). North America's margin improved 340 bps, and Stellantis kept its 2026 guidance and still expects positive industrial cash flow in 2027, per Stellantis.
Sources: Link
The other stories from Wednesday, October 28, 2026.
Mercedes reported higher group EBIT despite lower revenue and car sales. China fell sharply while U.S. sales rose.
Read the full summary →GM is preparing Lansing Delta Township for hybrid production. It has not named models or given a start date.
Read the full summary →Toyota's next hybrid-engine family targets fuel-economy gains above 15%. Those are development targets, not gains already in dealer inventory.
Read the full summary →Cox forecasts an October sales pace of 16.1 million and higher raw volume, helped by more selling days.
Read the full summary →Mazda is folding the two-row CX-70 into the CX-90 lineup for 2027. Stores will explain seating choices within one nameplate.
Read the full summary →Lithia bought four Gossett Kia and Hyundai stores in Memphis, more than doubling its local footprint.
Read the full summary →Group 1 completed its purchase of 10 Hennessy dealerships and now has 15 Atlanta stores.
Read the full summary →Ford reports Q3 results after today's close, with its call at 5 p.m. ET.
Read the full summary →Penske's total retail F&I revenue and income per unit both fell. Same-store F&I per unit declined to $1,734.
Read the full summary →Penske skipped its earnings call ahead of a pending $212-a-share take-private deal expected to close in Q1 2027.
Read the full summary →Group 1's F&I revenue fell 10.4%, more than the 3.6% decline in income per retail unit.
Read the full summary →Mercedes-Benz Financial Services reported a 13.8% adjusted return on equity in Q3.
Read the full summary →S&P expects slower auto asset-backed securities issuance in Q4 after a modest gain through September.
Read the full summary →Average loan terms reached 69.5 months as rates eased. Longer terms help payments but extend the time buyers remain in debt.
Read the full summary →Certified vehicles took about 46 days to sell in Q3. The CPO turn rate softened for a second straight quarter.
Read the full summary →Sonic and Credit Acceptance report Oct. 29. AutoNation follows before the open Oct. 30.
Read the full summary →