VW ID.7 EV Sedan Canceled for Good, At Least for Americans
'Due to the ongoing challenging EV climate, Volkswagen has decided to no longer offer the ID.7 to the North American market,' VW's statement reads.
The ID.7 was originally slated to go on sale in the U.S. at some point in 2024, but VW announced an indefinite delay in May of last year. There was no targeted on-sale date provided last year, which makes its complete cancellation less surprising now.
Volkswagen cites the tough market for EVs in its statement, but goes on to suggest it's not shrinking away from electric cars entirely.
'Despite this, electric vehicles continue to be a core part of Volkswagen's long-term product strategy, and new electric models will continue to be introduced for this market. We are encouraged by the enthusiastic reception of the ID. Buzz that was introduced late last year, and the strong ID.4 sales in January to date,' the statement concludes.
The ID.7 would've bolstered VW's sedan lineup in the U.S. — a lineip that currently only consists of the Jetta and Jetta GLI, with the liftback Arteon having exited stage left a couple of years ago and the Passat just shortly before it. If you want a big VW, the only choice is an SUV or the electric ID. Buzz nowadays.
It's too bad we'll never experience the big electric sedan here — doubly so for its GTX performance variant available in Europe, and triply so because there's even a wagon version called the ID.7 Tourer on sale across the Atlantic. Sadly, the ID.7 is slated to be another Volkswagen product that'll never see the light of day in North America.
You Might Also Like
You Need a Torque Wrench in Your Toolbox
Tested: Best Car Interior Cleaners
The Man Who Signs Every Car
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
4 hours ago
- Miami Herald
VW's Competitors Should Fear The Upcoming ID2 GTI Seen In Spy Shots, Plus Our Render
According to VW's top boss, Thomas Schaeffer, the upcoming, high-performance electric hot hatch–the VW ID.2 GTI–is "a monster" that will blow away all of our expectations. With a predicted unveiling later this year or in early 2026, the VW ID.2 GTI will give the world a first glimpse at how Volkswagen plans to translate its legendary hot hatch recipe into a fully-electric vehicle. For now, though, thanks to our friend Stephen Hancock of SHProshots, we've gained access to incredible spy shots of the VW ID.2 GTI undergoing testing to satisfy our palates until we finally get to see the real thing. While a VW e-Golf GTI is expected to be released eventually, the ID.2 GTI will be Volkswagen's first ever all-electric model to bear the iconic GTI nameplate, and thus has a vast legacy to live up to. Thanks to these highly detailed spy shots, we can all rest assured knowing that, at the very least, the VW ID.2 GTI won't be so bloated. With its smartly compact proportions and short wheelbase, it's safe to say that this electric GTI will be a blast to throw around tight corners–a true staple of any authentic GTI. As a hard-headed purist myself, there's no denying that the idea of a fully-electric hot hatch is ample grounds for skepticism. However, thanks to the precedent set by the lauded Hyundai Ioniq 5 N, which proved that a driver-focused electric hatchback really could put a smile on your face, my hopes are high for Volkswagen's entry into this new and exciting segment. I'll admit that I wish VW's integration of electric hot hatches into its lineup didn't mean its gas-powered sports models will likely be phased out entirely, but it's at least somewhat comforting to know that we won't be left entirely without that necessary "fun factor" that made hot hatches so appealing in the first place. As the VW ID.2 GTI will be the German automaker's first-ever fully-electric performance model, its critical reception will truly be a "make or break" moment for the brand. If the model excites and demonstrates a genuinely well-executed effort, it could cement VW as a serious heavy-hitter in the segment, as it has been for so many years with models such as the Golf GTI and Polo GTI. On the other hand, if it lacks the passion and vibrance that buyers have come to expect from driver-oriented cars, it could cost VW a lot of the hype they'll need to maintain for the inevitable release of the e-Golf GTI. Until we see more from Volkswagen, we remain hopeful and optimistic that the brand's engineers will be able to translate their traditional hot hatch passion into a progressive and forward-thinking EV. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Business Insider
9 hours ago
- Business Insider
Goldman Sachs Beats the Drum on These 2 ‘Strong Buy' Stocks
After a volatile start to the year, the stock market appears to be regaining its footing. While the first four months were marked by sharp swings rather than prolonged losses, sentiment began to shift as the markets bottomed out in April. Since then, the S&P 500 has rebounded impressively, up 25% from its April low, and if history is any guide, that momentum could well carry through July. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Driving this renewed optimism are several positive developments. President Trump's tariff policy appears to be bearing fruit, leading to new trade deals, while the one-and-done strike on Iran's nuclear program has helped ease tensions in the Middle East. Investors are also starting to discount the risk of a recession and are instead focusing on the prospect of additional interest-rate cuts in the second half of 2025. In this environment, strategists at Goldman Sachs see further room for the rally to continue, at least until August. 'We think this rally will continue for the next couple weeks but lose steam into August… We are entering the strongest month for the S&P historically July brings an average return of 1.67% looking back to 1928… In the recent rally, the ability to transfer risk quickly lends itself to healthier trading,' the Goldman strategists wrote. Against this backdrop, Goldman's equity analysts are highlighting stocks they see as particularly well-positioned to benefit. Their latest focus is on two companies with very different profiles, each set to capitalize on the current bullish environment. This positive outlook is echoed by the broader market, as both names, according to TipRanks' database, also earn 'Strong Buy' ratings from the analyst consensus. Goldman Sachs' latest stock picks include Ovintiv, an energy company operating across North America's key hydrocarbon basins. As an independent exploration and production (E&P) operator, Ovintiv manages a diverse portfolio of assets and plays an active role in the development of crude oil, natural gas, and natural gas liquids. Ovintiv's main operations are located in three oil and gas basins, each well known in the North American energy industry. The firm's chief plays are in the rich Permian Basin of Texas, one of the largest oil deposits in the United States. The Permian is composed of multiple geological formations; Ovintiv's operations are focused on the Spraberry and Wolfcamp formations of the Midland Basin. One state over, Ovintiv is also working the Anadarko Basin in west-central Oklahoma, where the company's holdings target the SCOOP and STACK black oil windows. Finally, Ovintiv also works in the Canadian Rockies, in the Montney formation along the Alberta–British Columbia border. This is an unconventional oil and gas deposit and one of the largest on the continent. Ovintiv has a proven cube development approach that is particularly appropriate for extraction operations here. We should note here that the Montney assets are a recent acquisition to Ovintiv's portfolio. The company closed on the purchase in January of this year, paying $2.3 billion in US currency for the new position. Ovintiv's purchase of Montney was conducted at the same time as its sale of its Uinta assets in northeastern Utah, for $2 billion in cash. Ovintiv has a standing commitment to returning capital to its shareholders. The company has been generating positive free cash flow each year since 2018 and has returned an aggregate $2 billion to its shareholders. The capital returns are made through both dividends and share repurchases, although the share repurchase program was paused in 4Q24 and 1Q25 while the company balanced the costs of its Montney acquisition and Uinta divestiture. In 2Q25, Ovintiv resumed repurchases to the tune of approximately $146 million. On the dividend, Ovintiv last declared the common share payment on May 6 and paid it out at a rate of 30 cents per share on June 30. At this rate, the dividend gives an annualized payment of $1.20 per common share and a forward yield of 3%. During the first quarter of this year, the last period reported, Ovintiv reported a net loss of $159 million, which came to 61 cents per share. The company included a non-cash ceiling test impairment of $557 million, after taxes, in that figure. During the quarter, Ovintiv also generated a non-GAAP cash flow of $1.004 billion. After deducting $617 million in capital investments, the company had a non-GAAP free cash flow for the quarter of $387 million. For Goldman analyst Neil Mehta, the key points here are Ovintiv's quality when compared to its peers and its recent streamlining of operations in shedding Uinta and adding Montney. In addition, the 5-star analyst goes on to point out Ovintiv's profitable exposure to natural gas. 'We believe the risk/reward to shares from current levels screens attractively relative to the larger cap diversified E&P peer group (EOG, OXY, DVN, CTRA, APA). Following OVV's divestiture of the higher-cost Uinta assets and the acquisition of deeper, more capital efficient Montney inventory, we believe that OVV's FCF generation trades at a meaningful discount relative to larger cap diversified E&P peers. As inventory quality and duration remain a key area of focus for E&P investors, we believe the Montney/Uinta transactions present a positive shift in the company's inventory position. In addition, we believe that the company's exposure to an inflection in natural gas prices remains underappreciated alongside our estimate of more upside relative to downside risk to Henry Hub commodity prices in the next 12-18 months as LNG export capacity ramps,' Mehta opined. These bullish comments back up the analyst's Buy rating on OVV, while his $51 price target implies a one-year upside potential of ~28%. (To watch Mehta's track record, click here) Overall, the Strong Buy consensus rating on Ovintiv is based on 16 recent analyst recommendations, which include 13 Buys and 3 Holds. The shares are priced at $39.92, and their $50.93 average target price is just below Goldman's estimate. (See OVV stock forecast) Omada Health (OMDA) The second stock on our list of Goldman Sachs picks, Omada Health, went public through an IPO just last month. Omada Health focuses on the care and control of chronic conditions, such as obesity, using online networking to connect patients with a monitoring team – including a personal health coach and a clinical specialist – to develop and carry out personalized care plans. The company's approach is centered on helping patients to make 'small and steady' health choices, which, taken together, will add up to large changes in lifestyle and overall health. Everything revolves around care plans that are tailored to individual patients and aim at managing or controlling conditions such as diabetes, obesity, high blood pressure, and chronic pain. Omada has been at the forefront of virtual care in general health since 2011. The company's goal is to move patients past simply trying a new care program and help them to stick with it. Omada's solutions to this common problem in care and maintenance are evidence-based and have proven track records of success in helping patients to manage their chronic conditions and improve overall health. As of this past March, Omada claims more than 1 million total all-time members enrolled in its programs, with over 679,000 currently enrolled. The company boasts that it has received customer satisfaction and customer retention rates of approximately 90%. In June of this year, the company announced that its GLP-1 companion program, used to promote patient compliance with GLP-1 weight-loss medications, had significantly improved persistence rates among patients, resulting in better weight-loss outcomes at both 12 and 24 weeks. Stock in Omada, as noted above, hit the public markets in June of this year. The company priced its IPO at $19 per share, with trading in OMDA starting on June 6 and some 7.9 million shares being made available. The offering closed on June 9 and raised approximately $150 million in gross proceeds. OMDA shares closed at $23 on June 6, and the stock has declined by 23% since then. Despite this initial pullback, Omada continues to attract the attention of analysts. David Roman covers this new stock for Goldman, and he is impressed by Omada's revenue growth in the past year, as well as by the company's potential for profitability in the near future. 'From 1H 2024 to 2H 2024, the company accelerated revenue growth from ~33% to ~43%, with 57% growth in 1Q 2025. The growth acceleration has been driven by underlying base growth, plus increase contribution from EncircleRx and GLP-1 program traction. Looking forward, we model the growth contribution of each of these moderating but momentum offers support for potential upside… We expect the company to reach break-even EBITDA in 3Q 2026 and profitability ($2 million) in 4Q 2026. This near-term path to profitability is largely supported by revenue scale, modest gross profit improvement and more material operating leverage (inclusive of incremental public company costs)… At current levels — considering the growth trajectory of the business, near-term path to profitability, and below peer valuation — we see OMDA offering compelling risk/reward,' Roman stated. Quantifying his bullish stance, Roman sets a Buy rating on OMDA shares, along with a $29 price target that points to a ~56% potential gain in the year ahead. (To watch Roman's track record, click here) What does the rest of the Street have to say? 7 Buys and no Holds or Sells add up to a Strong Buy consensus rating. The shares are trading for $18.63, and their $23.71 average price target indicates the stock may gain 27% by this time next year. (See OMDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Fox News
13 hours ago
- Fox News
Volkswagen's iconic cute van drives itself with 360-degree vision
You gotta give it to VW for nailing it with their adorable design that modernizes an icon. I'm still wondering about taking a ride without any driver behind the wheel of its latest innovation. The ID. Buzz autonomous van is Volkswagen's latest step toward making driverless transportation a real option for cities and companies. Instead of modifying existing cars, Volkswagen's mobility brand, MOIA, designed this van from scratch for fleet operations. As a result, public transit agencies and corporate mobility providers now have access to a clean, connected and scalable solution for autonomous travel. Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide — free when you join my To begin with, the ID. Buzz autonomous van features SAE Level 4 autonomy, which means it can manage all driving tasks without human input in certain scenarios. This is possible because of 27 advanced sensors, including 13 cameras, nine LiDAR units and five radars. Together, these provide a 360-degree view of the surroundings, enabling safe and accurate navigation. In addition, Volkswagen partnered with Mobileye to integrate trusted self-driving technology. MOIA's Autonomous Driving Mobility-as-a-Service (AD MaaS) platform supports the van by managing operations, passenger support and real-time logistics. Inside, riders will notice thoughtful features like a spacious cabin with four seats, a raised roof and luggage space where the front passenger seat usually goes. Passengers can also unlock the vehicle using smartphones and dedicated buttons for support and emergencies enhance convenience and safety. Unlike Tesla's Robotaxi, which focuses on individual ride-hailing, the ID. Buzz targets companies and public transit agencies. Therefore, you're more likely to see these vans used in fleets than in private ownership. This vehicle is part of a complete, turnkey solution that includes not just the van but also training, fleet management tools and real-time monitoring software. Because of this, cities and companies can launch autonomous mobility services quickly and confidently. MOIA is partnering with Hamburg as its first municipal client, and a deal with Uber will bring the ID. Buzz to Los Angeles in 2026. Pending regulatory approval, a broader rollout is expected across Europe and the U.S. that same year. Autonomous vehicles like the ID. Buzz can help solve major transit challenges. For example, they could address growing driver shortages and improve service in rural areas. With a flexible and scalable approach, Volkswagen is positioning itself as a key player in the autonomous mobility race. Ultimately, the goal is to bring safe, sustainable and accessible driverless travel to more people, whether in dense cities or underserved communities. There's a lot to admire in the Volkswagen ID. Buzz autonomous shuttle. Its blend of AI-driven technology, practical design and user-friendly features make it a strong contender for the future of urban mobility. In many ways, it's redefining what we expect from autonomous transportation. Would you feel confident stepping into the Volkswagen ID. Buzz autonomous shuttle and letting it handle the entire ride on its own? Let us know by writing to us at Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide — free when you join my Copyright 2025 All rights reserved.
