Car parts maker Magna International reported a higher than expected rise in second-quarter profit on Wednesday and raised its earnings guidance for the full year, Reuters said. Magna reportedly said the results were driven by an 18% jump in sales and added that, while overall car sales were flat to weaker in the quarter, manufacturers used more of its parts in vehicles than a year earlier. According to Reuters, the company said net income rose to $174 million, or $1.76 a share, in the quarter ended June 30, from $159 million, or $1.63 a share, a year earlier, while sales rose to $3.85 billion from $3.27 billion.