Volkswagen reported Friday that group sales globally rose 3.7 percent in June to 827,800 cars, the smallest gain since March, as deliveries in core European markets keep falling.
Six-month sales were up 5.5 percent to a record 4.7 million autos, the Germany-based automaker with a plant in Chattanooga said.
North American sales were up 12.3 percent in the first half.
Lower expenses and fewer bad loans helped lift Wells Fargo's second-quarter profit by 20 percent, the company reported Friday.
The cost-cutting and improved loan quality helped the nation's biggest U.S. mortgage lender overcome meager revenue growth.
Net income rose to $5.27 billion from $4.40 billion a year earlier, excluding dividend payments on preferred stock. On a per-share basis, earnings were 98 cents, beating the 93 cents forecast by Wall Street.
Revenue edged up to $21.4 billion from $21.3 billion and exceeded Wall Street expectations.
The company's stock rose 74 cents, or 1.8 percent, to $42.63 in trading Friday.
Interest rates on mortgages have risen sharply in recent weeks, and analysts are concerned about the potential impact on its mortgage business.