UPDATED: 7/27/17 10:40 am ET - adds details

FCA Q2 operating profit rises 15% on N.A., Maserati gains

Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati.

VW plans software update for 4 million cars to cut emissions

VW Group will offer software updates for 4 million diesel cars in Germany to reduce emissions. Automakers are under pressure from German regulators and politicians to clean up diesel engines.