Chrysler is recalling nearly 50,000 vehicles over a seat belt defect that could increase the risk of injury in a crash, according to federal regulators.

The recall affects certain 2023-2025 Dodge Hornet and 2023-2026 Alfa Romeo Tonale vehicles, according to the National Highway Traffic Safety Administration (NHTSA).

A total of 48,777 vehicles are covered by the recall, the NHTSA said in its announcement, noting that an estimated 1.6% have the defect.

CHRYSLER RECALLS 1.27M RAM PICKUPS OVER POTENTIAL SEAT BELT SAFETY ISSUE

The recall was issued because the rear outboard seat belts may become twisted and fail to retract properly.

A seat belt that does not retract may fail to properly restrain an occupant, increasing the risk of injury in a crash.

SOME OLDER FORD VEHICLES POSE ‘UNREASONABLE’ SAFETY RISKS, REGULATORS WARN

The NHTSA said that drivers can take their cars to a dealer, so the seat belt retractors can be replaced, free of charge.

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Notification letters will be sent to owners starting on September 24.

MELBOURNE — Shares in CAR Group Ltd jumped nearly 10% Monday after the company behind Australia’s largest online car marketplace, carsales.com.au, reported a double-digit rise in annual profit and lifted its dividend, capping a strong finish to the 2026 financial year.

The stock closed at $29.70, up $2.68, or 9.92%, on the Australian Securities Exchange, adding more than $900 million to the company’s market capitalization in a single session. The rally came after CAR Group reported reported net profit after tax of $314 million for the year ended June 30, up 14% from the prior year, alongside proforma revenue of $1.253 billion, a 12% increase in constant currency terms.

Adjusted net profit after tax, the company’s preferred earnings measure, reached $407 million, up 11% on a constant currency basis and 8% in Australian dollar terms after accounting for foreign exchange headwinds. The company said it maintained an EBITDA margin of 56% for the year despite continued investment in artificial intelligence infrastructure and expansion into new product categories, and reported 100% conversion of EBITDA to cash.

CAR Group also raised its final dividend to 43.5 cents per share, up from 41.5 cents a year earlier, extending a track record of dividend growth that has made the stock a consistent presence in Australian income portfolios.

Chief Executive William Elliott, who took over the role in August 2025 after Cameron McIntyre stepped down following 18 years in charge, said the results reflected the company’s push to expand beyond its roots as a classifieds business. “We continued to move beyond traditional classifieds, building connected automotive ecosystems that support customers across more of the vehicle ownership journey,” Elliott told investors.

Elliott pointed to product launches across the group’s international markets as a driver of the year’s performance. In Australia, the company recently rolled out Nexgate, a platform combining dealer workflow tools and data services under a single brand, alongside upgrades to search and personalization features aimed at improving the customer experience. “In Australia, we recently launched Nexgate, bringing together a broader suite of dealer workflow and data solutions,” he said.

The company’s four geographic segments all posted growth in constant currency terms. Australia, anchored by the flagship carsales.com.au marketplace, generated revenue of $519 million, up 7%, with adjusted EBITDA rising 8% as the business benefited from a mix of pricing gains, higher volumes and expanded product depth. North America, where CAR Group operates the Trader Interactive platform, delivered $327 million in revenue, a 12% increase, with earnings growing at the same pace.

Latin America was the standout performer, with the Webmotors platform in Brazil posting the fastest earnings growth in the group, up 23% in constant currency terms. Asia, which includes the Encar marketplace in South Korea, saw earnings climb 14% for the year, helped by the continued rollout of the company’s Guarantee 2.0 vehicle inspection and warranty program and growth in its Encar Home Services and Dealer Direct offerings. “In South Korea, the scaling of Guarantee 2.0 is creating a more seamless experience across the vehicle transaction journey,” Elliott said.

Looking ahead, CAR Group issued guidance for the 2027 financial year, forecasting revenue growth of between 11% and 14% and earnings growth of between 10% and 13%, both on a constant currency basis. The company flagged that foreign exchange remains a headwind, citing a roughly 2% negative impact on FY26 results tied largely to the U.S. dollar and South Korean won, with a similar drag expected in the year ahead. Executives also indicated that margins in North America and Asia could contract slightly in FY27 as the company continues to invest in its marine listings expansion in the United States and the scaling of its Dealer Direct service in South Korea.

The results build on guidance CAR Group issued at the half-year mark, when the company pointed to proforma revenue growth of 12% to 14% and adjusted profit growth of 9% to 13%, both in constant currency terms, based on half-year revenue of roughly $626 million. Monday’s full-year numbers landed within or ahead of that range, reinforcing investor confidence in the company’s ability to sustain growth across its international portfolio.

CAR Group, formerly known as Carsales.com Ltd, listed on the Australian Securities Exchange in September 2009 and has since grown from a single domestic classifieds site into a global operator of vehicle marketplaces spanning Australia, North America, South Korea, Brazil and Chile. The company holds a dominant position in the Australian market, where it has said its flagship platform commands roughly nine times the total time spent by users compared with its nearest competitor.

The stock’s advance Monday outpaced the broader market, with the S&P/ASX 200 Communication Services index, which tracks CAR Group alongside other media and internet companies, posting a more modest gain for the session. The move followed a period of steady but comparatively muted trading for the stock in the weeks leading up to the results, including a 3.54% rise on August 4 and a more modest 0.85% gain on August 6, as investors awaited the full-year figures.

Analysts have generally maintained bullish coverage of the stock heading into the results, with earlier commentary noting the company’s consistent earnings growth and its strategy of expanding into adjacent markets and services beyond core vehicle listings. Monday’s share price reaction suggests investors viewed the FY26 results, along with the accompanying FY27 outlook, as validation of that broader strategy.

CAR Group’s next major investor update is expected to come with its half-year results early in 2027, when the company is likely to provide a progress check against the guidance issued Monday.

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LONDON — Emirates and Arsenal unveiled a striking new sculpture at Emirates Stadium on Sunday, transforming decommissioned parts from the airline’s Airbus A380 and Boeing 777 aircraft into a 2.4-meter-high replica of the club’s famous crest, marking two decades of partnership between the airline and the Premier League club.

Dubbed “The Aircrafted Arsenal Crest,” the illuminated installation was unveiled ahead of Arsenal’s Emirates Cup match against Borussia Dortmund, timed to celebrate the 20th anniversary of the Emirates-Arsenal partnership and its extension through 2033. The unveiling also came shortly after Arsenal’s Premier League title win last season, adding further significance to the occasion.

Nothing goes to waste when it’s built to last.

Reforged from retired aircraft parts, the Arsenal crest is ready for its next chapter with Emirates. 🔥🔨 pic.twitter.com/qPwpDtvrtY

— Emirates (@emirates) August 9, 2026

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The sculpture was designed and built entirely in-house by Emirates Engineering’s Aircraft Material Upcycling team, based in Dubai. A team of 15 specialists, including engineers, designers, mechanics, technicians and painters, completed the project in 34 days, combining techniques from aviation manufacturing with the visual identity of one of English football’s most recognizable emblems.

At the heart of the sculpture sits Arsenal’s iconic cannon, reconstructed using components salvaged from an Emirates Airbus A380. A main landing gear wheel hub forms the center of the cannon’s wheel, while a section of titanium bleed air duct was cut and reshaped to form the barrel. Lightweight composite floor panels were layered and built up to give the cannon its three-dimensional form.

The shield behind the cannon was built from sheets of Boeing 777 aluminum fuselage skin, with aircraft cargo tracks adapted to form its outer edge and internal structure. Additional cargo floor panels and roller components salvaged from retired aircraft were repurposed throughout the piece. The lettering spelling out “Arsenal” was individually shaped from aircraft window frames and fitted with warm white lighting, while further lighting beneath the sculpture’s base illuminates both the piece and its custom-built black tile plinth.

Before assembly, the aircraft components were selected specifically for their strength, shape and potential to be reworked, then cleaned, cut, curved, machined, riveted and assembled by Emirates Engineering specialists in Dubai. Once complete, the sculpture was painted to match Arsenal’s official club colors, fitted with its lighting system, and flown from Dubai to London aboard an Emirates SkyCargo freighter ahead of its installation at Emirates Stadium.

The cannon motif at the center of the sculpture has featured in every version of Arsenal’s emblem since 1905 and is the origin of the club’s nickname, “The Gunners.” By rebuilding the cannon’s wheel around an Airbus A380 landing gear hub, Emirates said the project was intended to fuse the airline’s aviation heritage directly into one of the symbols most closely associated with the club’s identity.

The crest was formally unveiled by Sir Tim Clark, president of Emirates Airline, and Richard Garlick, chief executive of Arsenal, in a ceremony held ahead of Sunday’s match. Clark described the milestone as a reflection of a long-standing relationship between the two organizations, saying, “Emirates and Arsenal have shared an extraordinary journey over the past 20 years.” He added that the sculpture was designed to mark the anniversary with something permanent and unique to the partnership, noting that the craftsmanship behind the piece reflects the precision and ambition that define both aviation and elite sport.

Garlick, in turn, thanked Emirates for the gesture, saying, “We’re hugely grateful to Emirates for creating this special tribute to our club.” He described the sculpture as a reflection of the relationship between the two organizations and said the club was entering the next phase of the partnership with confidence and shared ambition.

The Emirates-Arsenal partnership ranks among the longest-running and most recognizable sponsorship relationships in world football. Under the extended agreement running through 2033, Emirates will continue as Arsenal’s front-of-shirt sponsor, training kit partner and stadium naming rights holder, extending what is already the Premier League’s longest-running front-of-shirt sponsorship arrangement. The airline’s name has been attached to Arsenal’s home ground since the stadium’s opening in 2006, and the partnership has become one of the most visible commercial relationships in English football over the past two decades.

Emirates has previously used decommissioned aircraft components for other high-profile creative projects as part of its broader sustainability and brand messaging efforts, framing the practice as a way of giving retired aircraft materials a second life while highlighting the airline’s engineering capabilities. The Arsenal crest sculpture represents one of the most elaborate applications of that approach to date, combining the airline’s aviation upcycling program with one of its most prominent sports sponsorships.

Following Sunday’s unveiling, “The Aircrafted Arsenal Crest” will be permanently displayed within Emirates’ hospitality space at Emirates Stadium, where it is expected to serve as a fixture for supporters and visitors attending matches and stadium events going forward.

Sunday’s ceremony took place alongside Arsenal’s Emirates Cup fixture against Borussia Dortmund, part of the club’s pre-season schedule, with the unveiling positioned as a symbolic start to the next chapter of the Emirates-Arsenal partnership following the club’s Premier League title triumph.

Shares of Vodafone Idea gained 3% to Rs 13.27 on the BSE on Tuesday after the debt-laden telecom operator reported a sharp reduction in its consolidated loss for the first quarter. The company’s loss narrowed to Rs 3,754 crore in Q1, compared with Rs 6,608 crore in the year-ago quarter. Revenue from operations rose 6% year-on-year (YoY) to Rs 11,689 crore.

EBITDA increased 9% YoY to Rs 5,034 crore from Rs 4,612 crore. The EBITDA margin improved to 43.1% from 41.8% in Q1FY26 and remained unchanged from 43.1% in Q4FY26. Average revenue per user (ARPU) climbed 10.2% to Rs 195 from Rs 177 in the year-ago quarter. Vodafone Idea said this was the highest ARPU growth in the industry.

The company’s combined 4G and 5G subscriber base rose to 130.1 million from 127.4 million in Q1FY26. Vodafone Idea said its 5G services are now available across more than 200 Indian cities and towns, while its 4G network covers 87% of the country’s population.

Nomura on Vodafone Idea

The foreign brokerage maintained Neutral on Vodafone Idea with a target price of Rs 12.60, saying the company’s Q1FY27 performance was broadly in line with expectations, while the three-year capex programme has now kicked off. Nomura said management commentary on the planned debt raise will be a key monitorable, with progress on the fundraise also likely to benefit Indus Towers.
Also read: NSE indices rejig: Vodafone Idea, Wipro part of major changes in Nifty Next 50 and Nifty 100.

The brokerage retained its Rs 12.60 target price, based on 14x FY28F EV/EBITDA, and said it prefers Bharti Airtel among telecom stocks under its coverage. Key catalysts for Vodafone Idea include a successful debt raise, industry tariff hikes, faster subscriber additions and a strategic equity investment.

Vodafone Idea Q1 highlights

Capex for the quarter stood at Rs 1,930 crore. The company said it has already placed capex orders worth Rs 9,000 crore out of its three-year capex guidance of Rs 45,000 crore.As of June 2026, debt from banks stood at Rs 211 crore. Cash and bank balance stood at Rs 6,558 crore, helped by part proceeds from warrant issuance during the quarter. Vodafone Idea said it has secured funding of Rs 6,400 crore, including warrants, fund-based and non-fund-based facilities, and remains engaged with lenders to close its overall funding plan.

Vodafone Idea Q1 management commentary

Abhijit Kishore, CEO of Vodafone Idea, said FY27 is the year of execution for the company. “Our robust Q1FY27 performance is a strong validation of our defined strategy and disciplined execution,” Kishore said.

Read more: Vodafone Idea shares rally 80% in less than 3 months. Time to buy or avoid?

“During the quarter, we have delivered on all the critical business parameters we measure our success on, including subscriber addition — first since merger — and we will continue to drive this,” he said.

Kishore added that ongoing discussions with lenders give the company confidence of successful closure of debt talks.

Vodafone Idea shares are up 12% on a YTD basis and about 9% in the last six months.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mumbai: Delhi International Airport (DIAL) is planning to raise ₹3,550 crore through a 15-year bond issue, according to people familiar with the matter.

The proposed bond issue is expected to be priced at about 9.50%, although the final coupon is yet to be determined and will depend on market conditions and investor demand, they said.

The proceeds will be used to refinance DIAL’s existing dollar-denominated notes of $522.6 million that are due this year, along with transaction and hedging costs related to the existing debt and the new bond issue. DIAL had raised $522.6 million through 10-year international bonds in October 2016 at a coupon of 6.125%.

“The refinancing will allow DIAL to replace the maturing dollar debt with long term rupee funding, while spreading repayment over several years,” said one of the persons, who did not wish to be identified. “The structure also gives the airport operator the flexibility to refinance or redeem the bonds after five years.”
Read Also: Info Edge Q1 Results: Standalone Profit falls 6% YoY to Rs 245 crore

A DIAL spokesperson did not respond to ET’s queries.
DIAL is targeting a mid-October pay-in for the proposed issue and plans to finalise investors this month, according to the transaction details. The bonds are expected to carry an AA rating. Interest will be paid every quarter. DIAL plans to repay the principal in stages from the sixth year, with 5% due each year in years six to 10, 10% in years 11-13, 15% in the 14th year and the remaining 30% in the 15th year.

Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.

Nvidia CEO Jensen Huang said on X that the company has the ‌option to ⁠backstop up ⁠to $125 billion, or 25% of the poential deals.

The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to support AI workloads.

Big Tech companies have signaled that spending on AI ​would not slow down, with combined ⁠outlays set ‌to surpass $730 billion this year.

Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and ⁠KKR for the financing platforms.

The initiative is intended ​to broaden access to Nvidia-based infrastructure among frontier ​AI developers, enterprises, governments and cloud providers, while creating longer-duration, usage-linked investment opportunities for large asset managers and private capital firms.
“These financing platforms will help customers access scarce compute at scale and build the AI factories that will power ‌every industry and country in the age of AI,” Huang said.Nvidia said the arrangements would “create dedicated ​pools of ​capital at significant ⁠scale at attractive rates” for its customers.

The company did not disclose the financial terms, investment commitments by individual firms or a timetable ​for deploying the planned $500 billion.

The Financial Times had reported the development first on Monday, later confirmed by Reuters.