logo
Rétromobile Is Heading to New York

Rétromobile Is Heading to New York

New York Times2 days ago
In February over five days at the Paris Expo Porte de Versailles convention center, 146,000 people attended an event that has been on the Paris show calendar since 1976.
There were oysters from Normandy, Champagne and caviar, along with $300 driving shoes and $1,000 leather jackets. But the classic cars — plus the vintage automobile headlights, taillight lenses, radios and other bric-a-brac for sale on nearby tables — were a sure sign that this was not a fashion gala. Rather, it was a car show, French style. Rétromobile to be exact, an indoor colossus that is coming to the Javits Convention Center for the first time in November 2026.
Rétromobile is unknown to many Americans who are not immersed in the international vintage car scene. It combines a high-end, classic car auction with displays from European and North American classic car dealers and parts sellers. There are vendors of virtually every classic-car product imaginable, including apparel and automotive artwork. In an interview in June, David Gooding, founder of the auction company Gooding & Company, compared it to Art Basel for cars.
The show's ability to surprise and delight with pieces like World War I tanks and early steam-powered vehicles are its calling card. There are no corn dogs or fried Twinkies, but plenty of lobster salad and French wines. Now the big question is, will the show strike a similar chord with a predominantly American audience?
Attendance at Rétromobile Paris has been rising since the pandemic, to 146,000 last year from 122,000 in 2022.
Want all of The Times? Subscribe.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil prices little changed as investors eye impact of new sanctions on Russia
Oil prices little changed as investors eye impact of new sanctions on Russia

Yahoo

time35 minutes ago

  • Yahoo

Oil prices little changed as investors eye impact of new sanctions on Russia

SINGAPORE (Reuters) -Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth. Brent crude futures rose 5 cents to $69.33 a barrel by 0040 GMT after settling 0.35% higher on Friday. U.S. West Texas Intermediate crude was at $67.36 a barrel, up 2 cents, following a 0.30% gain in the previous session. The European Union approved on Friday the 18th package of sanctions against Russia over the conflict in Ukraine, which also targeted India's Nayara Energy, an exporter of oil products refined from Russian crude. Kremlin spokesperson Dmitry Peskov said on Friday that Russia had built up a certain immunity to Western sanctions. Rosneft, Russia's biggest oil producer with a stake in Nayara, on Sunday criticised the sanctions as unjustified and illegal, saying the restrictions directly threatened India's energy security. Iran, another sanctioned oil producer, is due to hold nuclear talks in Istanbul with Britain, France and Germany on Friday, an Iranian Foreign Ministry spokesperson said on Monday. That follows warnings by the three European countries that a failure to resume negotiations would lead to international sanctions being reimposed on Iran. In the U.S., the number of operating oil rigs fell by two to 422 last week, the lowest since September 2021, Baker Hughes said on Friday. Separately, U.S. tariffs on imports from the European Union are set to kick in on August 1, although U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States could secure a trade deal with the bloc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Nolato AB (FRA:NBF) Q2 2025 Earnings Call Highlights: Strong Growth Amid Currency Challenges
Nolato AB (FRA:NBF) Q2 2025 Earnings Call Highlights: Strong Growth Amid Currency Challenges

Yahoo

time35 minutes ago

  • Yahoo

Nolato AB (FRA:NBF) Q2 2025 Earnings Call Highlights: Strong Growth Amid Currency Challenges

Revenue: SEK2.4 billion, with a currency-adjusted organic growth of 4%. EBITA Margin: Increased by 1.6 percentage points to 11.6%. Operating Profit: Increased by 13% to SEK277 million. Medical Solutions Sales: SEK1.350 million, a 5% increase adjusted for currency. Medical Solutions Operating Profit: SEK170 million. Engineered Solutions Sales: Increased by 1% adjusted for currency. Engineered Solutions EBITA Margin: 11.2%, an increase of 1.2 percentage points. Effective Tax Rate: Decreased to 20.3%. Net Investments: SEK188 million, with high CapEx for expansion in Hungary. Cash Flow After Investments: SEK128 million, compared to SEK336 million last year. Earnings Per Share: Increased to SEK0.79 from SEK0.63 last year. Return on Capital Employed: Increased to 13.4%. Net Financial Liabilities to EBITDA: 0.7x after dividends of SEK404 million. Warning! GuruFocus has detected 6 Warning Signs with FRA:NBF. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Nolato AB (FRA:NBF) reported a currency-adjusted organic growth of 4% in sales, reaching nearly SEK2.4 billion. The EBITA margin increased by 1.6 percentage points to 11.6%, with operating profit rising by 13% to SEK277 million. The Medical Solutions business area saw a 5% increase in sales, adjusted for currency, and an operating profit increase to SEK170 million. The company is expanding its operations in Hungary and establishing new operations in Malaysia to support growth in Asia. Earnings per share increased to SEK0.79 from SEK0.63 the previous year, indicating improved profitability. Negative Points Nolato AB (FRA:NBF) faced strong currency headwinds, impacting financial performance. The automotive market within the Engineered Solutions business area is experiencing weaker market conditions. High capital expenditures, particularly for expansion in Hungary, resulted in a decrease in cash flow after investments to SEK128 million from SEK336 million. The company is still working on improving margins in the US, which are currently below the rest of the segment. Overcapacity issues in China have not yet been fully resolved, affecting utilization rates. Q & A Highlights Q: In the Medical Solutions segment, you reported 5% organic growth. Can you elaborate on the growth drivers and the importance of the eye business to the group's sales and profitability? A: The eye business is not a significant part of the group but has shown good growth this quarter. The profitability aligns with our business area targets. This growth is due to additional business with existing customers. Q: Could you provide details on the expansion in Malaysia, particularly regarding its impact on production and whether it will replace any Chinese operations? A: The expansion in Malaysia adds 3,500 square meters and focuses on consumer electronics for Engineered Solutions and drug delivery products for Medical Solutions. It is an addition for new growth opportunities, not a replacement for Chinese operations. Q: The Medical segment showed impressive margins this quarter. Can you explain the factors contributing to this improvement and the role of the US market? A: The margin improvement is due to broad-based efforts, including pricing, cost adjustments, and efficiency improvements. The US market is part of this improvement, but the overall margin enhancement is a result of global efforts. Q: Regarding Engineered Solutions, how is the overcapacity issue in China affecting margins, and is it resolved? A: The overcapacity issue in China is improving and contributing to margin improvements. While not yet at the business area target, there is still room for further improvement. Q: With the recent margin improvements, are there still opportunities for further margin increases, or are they becoming limited? A: While the recent speed of margin improvement has been high, we are confident in reaching our midterm target of 12% for the group. Future improvements may not be as rapid, but we are on track to meet our goals. Q: With ongoing expansion investments, should we expect above-average CapEx in 2026 as well? A: While it's early to predict exact numbers, we anticipate continued high growth, which will require additional CapEx. Although 2025 has seen high CapEx, we expect a decline in 2026, but it will remain above previous levels. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

Oil prices little changed as investors eye impact of new sanctions on Russia
Oil prices little changed as investors eye impact of new sanctions on Russia

Yahoo

timean hour ago

  • Yahoo

Oil prices little changed as investors eye impact of new sanctions on Russia

SINGAPORE (Reuters) -Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth. Brent crude futures rose 5 cents to $69.33 a barrel by 0040 GMT after settling 0.35% higher on Friday. U.S. West Texas Intermediate crude was at $67.36 a barrel, up 2 cents, following a 0.30% gain in the previous session. The European Union approved on Friday the 18th package of sanctions against Russia over the conflict in Ukraine, which also targeted India's Nayara Energy, an exporter of oil products refined from Russian crude. Kremlin spokesperson Dmitry Peskov said on Friday that Russia had built up a certain immunity to Western sanctions. Rosneft, Russia's biggest oil producer with a stake in Nayara, on Sunday criticised the sanctions as unjustified and illegal, saying the restrictions directly threatened India's energy security. Iran, another sanctioned oil producer, is due to hold nuclear talks in Istanbul with Britain, France and Germany on Friday, an Iranian Foreign Ministry spokesperson said on Monday. That follows warnings by the three European countries that a failure to resume negotiations would lead to international sanctions being reimposed on Iran. In the U.S., the number of operating oil rigs fell by two to 422 last week, the lowest since September 2021, Baker Hughes said on Friday. Separately, U.S. tariffs on imports from the European Union are set to kick in on August 1, although U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States could secure a trade deal with the bloc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store