
Carmaker Stellantis sees half-year net loss of $2.68 billion, hit by tariffs
The group also sees net revenue of 74.3 billion euros, down 12.6% year-on-year, as overall second-quarter shipments fell by 6% compared to last year, to an estimated 1.4 million vehicles, it said in a statement.
($1 = 0.8595 euros)
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Reuters
a minute ago
- Reuters
India's Titan first quarter profit rises more than 50% on higher gold prices
Aug 7 (Reuters) - Indian jeweller and watchmaker Titan ( opens new tab reported a 52.5% rise in first-quarter profit on Thursday, due to higher gold prices, even as budget-conscious consumers traded down to low-carat, lightweight designs. Titan, home to Tanishq and CaratLane jewellery brands, posted a profit of 10.91 billion rupees ($124.65 million) for the quarter ended June 30, compared with 7.15 billion rupees a year earlier. Spot gold rose 5.5% during the quarter, continuing its bullish run fuelled by investor flight to safe-haven assets due, in part, to U.S. trade jitters and tensions in the Middle East. Overall revenue rose 21% to 148.14 billion rupees. Though there was no improvement in the number of customers, like-for-like domestic sales growth was still in the "double digits", Titan said in its first quarter business update in July, citing steeper prices as Indian consumers bought investment-grade gold coins and turned to lower-carat gold jewellery. "Consumer confidence in gold as both adornment and store of value remains intact," Managing Director CK Venkataraman said in a statement. Overall sales in Titan's jewellery business, which includes its Zoya and Mia brands and accounts for the bulk of its top line, climbed 19% in the reported quarter. ($1 = 87.5240 Indian rupees)


Auto Blog
2 minutes ago
- Auto Blog
2026 Kia Carnival Gets Slightly Pricier—But 2025 Versions Offer Better Value
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. The Mazda CX-30 is a compact, sporty, utilitarian, and economically minded crossover SUV, but it's only marginally more expensive than an equivalent Mazda 3. View post: Why you Might be Better Off with a Mazda CX-30 over a Mazda 3 The 2025 Nissan Frontier is a solid midsize pickup that's often overlooked, but the automaker is sweetening the deal with enticing August lease offers. Manual Transmission Cars Available in 2026: From affordable commuters to high-end sports cars, and SUVs, here's what's left for the three-pedal faithful. The Nissan Ariya is already an affordable EV, and now the automaker is making it even easier to get behind the wheel with these enticing August lease deals. Kia's on Its Best Year Yet, Thanks to Traditional Models Kia is coming off its strongest first half of a calendar year yet, with 416,511 vehicles sold from January to June 2025 – a 12% increase over the same period last year. While its battery-electric offerings like the EV6 and EV9 saw notable year-over-year declines, the brand's hybrid and traditional models carried the momentum. Among the standouts was the Kia Carnival, which, alongside the Telluride, Sportage, and new K4, posted its best-ever first-half performance. With demand holding strong and production stable, Kia is keeping the 2026 Carnival updates modest – a negligible $190 MSRP bump across all trims, with no equipment or styling changes. But with 2025 models still on dealer lots – and nearly identical to the upcoming version – it may be worth looking at what's available now, especially with discounts already in place. By providing your email address, you agree that it may be used pursuant to Arena Group's Privacy Policy. 2025 Inventory Offers More Than Just Leftover Value Despite the minor MSRP increase for 2026, the 2025 Kia Carnival is already seeing noticeable price cuts in the market. Entry-level LX models are listed on at around $36,400, or about $1,000 off MSRP. Mid-level EX and SX variants typically carry similar discounts in the $1,000–$1,500 range. Some SX Prestige models are advertised at $48,400, which is a $1,500 drop from the sticker price. The 2025 Carnival Hybrid lineup shows even deeper cuts. Hybrid LXS units are available for as low as $38,600, undercutting MSRP by $2,400. High-spec Hybrid SX Prestige models can be had with discounts up to $2,700. Pricing for mid-tier hybrid trims like the EX and SX shows smaller reductions – roughly $500-$700 in most listings. In most cases, 2025 models are the better value, especially for buyers looking to avoid the price increase that comes with a new model year. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Source: Kia What's New for 2026? Not Much—And That's the Point Mechanically and visually, nothing changes for the 2026 Carnival. The gas version retains its 3.5-liter V6 (287 hp), paired with an eight-speed automatic and 21 mpg combined. The hybrid continues with its 1.6-liter turbo and electric motor combo (242 hp), returning 33 mpg combined. Standard equipment remains strong across the board, including a 12.3-inch infotainment screen, wireless Apple CarPlay/Android Auto, power sliding doors, and a full suite of driver-assist features. The value is already built in, making the discounted 2025 models an option worth considering before they disappear. Source: Kia


The Independent
3 minutes ago
- The Independent
Liverpool unwilling to be dragged into bidding war for Alexander Isak
Liverpool are reportedly pursuing Newcastle United striker Alexander Isak, but the Anfield club is understood to be unwilling to enter a bidding war, even as they anticipate a significant windfall from Darwin Nunez 's impending move to Saudi club Al Hilal. The 25-year-old Sweden international has been at the centre of transfer speculation, having been made to train alone on Wednesday after missing Newcastle's pre-season trips to Singapore and South Korea. Despite the Magpies ' repeated insistence that Isak, bought for £63m in 2022, is not for sale with three years remaining on his contract, the player has reportedly signalled his desire to explore options and resisted signing a new long-term deal. Liverpool 's admiration for Isak, who scored the winning goal against them in last season's Carabao Cup final, is well documented, with a substantial £110m bid already swiftly rejected. However, with Darwin Nunez's proposed 53million euros (around £46.3million) transfer to Al Hilal nearing completion, the Reds are reportedly encouraged by Isak's reluctance to commit his future, believing they may still be able to prise him from Eddie Howe's squad without escalating the price. That said, the Reds are understood to have drawn up a series of criteria which will govern their pursuit of the former AIK Solna and Borussia Dortmund forward, or indeed alternative targets. Among them are an insistence that any replacement must be of the required quality, must represent fair market value and perhaps most importantly, must be realistically attainable. In that context, Newcastle's asking price of £150m – which was designed to ward off potential suitors – would seem a significant obstacle, as would their long-held stance on his availability, although there is little doubt that he would meet the quality requirement having scored 27 goals in all competitions last season. In addition, the Magpies' interest in RB Leipzig's Benjamin Sesko looks unlikely to come to fruition with Manchester United confident they are in the driving seat, complicating the search for a credible replacement with Chelsea's Nicolas Jackson having being touted as an option. Newcastle were already in the market for a striker following Callum Wilson's departure at the end of last season, but plugging the gap left by a man around whom Howe would ideally want to build his team, during a summer which has already proved intensely difficult, would be both difficult and expensive. The alternative is to persuade Isak that his future remains at St James' at least in the short term – there is little doubt that his head has been turned – and that is a task which would take all his manager's estimable powers. It remains to be seen whether or not Liverpool will increase their offer for the player if and when the Nunez deal is finalised. They will bank a significant proportion of the 75m euros – around £65.4m – plus bonuses they paid Benfica for the 26-year-old Uruguay international in June 2022, having rebuffed advances from Saudi Arabia in January and Napoli, who are understood not to have met the club's valuation and to have wanted to pay the fee over five years, this summer.