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Audi A1 and Q2 retire next year to make way for new entry EV

Audi A1 and Q2 retire next year to make way for new entry EV

Yahoo21-03-2025
Polo-based A1 is Audi's smallest model
Audi will retire the A1 and Q2 next year and launch a new entry-level electric car as an indirect replacement for its two cheapest models.
Described as a model that sits underneath the Audi Q4 E-tron, the German firm's upcoming cheapest electric car is set to effectively serve as an EV alternative to the Audi A3 hatchback and Audi Q3 crossover - and is the smallest electric car in Audi's product plan.
Audi CEO Gernot Döllner told Autocar that the firm "will end production of the A1 and Q2" in 2026, as had previously been announced, "and there definitely will be no successor for the A1."
However, "we will have models in the lower A-segment", he added, referring to the designation Audi uses for cars of the A3's size and positioning, "and we will also see the car that will enter production next year in Ingolstadt, which will be our entry BEV in the A-segment".
Döllner said it was too early to give any details of the new car's technical make-up, but given the Volkswagen Group's new SSP platform for electric cars is not due to make production until 2028, it is likely to share the MEB architecture with the Q4 and all EVs from Volkswagen, Skoda and Cupra.
"A really positive part of our strategy is that in the A-segment, we rely on Volkswagen Group synergies. We use platforms shared with other brands and [integrate] Audi differentiation in terms of Quattro and power and technology.
"That strategy is very healthy and we will move on with that. That will also be our strategy in the battery-electric age."
Based on the details that have emerged, a starting price in the mid- to high-£30,000s is expected for the new Audi and the model is likely to straddle the boundary between hatchback and crossover, not unlike the new Skoda Elroq to which it is set to be closely matched in size and shape. Döllner has previously referred to the new car as a "wondeful, unique, independent concept".
Because the new model will not serve as a direct replacement for the outgoing cars, it could wear a new badge – and a resurrection of the long-dormant A2 moniker is one possibility. Döllner would not be drawn on naming plans for future additions to the line-up but said it was "thinkable" that the brand could redeploy historic names.
Like the Q4 E-tron, Audi's new small EV will be a more overtly premium proposition than its platform-mates from the VW Group's 'Core' portfolio, with interior technology, materials and design cues that link it to the larger, more expensive Audi models.
Döllner said: "I believe that Audi is the right brand to show premium from the A- to the D-segment. There are not many brands in the world, but I think Audi can have a true premium offer in the A-segment. We will come up with highly emotional and attractive models also in the lower segments."
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Kenneth Norgan, stalwart patron of Harris Theater, dies
Kenneth Norgan, stalwart patron of Harris Theater, dies

Chicago Tribune

time6 hours ago

  • Chicago Tribune

Kenneth Norgan, stalwart patron of Harris Theater, dies

Chicago businessman and philanthropist Kenneth Norgan was on the board of several local institutions including the Lyric Opera of Chicago and the Harris Theater for Music and Dance, where he was the founding sponsor of the 'Beyond the Aria' series. 'Ken's 10-year commitment to underwriting our premier series, 'Beyond the Aria,' was legendary … raising awareness of opera and classical music while building relationships one by one,' said Harris Theater co-founder Abby McCormick O'Neil. 'We bonded over the years as friends who both loved the mission of the theater and everything it was trying to do to capture and build an audience.' Norgan, 82, died of complications of a pulmonary embolism on June 9 at Northwestern Memorial Hospital, said Matt Olaveson, a longtime friend and fellow Swedish American Museum board member. A Streeterville resident, Norgan previously had lived in Lake Forest. Born in the North Side Lincoln Park neighborhood, Norgan grew up in Lincolnwood and was the son and grandson of the owners of the Norgan Pontiac auto dealership on the Northwest Side. When he was a teenager, his parents agreed to invest in a new fast-food business founded by their friend Ray Kroc, and in short order, Norgan was working at the first franchised McDonald's restaurants that his family bought, in Glenview and Libertyville. After receiving bachelor's and master's degrees in linguistics from the University of Michigan, Norgan taught German at Maine South High School in Park Ridge until 1971, when he rejoined his family's business. Ultimately, he owned and oversaw 13 McDonald's franchise restaurants in the northern suburbs. Norgan was a founding member of Ronald McDonald House Charities, an organization that provides housing for the families of hospitalized children. In 2010, Norgan was a co-chair of a campaign to build the 80-room, 16-story Ronald McDonald House at 211 E. Grand Ave. in Streeterville, near Lurie Children's Hospital. The $40 million facility opened in 2012. Norgan also was a longtime board member and a former board chair for the Harris Theater, which in November 2003 opened a nearly 1,500-seat theater in Millennium Park that offers a performing space for small and medium-sized music and dance organizations. 'His passion for music and dance was unwavering,' said Michael Tiknis, the Harris Theater's former president and managing director. 'He was always either at a performance or on his way to one.' Tiknis recalled traveling with Norgan to Hamburg, Germany, to see the Hamburg Ballet as part of the preparation to bring that troupe to the Harris. Harris Theater President and CEO Lori Dimun said Norgan's devotion to the theater was 'beautifully expressed' through his role as the founding supporter of the 'Beyond the Aria' series, which was launched during the 2014-15 season. The series brings together stars from the Lyric Opera of Chicago and emerging artists from the Ryan Opera Center. ''Beyond the Aria' reflected everything Ken loved — artistic excellence, intimate connection between performers and audience, and the joy of experiencing something deeply personal and movingly,' Dimun said. 'Many of our longtime subscribers were introduced to 'Beyond the Aria' because Ken invited them. He didn't just support the series — he built a beautiful community around it.' Dimun also highlighted Norgan's work in developing the Harris Theater's partnership with Ronald McDonald House Charities, which, she said, 'became a cornerstone of our community engagement work.' O'Neil noted that Norgan always tried to avoid the spotlight when marking milestones in the Harris Theater's history. 'He never wanted the attention or the spotlight and actually was quite shy. As a result, we became a bit of a comic routine — I always wanted him at the podium with me and egged him on to speak,' O'Neil said. 'In keeping with who he was, Ken with a smile on his face would say as little as possible when I would ask him to speak. Over the years, we made donors laugh with our routine that just organically grew out of my determination to make him say something and his resolve to be as silent as possible.' Norgan also served on the boards of the Lyric Opera of Chicago and the Ryan Opera Center. Proud of his Swedish heritage, he also served on the boards of the Swedish American Museum and the foundation board of Swedish Covenant Hospital. 'Ken got involved with the Swedish American Museum on many levels,' said the museum's co-founder and former executive director, Kerstin Lane. 'Ken was a gentle soul with much to give to this world.' Norgan also had a home in southwest Michigan for many years. Norgan is survived by his partner of 28 years, Jose 'Pepe' Conforme; and a brother, William. A memorial service will take place on Sunday, July 27, at the Harris Theater, 205 E. Randolph St., Chicago.

Which cryptocurrency will boom in the second half of 2025?
Which cryptocurrency will boom in the second half of 2025?

USA Today

time7 hours ago

  • USA Today

Which cryptocurrency will boom in the second half of 2025?

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The goal of these companies is simple: buy up as much Bitcoin as they possibly can, as fast as they can, as cheaply as they can. These companies are following the lead of Strategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin in the world, which rebranded as a Bitcoin treasury company in February. The big question, of course, is just how much higher Bitcoin can go this year, even with all this new demand. The world's top cryptocurrency turned in triple-digit returns in both 2023 and 2024, and many crypto investors were expecting Bitcoin to turn in a similar performance this year. But Bitcoin is only up 14% for the year. So it will need a massive year-end rally to reach the much-hyped $200,000 price level. Ethereum Ethereum may be down more than 25% year to date, but new rules on staking could change that. "Staking" is a popular way of earning yield on cryptocurrency holdings, and has been the subject of much controversy since early 2023, when the SEC launched an investigation into staking activity. As a result, when the new spot Ethereum ETFs launched in July 2024, they did not include a staking component. That's why these ETFs underperformed when they launched, according to insiders. However, the pro-crypto approach of the Trump administration quickly led to a shakeup at the SEC earlier this year, and the thinking now is that government regulators will back down on staking. As a result, spot Ethereum ETFs will likely be allowed to offer staking, and that could lead to a tsunami of new money moving into Ethereum. Crypto investors point to sustained buying of Ethereum by BlackRock, the company behind the popular iShares Ethereum Trust. Over the past few weeks, BlackRock has been buying Ethereum hand over fist, and that's because it is likely expecting an imminent SEC decision on staking. Tron Tron is the real dark horse candidate. Even though Tron currently ranks among the top 10 cryptocurrencies in terms of market cap, chances are most U.S.-based investors are not familiar with it. That's because the founder of Tron is Justin Sun, a controversial Chinese crypto billionaire who has had numerous run-ins with U.S. regulatory authorities. Heading into 2025, he was still facing potential SEC investigations. As a result, it can sometimes be hard to find U.S.-based cryptocurrency exchanges where you can buy and sell Tron. But here's the thing: Justin Sun is now affiliated with the growing Trump crypto empire. In mid-2024, he made a significant investment into World Liberty Financial, the crypto venture affiliated with the Trump family. In January 2025, he immediately scooped up $75 million of the new Official Trump meme coin and later purchased even more of the meme coin, leading to his being able to attend the Trump meme coin dinner with the president. And he has continually found ways to establish ties with members of the Trump family, to the point where Eric Trump recently called him "a great friend and icon in the crypto space." In late February 2025, the SEC sent a request to the court overseeing its civil fraud case against Sun, asking for a 60-day stay to explore settlement proceedings. Now, Sun is going into overdrive to build out his Tron crypto empire. In June, he announced a reverse merger with publicly traded SRM Entertainment, which will rebrand itself as "Tron Inc." and transform into a Tron treasury company (i.e., primarily holding Tron as its sole asset). He's also partnered with World Liberty Financial on a new stablecoin project. I completely understand if all this seems a bit speculative, and perhaps even a bit unsavory. However, the whole point of this exercise was to find cryptocurrencies that might "boom" in the second half of 2025. And I can't think of another cryptocurrency that has a similar opportunity to completely reinvent itself in the second half of the year. And the top pick is... If forced to choose between Bitcoin, Ethereum or Tron, my top pick is still Bitcoin. It's the world's most popular cryptocurrency for a reason — in terms of mainstream adoption, no other cryptocurrency even comes close. Bitcoin might not double in value this year, but I'm still expecting it to boom within the next few months. Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. Should you invest $1,000 in Bitcoin right now? Offer from the Motley Fool: Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $713,547!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you'd have $966,931!* Now, it's worth notingStock Advisor's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. 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XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins
XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins

Yahoo

time7 hours ago

  • Yahoo

XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins

A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to maintain bullish bets. Therefore, positive rates are interpreted as representing bullish sentiment, while negative rates suggest otherwise. As of writing, perps tied to payments-focused token XRP (XRP), the world's fourth-largest digital asset by market value, had an annualized funding rate of nearly 11%, the highest among the top 10 tokens, according to data source Velo. Funding rates for Tron's TRX (TRX) and dogecoin (DOGE) were 10% and 8.4%, respectively, while rates for market leaders bitcoin and ether were marginally positive. In other words, the XRP market demonstrated the strongest demand for leveraged bullish exposure among other major cryptocurrencies, including BTC and ether (ETH). That's consistent with the spike in bullish sentiment for XRP last week, despite the settlement between Ripple and the SEC stalling, as noted by Santiment. Privacy-focused monero (XMR) stood among tokens beyond the top 10 list with a funding rate of over 23%, while Stellar's XLM token signaled a strong bias for bearish bets with a funding rate of 24%. Historically, the third quarter has been a weak period for bitcoin, with data indicating an average gain of 5.57% since 2013, according to Coinglass. That's a far cry compared to the fourth quarter's 85% average gain. BTC's spot price remained flat at around $107,000 at press time, offering no clear direction bias. Valuations have been stuck largely between $100,000 and $110,000 for nearly 50 days, with selling by long-term holder wallets counteracting persistent inflows into the U.S.-listed spot exchange-traded funds (ETFs). Some analysts, however, expect a significant move to occur soon, with all eyes on Fed Chairman Jerome Powell's speech on Tuesday and the release of nonfarm payrolls on Friday. Sign in to access your portfolio

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