Following the rocky attack in Golan Heights Prime Minister Benjamin Netanyahu has expedited his exit from the United States. He is said to have boarded his fight back to Tel Aviv but the question today is what Netanyahu did or did not achieve while in Washington?

Netanyahu US visit: PM Netanyahu returns to turmoil in Israel

Kamala Harris called Donald Trump "just plain weird," while Trump labeled Harris "low IQ" and "radical". Watch to know more.

US elections: Harris says she is 'underdog,' Trump goes on offence

The presidential race between Donald Trump and Kamala Harris is heating up, with both candidates plying each other with sharp insults. Trump called Harris "evil" and "unhinged," while Harris described Trump as "just plain weird."

In response to a rocket attack in the Golan Heights that killed 12 people, Israeli Prime Minister Netanyahu has vowed retaliation against Hezbollah, despite the group's denial of involvement.

Meanwhile, Iran is enduring a severe heatwave, prompting the government to close offices and banks.

In other news, India has outlined a roadmap to become a developed nation by 2047, aiming for a $30 trillion economy and a per capita income of $18,000 annually. Finally, the Paris Olympics 2024 faced disruption on the opening day due to the sabotage of French rail lines.

Click on the headlines for more

<a href="https://www.wionews.com/world/trump-vs-harris-from-evil-to-just-plain-weird-the-republican-vs-democrat-war-of-words-heat-up-744861">Trump vs Harris: From 'evil' to 'just plain weird' the Republican vs Democrat war of words heat up</a>

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The Donald Trump vs Kamala Harris presidential race is heating up. On Saturday, the two political rivals traded barbs from afar, calling each other names. While Harris Donald Trump "just plain weird," Trump in exchange painted her as an "evil," and "unhinged" person.

<a href="https://www.wionews.com/world/golan-heights-rocket-attack-israeli-pm-netanyahu-says-his-country-wont-stay-silent-744879">Golan Heights rocket attack: Israeli PM Netanyahu says his country won't stay silent</a>

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Israeli Prime Minister Benjamin Netanyahu said on Saturday (July 27) that his country&nbsp;won't stay silent after a&nbsp;rocket attack killed 12&nbsp;people, including children, at a football pitch in the Israeli-occupied Golan Heights. Israel blamed Hezbollah for the attack and vowed to respond against the&nbsp;Iran-backed Lebanese group. Hezbollah denied any responsibility (for the strike).

<a href="https://www.wionews.com/world/severe-heatwave-in-iran-forces-govt-to-shutter-govt-offices-banks-744862">Severe heatwave in Iran forces govt to shutter govt offices, banks</a>

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Iran is witnessing a severe heatwave that has forced authorities to cut operating hours at various facilities on Saturday (July 27) and order all government and commercial institutions to shutter the following day. Citing weather reports, a report by the news agency Associated Press said that the temperature ranged&nbsp;from 37 degrees Celsius to 43 degrees Celsius in Tehran.

<a href="https://www.wionews.com/india-news/india-now-knows-what-will-it-take-to-become-developed-nation-by-2047-744857">India now knows what will it take to become developed nation by 2047</a>

<img alt="main img" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/02/29/415349-wion-images-2024-02-29t201720656.png?imwidth=400" />

If India is to become a developed economy by 2047, it must do so by effectively acting upon a roadmap to become a $30 trillion economy by then along with a per capita income of $18,000 per annum, according to an approach paper laid out on Saturday (July 27) to encapsulate the vision for developed India (viksit bharat).&nbsp;

Watch |&nbsp;Paris Olympics 2024: French rail lines disrupted by ‘sabotage’ on opening day of games

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/paris-olympics-2024-french-rail-lines-disrupted-by-sabotage-on-opening-day-of-games-744869/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The presidential race between Donald Trump and Kamala Harris is heating up, with both candidates plying each other with sharp insults. Trump called Harris "evil" and "unhinged," while Harris described Trump as "just plain weird.

The presidential race between Donald Trump and Kamala Harris is heating up, with both candidates plying each other with sharp insults. Trump called Harris "evil" and "unhinged," while Harris described Trump as "just plain weird." In response to a rocket attack in the Golan Heights that killed 12 people, Israeli Prime Minister Netanyahu has vowed retaliation against Hezbollah, despite the group's denial of involvement. Meanwhile, Iran is enduring a severe heatwave, prompting the government to close offices and banks. In other news, India has outlined a roadmap to become a developed nation by 2047, aiming for a $30 trillion economy and a per capita income of $18,000 annually. Finally, the Paris Olympics 2024 faced disruption on the opening day due to the sabotage of French rail lines. Click on the headlines for more Trump vs Harris: From 'evil' to 'just plain weird' the Republican vs Democrat war of words heat up The Donald Trump vs Kamala Harris presidential race is heating up. On Saturday, the two political rivals traded barbs from afar, calling each other names. While Harris Donald Trump "just plain weird," Trump in exchange painted her as an "evil," and "unhinged" person. Golan Heights rocket attack: Israeli PM Netanyahu says his country won't stay silent Israeli Prime Minister Benjamin Netanyahu said on Saturday (July 27) that his country won't stay silent after a rocket attack killed 12 people, including children, at a football pitch in the Israeli-occupied Golan Heights. Israel blamed Hezbollah for the attack and vowed to respond against the Iran-backed Lebanese group. Hezbollah denied any responsibility (for the strike). Severe heatwave in Iran forces govt to shutter govt offices, banks Iran is witnessing a severe heatwave that has forced authorities to cut operating hours at various facilities on Saturday (July 27) and order all government and commercial institutions to shutter the following day. Citing weather reports, a report by the news agency Associated Press said that the temperature ranged from 37 degrees Celsius to 43 degrees Celsius in Tehran. India now knows what will it take to become developed nation by 2047 If India is to become a developed economy by 2047, it must do so by effectively acting upon a roadmap to become a $30 trillion economy by then along with a per capita income of $18,000 per annum, according to an approach paper laid out on Saturday (July 27) to encapsulate the vision for developed India (viksit bharat). Watch | Paris Olympics 2024: French rail lines disrupted by ‘sabotage’ on opening day of games

Morning brief: Trump vs Harris war of words; Netanyahu vows retaliation for Golan Heights attack, and more

The FBI is seeking to interview former US President Donald Trump in its investigation of the assassination attempt to obtain a victim statement. Watch in for more details!

US: FBI seeking to interview Donald Trump as part of assassination attempt probe

The Biden administration was reportedly ready to resume nuclear talks with Iran. The report claims that an informed source in the Iranian Supreme National Security Council confirmed that US officials a few days ago on Tuesday said the Biden administration is willing to negotiate a return to the nuclear agreement concluded in 2015 after introducing minor amendments to it.

Report: US ready to resume nuclear talks with Iran

Intense wildfires have been sweeping across paths of the United States and Canada. Town after town has been ravaged by the Wildfire. The raging wildfires have sent plumes of smoke and have scorched swathes of land forcing massive evacuations and road closures as well as destroying and threatening structures.

Wildfires sweep across US and Canada

US Secretary of State Antony Blinken reiterated Washington's concerns over Beijing's actions toward Taiwan and its support for Russia's war in Ukraine as he met his Chinese counterpart Wang Yi on Saturday. Blinken, who earlier called out China for escalating maritime tensions with the Philippines, talked extensively with Wang about Taiwan and Beijing's recent "provocative" actions toward the democratically governed island, a senior U.S. State Department official said.

Blinken in ASEAN: Blinken slams China's escalating actions in South China Sea

US forces in the Middle East have destroyed Houthi drones in Yemen in the past 24 hours, the military said Friday. Separately, forces with the U.S. Central Command destroyed three uncrewed Houthi surface vessels operating on the Yemeni coast, CENTCOM said.

US: Struck multiple Houthi drones across Yemen

According to the survey, 52% of respondents think Biden should step down after ending his 2024 reelection bid. A Rasmussen Reports poll released on Friday revealed that a majority of likely voters in the United States believe President Joe Biden should resign.

US elections: Majority of US voters believe Biden must resign as President

Nearly two weeks after Donald Trump’s near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president’s ear, moving to clear up conflicting accounts about what caused the former president’s injuries after a gunman opened fire at a Pennsylvania rally.

US: FBI's one-line statement on Trump's ear wound

United States (US) Vice President Kamala Harris on Saturday (July 27) announced her candidacy for the November 5 presidential election by signing the official forms. In a post on X, Vice President Harris said, "Today, I signed the forms officially declaring my candidacy for President of the United States."

US elections: Kamala Harris officially declares candidacy

Israeli Prime Minister Benjamin Netanyahu visited former United States President Donald Trump at the latter's&nbsp;Florida resort on Friday (Jul 26). Netanyahu posted the pictures and clips&nbsp;of his meeting on X along with the caption, "Meeting with former US President Donald Trump."

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בפגישה עם נשיא ארה״ב לשעבר, דונלד טראמפ 🇺🇸🇮🇱 <a href="https://t.co/mfXt0vfiPp">pic.twitter.com/mfXt0vfiPp</a>
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The Israeli PM and&nbsp;the Republican presidential&nbsp;candidate&nbsp;met a day after Netanyahu met with Democratic President Joe Biden and Vice President Kamala Harris, who is running against Trump in the upcoming November&nbsp;elections.

The former US president greeted Netanyahu and his wife Sara. He also criticised&nbsp;Harris for her public comments regarding the impact of the Israel-Hamas war on Palestinian civilians. The Gaza war&nbsp;is currently in its ninth month.&nbsp;

"I think her remarks were disrespectful," Trump said.

This comes after&nbsp;the US VP&nbsp;pressed Netanyahu about the suffering of Palestinians during their meeting on Thursday, a discussion closely watched for indications of her potential policy changes if she becomes president.

Also read:&nbsp;<a href="https://www.wionews.com/world/barack-obama-endorses-kamala-harris-as-democrat-nominee-for-presidential-race-744386">Barack Obama endorses Kamala Harris as Democrat nominee for presidential race</a>

"I made clear my serious concern about the dire humanitarian situation there," Harris said.

"I will not be silent. Israel has a right to defend itself. And how it does so matters," she asserted.

Trump downplayed any suggestion of tensions&nbsp;with Netanyahu and said&nbsp;"We have a very good relationship".&nbsp;

The Republican presidential candidate's stance also highlighted&nbsp;the&nbsp;policy shifts during his tenure including&nbsp;relocating the American&nbsp;embassy to Jerusalem and withdrawing the US from the international nuclear agreement with Iran.

Netanyahu adjusted his US travel schedule&nbsp;to meet with Trump and reached&nbsp;Palm Beach early Friday.

(With inputs from agencies)

Israeli Prime Minister Benjamin Netanyahu visited former United States President Donald Trump at the latter's Florida resort on Friday (Jul 26). Netanyahu posted the pictures and clips of his meeting on X along with the caption, "Meeting with former US President Donald Trump.

Israeli Prime Minister Benjamin Netanyahu visited former United States President Donald Trump at the latter's Florida resort on Friday (Jul 26). Netanyahu posted the pictures and clips of his meeting on X along with the caption, "Meeting with former US President Donald Trump." בפגישה עם נשיא ארה״ב לשעבר, דונלד טראמפ 🇺🇸🇮🇱 pic.twitter.com/mfXt0vfiPp — Benjamin Netanyahu - בנימין נתניהו (@netanyahu) July 26, 2024 × The Israeli PM and the Republican presidential candidate met a day after Netanyahu met with Democratic President Joe Biden and Vice President Kamala Harris, who is running against Trump in the upcoming November elections. The former US president greeted Netanyahu and his wife Sara. He also criticised Harris for her public comments regarding the impact of the Israel-Hamas war on Palestinian civilians. The Gaza war is currently in its ninth month. "I think her remarks were disrespectful," Trump said. This comes after the US VP pressed Netanyahu about the suffering of Palestinians during their meeting on Thursday, a discussion closely watched for indications of her potential policy changes if she becomes president. Also read: Barack Obama endorses Kamala Harris as Democrat nominee for presidential race "I made clear my serious concern about the dire humanitarian situation there," Harris said. "I will not be silent. Israel has a right to defend itself. And how it does so matters," she asserted. Trump downplayed any suggestion of tensions with Netanyahu and said "We have a very good relationship". The Republican presidential candidate's stance also highlighted the policy shifts during his tenure including relocating the American embassy to Jerusalem and withdrawing the US from the international nuclear agreement with Iran. Netanyahu adjusted his US travel schedule to meet with Trump and reached Palm Beach early Friday. (With inputs from agencies)

After Biden, Harris Israeli PM Netanyahu meets Trump at Florida resort ahead of 2024 US election

The Indian Navy's multi-role frigate, INS Brahmaputra, last week saw a major fire incident while undergoing scheduled repairs at the Naval Dockyard in Mumbai. A fire broke out onboard the vessel on the evening of July 21, which resulted in death of an Indian Naval personnel.

The fire was brought under control by the ship’s crew with assistance of firefighters from Naval Dockyard, Mumbai and other ships in harbour, by morning of 22 July.

A release from the Indian Navy while confirming the demise of Leading Seaman, Sitendra Singh said that the Navy Chief Admiral Dinesh K Tripathi has "directed that all actions by the Command and Naval Headquarters to make INS Brahmaputra seaworthy and combat ready are to be initiated immediately."

Also read:&nbsp;<a href="https://www.wionews.com/india-news/indian-pm-narendra-modi-to-visit-ukraine-in-august-744593">Indian Prime Minister Narendra Modi to visit Ukraine in August</a>

While it is being&nbsp;seen as a setback,&nbsp;such incidents have happened in the past, not only in India but globally. In July 2020, US Navy ship, USS Bonhomme Richard saw a catastrophic fire which took 4 days to extinguish, injuring 63 sailors while undergoing maintenance at Naval Base San Diego. The Ship was ultimately decommissioned in April 2021 and sold as scrap.

More recently, earlier this month, Iran's destroyer Sahand capsized over during repairs in Bandar Abbas. Iran's Tasnim News agency reported that the vessel which was being repaired at the dock lost its balance. Britain's HMS Prince of Wales has faced repeated failures and extended repair periods. The British warship is termed as the most advanced warship ever built&nbsp;for the British Navy.

Refits and repairs are inherently complex and risky operations and involves extensive welding, cutting, and electrical work. The activities, often conducted in harsh conditions without air conditioning, increase the risk of fires and incidents. Despite stringent safety protocols, incidents involving INS Brahmaputra highlight the dangers involved.

The incident involving INS Brahmaputra has happened at a time when the Indian Navy in its western seaboard units, has been operationally over stretched since late 2023. Deployed extensively in the Western Indian Ocean Region, the Gulf of Aden, and the Red Sea for maritime security operations, combating piracy, and fulfilling diplomatic roles, the Indian Navy's operational tempo necessitates expedited refits, adding to pressures faced by dockyard agencies.

In response to the INS Brahmaputra incident, the Navy has announced a thorough inquiry to identify any shortcomings and conditions that may have contributed to the accident. The Navy, of course, has a history of resilience and learning from setbacks. Approximately eight years ago, INS Betwa, another ship of the same class (as of INS Brahmaputra), tipped over while undocking. When INS Betwa tipped over, many predicted its end, yet the ship recently celebrated its 20th anniversary and remains operational. 
&nbsp;

The Indian Navy's multi-role frigate, INS Brahmaputra, last week saw a major fire incident while undergoing scheduled repairs at the Naval Dockyard in Mumbai. A fire broke out onboard the vessel on the evening of July 21, which resulted in death of an Indian Naval personnel.

The Indian Navy's multi-role frigate, INS Brahmaputra, last week saw a major fire incident while undergoing scheduled repairs at the Naval Dockyard in Mumbai. A fire broke out onboard the vessel on the evening of July 21, which resulted in death of an Indian Naval personnel. The fire was brought under control by the ship’s crew with assistance of firefighters from Naval Dockyard, Mumbai and other ships in harbour, by morning of 22 July. A release from the Indian Navy while confirming the demise of Leading Seaman, Sitendra Singh said that the Navy Chief Admiral Dinesh K Tripathi has "directed that all actions by the Command and Naval Headquarters to make INS Brahmaputra seaworthy and combat ready are to be initiated immediately." Also read: Indian Prime Minister Narendra Modi to visit Ukraine in August While it is being seen as a setback, such incidents have happened in the past, not only in India but globally. In July 2020, US Navy ship, USS Bonhomme Richard saw a catastrophic fire which took 4 days to extinguish, injuring 63 sailors while undergoing maintenance at Naval Base San Diego. The Ship was ultimately decommissioned in April 2021 and sold as scrap. More recently, earlier this month, Iran's destroyer Sahand capsized over during repairs in Bandar Abbas. Iran's Tasnim News agency reported that the vessel which was being repaired at the dock lost its balance. Britain's HMS Prince of Wales has faced repeated failures and extended repair periods. The British warship is termed as the most advanced warship ever built for the British Navy. Refits and repairs are inherently complex and risky operations and involves extensive welding, cutting, and electrical work. The activities, often conducted in harsh conditions without air conditioning, increase the risk of fires and incidents. Despite stringent safety protocols, incidents involving INS Brahmaputra highlight the dangers involved. The incident involving INS Brahmaputra has happened at a time when the Indian Navy in its western seaboard units, has been operationally over stretched since late 2023. Deployed extensively in the Western Indian Ocean Region, the Gulf of Aden, and the Red Sea for maritime security operations, combating piracy, and fulfilling diplomatic roles, the Indian Navy's operational tempo necessitates expedited refits, adding to pressures faced by dockyard agencies. In response to the INS Brahmaputra incident, the Navy has announced a thorough inquiry to identify any shortcomings and conditions that may have contributed to the accident. The Navy, of course, has a history of resilience and learning from setbacks. Approximately eight years ago, INS Betwa, another ship of the same class (as of INS Brahmaputra), tipped over while undocking. When INS Betwa tipped over, many predicted its end, yet the ship recently celebrated its 20th anniversary and remains operational.

From US to Iran, a global history of peace time incidents impacting warships

Democratic Presidential candidate Kamala Harris is narrowing the gap with Republican rival Donald Trump. A series of polls conducted after Joe Biden's exit from the race show a head-to-head contest on roughly equal footing. Watch the video to find out more!

Polls show Kamala Harris doing better than Biden against Donald Trump

#Gravitas | US Republican vice presidential nominee JD Vance is facing backlash after comments resurfaced in which he suggested that people without children, specifically "childless cat ladies," were unfit to govern and had no "direct stake" in the country. In a 2021 clip, Vance mentioned Kamala Harris, now the democratic presidential nominee, as he made these remarks on fox news. His comments have been criticized as out-of-touch, sexist, and not in line with modern values.

Gravitas: Trump's running mate JD Vance under fire for "childless cat ladies" remark

#Gravitas | The united states, Britain, and South Korea have issued a joint advisory stating that North Korean hackers, known as Anadriel or Apt45, have engaged in a global cyber espionage campaign. Their aim is to steal classified military information to support north Korea's prohibited nuclear weapons program. These hackers have targeted and breached computer systems at various defense and engineering companies, including manufacturers of tanks, submarines, naval vessels, fighter aircraft, and missile and radar systems. Gravitas tells you more!

North Korean hackers stealing nuclear secrets for weapons programme, US & allies say | Gravitas

Former US President Barack Obama and his wife Michelle Obama have endorsed Kamala Harris as the Democratic presidential nominee. Harris thanks for endorsement, says 'means so much'. Watch in for more details!

US Elections 2024: Harris closes gap with Trump in five critical battleground states

United States Vice President Kamala Harris has pledged not to stay “silent” about suffering in Gaza. Watch in for more details!

Kamala Harris on devastation in Gaza: I will not be silent

Israeli Prime Minister Benjamin Netanyahu delivered a speech to an audience in Washington DC, and back home, where the pressure to end the Gaza war is like never before. We decode Israeli Prime Minister's claims about the ongoing war.

Half of US Congress boycotts Israeli PM's address

Headlines of the hour: - US: Kamala Harris ready to debate Trump - Biden, Harris press Netanyahu for Gaza truce - Israel seeks changes to truce plan: Report - US destroys Houthi's UAV launcher - Jaishankar, Wang discuss border impasse - Pakistan: Opposition bloc calls nationwide stir - No return date yet for NASA astronauts - Anti-Olympics protest in Paris

Pakistan: Oppn bloc calls nationwide stir | No return date yet for NASA astronauts

The US military said on Wednesday that it had intercepted two Russian and two Chinese military aircraft operating in the Alaska Air Defense Identification Zone, although they stayed in international airspace. Watch in for more details!

Nuclear-capable bombers at US doorsteps: Russia & China joint air patrols near US

Three Chinese students are under investigation over footage captured by a drone of a United States aircraft carrier and naval facilities in South Korea in June. Watch in for more details!

South Korea: 3 students from China arrested, accused of illegally taking video of US Navy carrier

US President Joe Biden's endorsement of Vice President Kamala Harris as the Democratic nominee for president has set the stage for a much tighter and uncertain race in November. Watch in for more details!

US: Donald Trump faces tough nominee Kamala Harris

Iraq's Ain Al-Assad airbase came under attack with four rockets being launched at airbase that houses US-lead coalition forces. A US Official told media houses that the projectiles landed outside the base causing injuries or damage to the base. No one has claimed any responsibility of the attack yet.

Attack on Iraqi airbase hosting US troops, no casualties reported

Headlines of the hour: - US: Kamala Harris ready to debate Trump - Biden, Harris press Netanyahu for Gaza truce - Israel seeks changes to truce plan: Report - US destroys Houthi's UAV launcher - Jaishankar, Wang discuss border impasse - No return date yet for NASA astronauts

US: Kamala Harris ready to debate Trump | Biden press Netanyahu for Gaza truce

Mexican drug lord Ismael "El Mayo" Zambada and the son of his former partner, Joaquin "El Chapo" Guzman- Joaquin Guzman Lopez, were arrested in El Paso, Texas, on Thursday. Watch in for more details!

Mexican drug lord 'El Mayo' and leader of Sinaloa cartel Lopez arrested in US

The highly competitive U.S. automotive market is experiencing significant challenges, including weak pricing, excessive inventory levels, and logistical difficulties. These issues have negatively impacted the profits of major automakers such as Ford Motor, Stellantis, and Nissan, causing their stock prices to decline on Thursday as they urgently seek solutions.

&nbsp;

The global automotive industry is facing a deteriorating sales outlook across key markets, particularly in the United States. Simultaneously, manufacturers are grappling with the costly transition to electric vehicles and intensifying competition from more affordable Chinese competitors.

&nbsp;

Ford, the U.S. automaker, saw its shares plummet by 16 per cent&nbsp;following the release of its second-quarter earnings, which fell short of analysts' expectations. The company's performance was hampered by high warranty expenses and losses in its electric vehicle division. Stellantis, listed on the Milan stock exchange, experienced a nearly 9 per cent&nbsp;drop in share value, reaching its lowest point in almost a year. Nissan's stock price fell by 7 per cent, which in turn affected the shares of its French alliance partner, Renault, despite the latter reporting first-half profits that exceeded estimates.

&nbsp;

The automotive companies have been burdened by excess inventory in the United States, partly due to a June software malfunction that disrupted or halted operations at numerous dealerships. According to Cox Automotive, the supply of new vehicles at the beginning of July was more than twice that of the same period last year. Cox analysts anticipate inventory levels to normalize within a couple of months as the effects of the CDK software outage diminish. Nevertheless, investors remain cautious about elevated inventory levels, especially considering the robust motor vehicle production in the United States.

&nbsp;

Barclays analyst Dan Levy noted in a recent report that most investors have expressed concerns about emerging pricing risks, particularly in light of rising inventory. U.S. federal data indicates that average spending per vehicle has recently decreased.

&nbsp;

Lance Woelfer, Honda's U.S. sales chief, stated that inventory hasn't been a problem for the Japanese automaker in the United States. However, he acknowledged that when any automaker faces difficulties, it affects the entire industry, potentially impacting pricing. Woelfer emphasized that this year has been about balancing inventory and demand, with Honda's U.S. sales expected to increase by 10% in the current year.

&nbsp;

Nissan was severely affected by higher inventory levels, with its fiscal first-quarter profits nearly eliminated. The company was forced to revise its annual outlook downward due to substantial discounting in the U.S. market to clear excess inventory. CEO Makoto Uchida described the task of optimizing inventory buildup in the United States as "tough" and stated that the company would focus on producing better cars that can command higher prices.

&nbsp;

Ford has been struggling with structural inefficiencies and challenges in its electric vehicle business as it strives to gain traction in that market segment. The company's EV and software unit reported an operating loss of USD&nbsp;1.1 billion for the quarter and anticipates losses of up to USD&nbsp;5.5 billion for the year before taxes in that division.

&nbsp;

Stellantis, the world's fourth-largest automaker, announced that it is taking measures to address weak margins and high inventory in the U.S. market after reporting worse-than-expected first-half results. CEO Carlos Tavares stated that he would not hesitate to eliminate underperforming brands from the company's extensive portfolio, asserting, "If they don't make money, we'll shut them down." Since Stellantis was formed in 2021 through the merger of Fiat Chrysler and PSA, Tavares has maintained that all 14 of its brands, including Maserati, Fiat, Peugeot, and Jeep, have a future.

&nbsp;

Although Stellantis has historically achieved higher profit margins than its competitors, Bernstein analysts noted that its margins are now only slightly above those of General Motors, which recently reported solid results and raised its annual profit forecast. The analysts questioned Stellantis' reputation for cost efficiency, as its shares have declined by more than 20&nbsp;per cent&nbsp;this year, the worst performance among major European automakers.

&nbsp;

Hyundai, the world's third-largest automaker by sales, reported strong second-quarter results, boosted by U.S. sales of premium SUV models and hybrid vehicles, which helped offset prolonged weakness in its home market of South Korea.

&nbsp;

Similar to Stellantis, Nissan plans to boost sales through new and refreshed models in the second half of the year, including the Armada and Murano SUVs. However, analyst Seiji Sugiura from Tokai Tokyo Intelligence Laboratory expressed uncertainty about which Nissan vehicles are popular in the United States, stating, "As the competitiveness of the models in their lineup is falling, they have no other choice but to make new vehicles, sell those and hope that they will be popular."

&nbsp;

This situation underscores the complex challenges facing the global automotive industry as it navigates changing consumer preferences, technological transitions, and intense competition in key markets.&nbsp;

The highly competitive U.S. automotive market is experiencing significant challenges, including weak pricing, excessive inventory levels, and logistical difficulties.

The highly competitive U.S. automotive market is experiencing significant challenges, including weak pricing, excessive inventory levels, and logistical difficulties. These issues have negatively impacted the profits of major automakers such as Ford Motor, Stellantis, and Nissan, causing their stock prices to decline on Thursday as they urgently seek solutions. The global automotive industry is facing a deteriorating sales outlook across key markets, particularly in the United States. Simultaneously, manufacturers are grappling with the costly transition to electric vehicles and intensifying competition from more affordable Chinese competitors. Ford, the U.S. automaker, saw its shares plummet by 16 per cent following the release of its second-quarter earnings, which fell short of analysts' expectations. The company's performance was hampered by high warranty expenses and losses in its electric vehicle division. Stellantis, listed on the Milan stock exchange, experienced a nearly 9 per cent drop in share value, reaching its lowest point in almost a year. Nissan's stock price fell by 7 per cent, which in turn affected the shares of its French alliance partner, Renault, despite the latter reporting first-half profits that exceeded estimates. The automotive companies have been burdened by excess inventory in the United States, partly due to a June software malfunction that disrupted or halted operations at numerous dealerships. According to Cox Automotive, the supply of new vehicles at the beginning of July was more than twice that of the same period last year. Cox analysts anticipate inventory levels to normalize within a couple of months as the effects of the CDK software outage diminish. Nevertheless, investors remain cautious about elevated inventory levels, especially considering the robust motor vehicle production in the United States. Barclays analyst Dan Levy noted in a recent report that most investors have expressed concerns about emerging pricing risks, particularly in light of rising inventory. U.S. federal data indicates that average spending per vehicle has recently decreased. Lance Woelfer, Honda's U.S. sales chief, stated that inventory hasn't been a problem for the Japanese automaker in the United States. However, he acknowledged that when any automaker faces difficulties, it affects the entire industry, potentially impacting pricing. Woelfer emphasized that this year has been about balancing inventory and demand, with Honda's U.S. sales expected to increase by 10% in the current year. Nissan was severely affected by higher inventory levels, with its fiscal first-quarter profits nearly eliminated. The company was forced to revise its annual outlook downward due to substantial discounting in the U.S. market to clear excess inventory. CEO Makoto Uchida described the task of optimizing inventory buildup in the United States as "tough" and stated that the company would focus on producing better cars that can command higher prices. Ford has been struggling with structural inefficiencies and challenges in its electric vehicle business as it strives to gain traction in that market segment. The company's EV and software unit reported an operating loss of USD 1.1 billion for the quarter and anticipates losses of up to USD 5.5 billion for the year before taxes in that division. Stellantis, the world's fourth-largest automaker, announced that it is taking measures to address weak margins and high inventory in the U.S. market after reporting worse-than-expected first-half results. CEO Carlos Tavares stated that he would not hesitate to eliminate underperforming brands from the company's extensive portfolio, asserting, "If they don't make money, we'll shut them down." Since Stellantis was formed in 2021 through the merger of Fiat Chrysler and PSA, Tavares has maintained that all 14 of its brands, including Maserati, Fiat, Peugeot, and Jeep, have a future. Although Stellantis has historically achieved higher profit margins than its competitors, Bernstein analysts noted that its margins are now only slightly above those of General Motors, which recently reported solid results and raised its annual profit forecast. The analysts questioned Stellantis' reputation for cost efficiency, as its shares have declined by more than 20 per cent this year, the worst performance among major European automakers. Hyundai, the world's third-largest automaker by sales, reported strong second-quarter results, boosted by U.S. sales of premium SUV models and hybrid vehicles, which helped offset prolonged weakness in its home market of South Korea. Similar to Stellantis, Nissan plans to boost sales through new and refreshed models in the second half of the year, including the Armada and Murano SUVs. However, analyst Seiji Sugiura from Tokai Tokyo Intelligence Laboratory expressed uncertainty about which Nissan vehicles are popular in the United States, stating, "As the competitiveness of the models in their lineup is falling, they have no other choice but to make new vehicles, sell those and hope that they will be popular." This situation underscores the complex challenges facing the global automotive industry as it navigates changing consumer preferences, technological transitions, and intense competition in key markets.

US market proves a headache for global carmakers

US: Barack Obama, wife Michelle endorse Kamala Harris as Democratic presidential pick

Attack on Iraqi airbase hosting U.S. troops, two days after military summit in Washington

The United States has announced sanctions against two terror financiers in South Africa and one from the Democratic Republic of Congo who are allegedly associated with the expanded activities of the Islamic State of Iraq and Syria (ISIS). Watch in for more details!

US sanctions three terror financiers from South Africa, DR Congo

Former US President Barack Obama and his wife Michelle Obama have endorsed Kamala Harris as the Democrat nominee for the November elections. In a video shared by Harris on Friday, the Obamas could be heard making their endorsement formal for the vice President.

Barack Obama, wife Michelle support Harris' Presidential bid

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