Volkswagen delays electric sedan launch in US, Canada citing 'market dynamics' as EV demand wanes

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After a splashy New York City debut only one year ago, Volkswagen is reversing course and now says its ID.7 EV sedan isn’t coming to North America — at least...

The German automaker said on Wednesday that the ID.7 — which has been on sale in Europe and China since late 2023 —EV sales rose only 2.6% year over year in the first quarter of 2024 compared to 15.2% in the fourth quarter of 2023 and 46.4% growth in the first quarter last year.for some time now. Earlier this month, Chevy decided to cancel its Malibu sedan after 50 years and 10 million cars sold to focus on SUVs, crossovers, and EVs.

A Volkswagen spokesperson told Yahoo Finance on Wednesday that bringing 25 EV models to North America by 2030 is "still the plan." Here’s a very reliable, dividend-paying Canadian bank stock you can buy at a bargain right now and hold for the long term. The post 1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it accelerates diversification from dollar assets.Trump Media and Technology Group, the company affiliated with former U.S.

"Restaurants brought out the servings slowly and were like, 'Nobody is going to sit there for hours and just eat them.' Actually, lots of people did."Police say they have wrapped up their on-scene investigation into a deadly boat crash in eastern Ontario as details of the incident begin to emerge. Ontario Provincial Police say they are still trying to piece together how a speedboat ended up on top of a fishing boat on Bobs Lake north of Kingston, Ont., on Saturday night.

 

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