Latest news with #Tavares
TimesLIVE
21-07-2025
- Automotive
- TimesLIVE
Stellantis expects $2.7bn first-half loss as restructuring costs, US tariffs bite
Under Tavares, industry experts said Stellantis had priced itself out of the US market and failed to update popular models, leaving the company with vast numbers of unsold cars. Stellantis' North American sales fell 25% year-on-year in the second quarter, it said on Monday, showing the carmaker still has a long way to go. Stellantis also said it was seeing weak demand in Europe, especially for vans. The carmaker's shares fell 2.1% in morning trade, and are down 37% since the start of the year. Rival Renault's shares fell 18% last week when it issued a profit warning citing softening demand for cars and vans in Europe. Last year Stellantis imported more than 40% of the 1.2-million vehicles it sold in the US, mostly from Mexico and Canada. In April this year, the company said it had reduced vehicle imports in response to tariffs and would calibrate 'production and employment to reduce impacts on profitability'. Stellantis suspended its profit forecasts for 2025 due to uncertainty about tariffs, but said on Monday it was publishing its unaudited preliminary financial data to align analyst forecasts with the group's performance. The group's first-half revenue totalled €74.3bn (R1.53-trillion), down from €85bn (R1.75-trillion) in the first half of 2024 but up from the second half of 2024 when revenue totalled €71.8bn (R1.48-trillion). 'Results reflect the early stages of actions being taken to improve performance and profitability, with new products expected to deliver larger benefits in the second half of 2025,' JPMorgan analysts said in a note. Stellantis said it burnt through €2.3bn (R47.47bn) cash in the first half. Overall second quarter shipments fell by 6% compared with the same period last year, to an estimated 1.4-million vehicles, it said.
Fashion Network
17-07-2025
- Business
- Fashion Network
ModaLisboa and PVH Foundation empower young talent with full fashion scholarship
With a mission to champion inclusion and elevate emerging talent, ModaLisboa —backed by the PVH Foundation—has wrapped the second edition of its 'Tomorrow' program. This year's standout moment: the awarding of a €15,000 scholarship to Celízia Tavares, a young woman of Cape Verdean descent, who will pursue an 18-month fashion course of her choice at Modatex Porto. The scholarship covers full tuition, accommodation, and meals, providing Tavares with the opportunity to pursue advanced training and make a meaningful contribution to the Portuguese fashion scene. 'In 2025, the 'Tomorrow' program once again mobilized the metropolitan areas of Lisbon and Porto,' ModaLisboa stated in a press release. The initiative included outreach activities in secondary schools, engaging 500 classes through workshops designed to challenge industry stereotypes and foster diversity. From this outreach, 10 young participants were selected through a rigorous process that emphasized talent and diversity. They were invited to Lisbon for a five-day immersive residency, where they participated in intensive, multidisciplinary training led by industry professionals known for innovative and socially conscious work. The program concluded with the awarding of the 'Amanhã' scholarship (Portuguese for 'Tomorrow') to Tavares. ModaLisboa described the award as a way to 'enable continued specialization with potential impact on the national market.' For Tavares, the opportunity is deeply personal. 'The scholarship will have a big impact on everything I stand for—and everything my parents stand for,' she said. 'I want to study fashion design and bring Cape Verde's lost culture into everyday life. There's a lot of culture that young people are forgetting. I want to reflect that richness in fashion and show the world what Cape Verde has to offer.'
Boston Globe
10-07-2025
- Entertainment
- Boston Globe
Post 1917 opens in Lexington; Kowloon celebrates a big birthday
Advertisement Parties : Saugus's legendary Kowloon (948 Broadway) celebrates its 75th anniversary with a gala block party on Wednesday, Aug. 20, at 7 p.m. A $150 ticket includes a buffet, plus appearances from throwback musical sensations Tavares and Starship. Proceeds benefit the Joey Fund for cystic fibrosis research. Get tickets at The Kowloon restauraunt in Saugus. Josh Reynolds Collaborations : Now, there are more ways to enjoy Dumpling Daughter 's Roxy's Grilled Cheese (292 Mass. Ave.) introduces a Dumplin' Melt, stuffed with their pork-and-chive dumpling filling and signature soy, topped with cheese and melted onto Iggy's sourdough. And, at Tavern in the Square (multiple locations), crispy chicken dumplings with mango slaw, a Dumpling Daughter staple, are now a permanent menu item. Advertisement Kara Baskin can be reached at
Yahoo
30-06-2025
- Sport
- Yahoo
Double Play: Tavares, Knies Extensions Give Maple Leafs Financial Clarity
The Toronto Maple Leafs headed into the 2025 off-season knowing they had to do smart business when it came to signing their pending free agents. And while one of those free agents – star right winger Mitch Marner – seems almost guaranteed to be leaving the team as a UFA, Maple Leafs GM Brad Treliving hit home runs this weekend with the signings of star center John Tavares and up-and-coming power forward Matthew Knies. On Friday, Tavares signed a four-year contract extension at an average annual value of $4.38 million. And late Sunday afternoon, reports surfaced that Knies had agreed to a six-year contract that will carry an annual cap hit of $7.75 million. Getting both Tavares and Knies signed at a combined cap hit that is slightly more than the $11 million Tavares was making this past season has to be seen as nothing short of a huge victory for Treliving. Advertisement For one thing, the Leafs now have the 34-year-old Tavares locked up for what could be his final NHL contract – and one that has an off-ramp in the final two years of the deal that allows Tavares to be traded to one of five teams of his choosing if things don't pan out positively. There was no early word of whether Knies has any no-trade or no-move protection in his new deal, but regardless, the Leafs have to be thrilled that they're finalizing a deal with the 22-year-old left winger, who will play on Toronto's first line alongside superstar Auston Matthews for the foreseeable future. Indeed, after Knies' first NHL season in which he posted a respectable 15 goals and 35 points, Knies had a breakout year in 2024-25, putting up 29 goals and 58 points. Knies' rugged physical game is exactly what the Leafs need more of, and his five-goal, seven-point performance in 13 playoff games this year speaks to Knies' ability to translate his regular-season success into post-season success. At a time when the salary cap ceiling is going up exponentially in the next few years, Tavares' and Knies' new contracts are going to be excellent for Treliving and Co. Tavares still has multiple years left of solid play, and he accepted well below market value to stay with his hometown team. Meanwhile, the Leafs haven't had a power forward of Knies' caliber since the days of Gary Roberts – and even then, Toronto didn't get Roberts until well into his NHL heyday. With Knies, the best is yet to come, and after Sunday's agreement, Knies is still going to get another considerable financial kick at the can once his new deal ends when he's still only 28 years old. John Tavares, Auston Matthews and Matthew Knies (Eric Hartline-Imagn Images) Any way you look at it, the Knies and Tavares extensions are terrific work by Maple Leafs brass. It's going to hurt in the next couple of days when Marner officially departs, but it's a great consolation to know that Toronto will have two key components under contract for at least the next four years. Advertisement Treliving deserves a lot of credit for getting these two deals done, but Leafs Nation also has to be stoked that Tavares and Knies both took less money than they could've received elsewhere to be wearing Blue and White for a long time to come. All in all, the Knies and Tavares extensions are massive wins for Treliving, and the financial picture in Toronto is far clearer today than it was only days ago. Get the latest news and trending stories by following The Hockey News on Google News and by subscribing to The Hockey News newsletter here. And share your thoughts by commenting below the article on
Scotsman
30-06-2025
- Sport
- Scotsman
what winger's departure means for summer activity
Fringe players offloaded, Bushiri tied down - now attention turns to Nectar Triantis, striker hunt Sign up to our Hibs football newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Hibs have continued their summer clear-out to make way for crucial new signings, with forgotten winger Jair Tavares the latest to depart the club – a full year before his contract expires. The 24-year-old, who spent last season on loan to Motherwell, has come to a settlement with the club that allows him to leave Easter Road by mutual consent, effectively becoming a free agent. The signing of Tavares was hailed as 'a real coup' by then-boss Lee Johnson when the former Benfica B star moved to Hibs on a four-year deal in the summer of 2022. By the time Nick Montgomery arrived to replace Johnson as manager in September of 2023, however, the undoubtedly skilful wide man had been completely frozen out of the first team squad. Advertisement Hide Ad Advertisement Hide Ad Revived and revitalised under Monty, Tavares fell out of the picture when David Gray took over last summer. New sporting director Malky Mackay immediately began looking for ways to offload the attacker, striking a season-long loan deal with Motherwell. Tavares made limited impact at Motherwell But Tavares made just two starts in an injury-affected season for the Fir Park club. Unlikely to feature as wingback in the 3-5-2 system that helped Hibs turn their season around, he found himself without the prospect of much game time in the final year of his contract. 'Jair hasn't had as much game time as he'd have liked over the last few seasons, so it makes sense for both parties to come to this agreement,' said Gray, the gaffer adding: 'At 24, he still has the opportunity to develop, and we wish him nothing but the best with the next steps in his career.' Wider summer refresh of squad planned by David Gray The departure of Tavares is part of a wider summer mission to reshape the first team squad under Gray, who still plans to make a small number of key signings – nothing like the dozen who came in during his first close season as gaffer – between now and the transfer window shutting on September 1. In recent weeks, Hibs have pocketed £1 million from Heerenveen for unwanted Dutch striker Dylan Vente following his successful season-long loan with Eredivisie club PEC Zwolle, while Nathan Moriah-Welsh was sold to Mansfield town for an undisclosed fee. Advertisement Hide Ad Advertisement Hide Ad In a summer that has already seen Hibs land former Dundee regular Josh Mulligan and ex-Aberdeen attacking midfielder Jamie McGrath, as well as recruiting goalkeeper Raphael Sallinger, the Edinburgh side – who finished third in the Scottish Premiership last season – have already secured one major 'signing' by securing Rocky Bushiri on a new three-year contract. The Democratic Republic of Congo centre-half had allowed his previous deal to expire, and was exploring other options, before deciding to stay at the club he joined in January of 2022. A lot of effort is still being expended on securing Sunderland prospect Nectar Triantis, who excelled in his second loan stint with Hibs last season. With the Black Cats bound for the Premier League after their play-off heroics, they're listening to offers on another loan deal for a player with two years left on his contract – but would let Triantis move on a permanent basis for a fee in the region of £1 million. Gray remains in the market, meanwhile, for at least one striker. The retirement of Dwight Gayle, sale of Vente and departure of Mykola Kuharevich leaves Hibs short of bodies at the top end of the park – for now.
