Category: 3. Business

  • What will it take to boost housing in N.L.? This advocate says a focused approach and targeted investing

    What will it take to boost housing in N.L.? This advocate says a focused approach and targeted investing

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    Newfoundland and Labrador needs more houses, and one advocate says it’s going to take a multi-pronged approach to boost construction.

    Kelly Rogers, an executive with the Canadian Home Builders Association’s Newfoundland and Labrador branch, said the latest data from the Canada Mortgage and Housing Corporation shows new housing construction in the province as “mixed.”

    “It’s generally showing a positive year-to-date trend in urban areas, despite some recent monthly volatility. The year-to-date housing starts from January to October … it was 880 units,” she told CBC News.

    In 2012, when the housing construction sector was “booming,” she said housing starts were 3,885.

    “We’re a long way from those steps,” Rogers said.

    There are a number of factors that can depress housing affordability and supply, she said, like higher interest rates, restrictive mortgage rules, development changes, red tape, as well as labour shortages.

    Over the summer, Prime Minister Mark Carney announced a GST rebate for first time home buyers, something Rogers said would result in significant savings for those customers. However, the bill wasn’t passed.

    ‘A huge feat’

    A 2024 Canada Mortgage and Housing Corporation report estimated Newfoundland and Labrador needed 60,000 new housing units built in the next six years, which would mean 10,000 new homes a year.

    “That’s quite significant and it is a huge feat, for sure,” said Rogers.

    During the recent provincial election, the Progressive Conservatives pledged to build 10,000 homes over five years.

    Rogers said to ramp up construction there needs to be targeted investment in housing to improve infrastructure. A big barrier to construction outside of St. John’s is municipal water, sewer and road systems capacity, she said.

    “We also need to remove the barriers to factory built homes, one of which includes financial institutions not offering proper construction financing products for modular homes,” Rogers said.

    Man standing in front of two microphones
    Housing Minister Joedy Wall says the province is looking at different types of housing builds, including modular homes and micro-units. (Julia Israel/CBC)

    The recently passed federal budget earmarked an initial $13 billion over the next five years to “supercharge” the housing industry, with money for developing factory-built housing and other affordable home options.

    “There’s still all kinds of regulations in place. It’s not as easy as just saying, ‘OK, let’s build 1,000 modular homes.’ There’s so many barriers to that,” Rogers said.

    Red tape a ‘major focus’

    Housing Minister Joedy Wall said building 10,000 homes in the next few years is an “ambitious goal” but the new Progressive Conservative government is ready for it.

    Wall said reducing red tape for municipalities will be a “major focus we’re going to be looking at,” adding — as a former mayor — he understands different towns have different regulations.

    “At the [Municipalities Newfoundland and Labrador] event in Corner Brook just a couple of weeks back … many towns want to have the chat, wanting to be part of the solution, which is great because as a provincial government we cannot do this alone,” he said.

    Wall said the province is also looking at different types of builds, modular homes and micro-units.

    Wall, who was speaking during a ground-breaking ceremony for a Habitat Humanity duplex in Mount Pearl at the time, said he hadn’t spoken with his federal colleagues on how federal initiatives could help the province boost its housing supply.

    Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.

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  • Elon Musk promised a ‘major rebound’ for Tesla in 2025. Instead it fell behind its biggest rival from China

    Elon Musk promised a ‘major rebound’ for Tesla in 2025. Instead it fell behind its biggest rival from China

    Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row.

    Tesla said that it delivered 1.64 million vehicles in 2025, down 9% from a year earlier.

    Chinese rival BYD, which sold 2.26 million vehicles last year, is now the biggest EV maker.

    It’s a stunning reversal for a car company whose rise once seemed unstoppable as it overtook traditional automakers with far more resources and helped make Musk the world’s richest man. The sales drop came despite President Donald Trump’s marketing effort early last year when he called a press conference to praise Musk as a “patriot” in front of Teslas lined up on the White House driveway, then announced he would be buying one, bucking presidential precedent to not endorse private company products.

    For the fourth quarter, Tesla sales totaled 418,227, falling short of even the much reduced 440,000 target that analysts recently polled by FactSet had expected. Sales were hit hard by the expiration of a $7,500 tax credit for electric vehicle purchases that was phased out by the Trump administration at the end of September.

    Tesla stock fell 2.6% to $438.07 on Friday.

    Even with multiple issues buffeting the company, investors are betting that Tesla CEO Musk can deliver on his ambitions to make Tesla a leader in robotaxi services and get consumers to embrace humanoid robots that can perform basic tasks in homes and offices. Reflecting that optimism, the stock finished 2025 with a gain of approximately 11%.

    The latest quarter was the first with sales of stripped-down versions of the Model Y and Model 3 that Musk unveiled in early October as part of an effort to revive sales. The new Model Y costs just under $40,000 while customers can buy the cheaper Model 3 for under $37,000. Those versions are expected to help Tesla compete with Chinese models in Europe and Asia.

    For fourth-quarter earnings coming out in late January, analysts are expecting the company to post a 3% drop in sales and a nearly 40% drop in earnings per share, according to FactSet. Analysts expect the downward trend in sales and profits to eventually reverse itself as 2026 rolls along.

    Musk said earlier last year that a “major rebound” in sales was underway, but investors were unruffled when that didn’t pan out, choosing instead to focus on Musk’s pivot to different parts of business. He has has been saying the future of the company lies with its driverless robotaxis service, its energy storage business and building robots for the home and factory — and much less with car sales.

    Tesla started rolling out its robotaxi service in Austin in June, first with safety monitors in the cars to take over in case of trouble, then testing without them. The company hopes to roll out the service in several cities this year.

    To do that successfully, it needs to take on rival Waymo, which has been operating autonomous taxis for years and has far more customers. It also will also have to contend with regulatory challenges. The company is under several federal safety investigations and other probes. In California, Tesla is at risk of temporarily losing its license to sell cars in the state after a judge there ruled it had misled customers about their safety.

    “Regulatory is going to be a big issue,” said Wedbush Securities analyst Dan Ives, a well-known bull on the stock. “We’re dealing with people’s lives.”

    Still, Ives said he expects Tesla’s autonomous offerings will soon overcome any setbacks.

    Musk has said he hopes software updates to his cars will enable hundreds of thousands of Tesla vehicles to operate autonomously with zero human intervention by the end of this year. The company is also planning to begin production of its AI-powered Cybercab with no steering wheel or pedals in 2026.

    To keep Musk focused on the company, Tesla’s directors awarded Musk a potentially enormous new pay package that shareholders backed at the annual meeting in November.

    Musk scored another huge windfall two weeks ago when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018.

    Musk could become the world’s first trillionaire later this year when he sells shares of his rocket company SpaceX to the public for the first time in what analysts expect would be a blockbuster initial public offering.

    ____

    AP video journalist Mustakim Hasnath contributed to this report from London.

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  • Former Greengates bank to be converted into cafe and shop

    Former Greengates bank to be converted into cafe and shop

    A former bank is to be converted into a cafe and shop despite multiple objections.

    Developers were granted permission to convert the former NatWest bank in Greengates by Bradford Council in December, despite receiving 12 objections.

    The building on New Line, which is next to a pharmacy and Asda, has been vacant for more than a year, according to the council.

    Residents objecting to the plans said they were concerned about the negative impact on property values, potential damage to local businesses and an increase in parking.

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  • Ethiopia strikes draft restructuring deal on $1 billion bond with bondholder group – Reuters

    1. Ethiopia strikes draft restructuring deal on $1 billion bond with bondholder group  Reuters
    2. Ethiopia nears $1b bond restructuring  The Express Tribune
    3. Ethiopia reaches agreement in principle with Ad Hoc Committee of bondholders on principal financial terms of restructuring of 2024 Notes- Ministry of Finance – Addis Media Network -English  አዲስ ሚዲያ ኔትወርክ
    4. BREAKING NEWS: Ethiopia Reaches Deal in Principle on $1bln Eurobond  Birr Metrics
    5. News: #Ethiopia reaches preliminary deal with bondholders on restructuring of 2024 #Eurobond Ethiopia has reached an agreement in principle with a group of international bondholders on the main financial terms for restructuring its US$1 billion Eurobond th  facebook.com

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  • SLLEA AC/DC Adapter for Le Pan Mini TC802A TC802 Android Touch Screen Tablet Power Supply Cord Cable PS Charger Mains PSU

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    Product Description

    SLLEA AC / DC Adapter For Le Pan mini TC802A TC802 Android Touch Screen Tablet Power Supply Cord Cable PS Charger Mains PSU

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  • The OncFive: Top Oncology Articles for the Week of 12/28

    The OncFive: Top Oncology Articles for the Week of 12/28

    Welcome to OncLive®’s OncFive!

    Every week, we bring you a quick roundup of the 5 top stories from the world of oncology—ranging from pivotal regulatory decisions to key pipeline updates to expert insights on breakthroughs that are moving the needle in cancer care. This resource is designed to keep you informed on the latest updates in the space, in just a matter of minutes.

    Here’s what you may have missed this week:

    The FDA approved narsoplimab-wuug (Yartemlea) for the treatment of adults and pediatric patients aged 2 years or older with hematopoietic stem cell transplant–associated thrombotic microangiopathy (TA-TMA). The decision was supported by single-arm TA-TMA Study and expanded access program data showing a TMA complete response (CR) rate of 61% in evaluable patients, with consistent responses across adult and pediatric cohorts. Treatment led to improvements in platelet count, lactate dehydrogenase levels, organ function, and transfusion independence, with a 100-day survival rate of approximately 73% from TMA diagnosis. This marks the first FDA-approved therapy for TA-TMA, representing a practice-changing advance in post-transplant supportive care.

    A new drug application has been submitted to the FDA seeking approval of bezuclastinib (CGT0486) for use in patients with nonadvanced systemic mastocytosis, based on positive results from the phase 2 SUMMIT trial (NCT05186753). Bezuclastinib significantly improved total symptom score at week 24 compared with placebo and led to higher rates of clinically meaningful symptom reduction. The agent also showcased marked biologic activity, with over 95% of evaluable patients achieving at least a 50% reduction in serum tryptase levels. These data support bezuclastinib as a potential disease-modifying therapy in a population with limited approved options.

    China’s National Medical Products Administration approved ipilimumab N01 (IBI310; Tabosun) in combination with sintilimab (Tyvyt) as neoadjuvant therapy for patients with stage IIB to III resectable microsatellite instability–high/mismatch repair–deficient colon cancer. The decision was supported by data from the phase 3 NeoShot study (NCT05890742) demonstrating an 82% pathological CR (pCR) rate with the combination versus surgery alone, without increased surgical risk. Earlier phase 1b results showed significantly higher pCR rates with ipilimumab N01 plus sintilimab vs sintilimab monotherapy. This represents the world’s first approval of a CTLA-4 antibody in the neoadjuvant colon cancer setting.

    Japan’s Ministry of Health, Labour and Welfare approved tafasitamab-cxix (Minjuvi) plus rituximab (Rituxan) and lenalidomide (Revlimid) for the treatment of adults with relapsed or refractory follicular lymphoma. The decision was based on findings from the phase 3 inMIND trial (NCT04680052), which showed a significant progression-free survival (PFS) benefit over placebo plus rituximab and lenalidomide, at a median PFS of 22.4 months vs 13.9 months (HR, 0.43). Independent review confirmed durable PFS benefit, with median PFS not reached in the tafasitamab arm. This approval establishes a chemotherapy-free, dual CD19/CD20–targeted option in Japan for relapsed/refractory disease.

    In December 2025, the FDA issued multiple oncology approvals, including full approval of pirtobrutinib (Jaypirca) for relapsed/refractory chronic lymphocytic leukemia/small lymphocytic lymphoma based on findings from BRUIN CLL-321 (NCT04666038) and clearance of lisocabtagene maraleucel (Breyanzi) for relapsed/refractory marginal zone lymphoma based on data from TRANSCEND-FL (NCT04245839). Additional approvals included niraparib plus abiraterone (Akeega) for BRCA2-mutated metastatic castration-sensitive prostate cancer based on findings from AMPLITUDE (NCT04497844) and fam-trastuzumab deruxtecan-nxki (Enhertu) plus pertuzumab (Perjeta) for frontline HER2-positive metastatic breast cancer based on data from DESTINY-Breast09 (NCT04784715). The agency also expanded access to subcutaneous formulations of amivantamab and hyaluronidase-lpuj (Rybrevant Faspro) and mosunetuzumab (Lunsumio VELO), improving treatment convenience without compromising efficacy. Collectively, these decisions reflect continued momentum toward precision oncology, novel drug delivery platforms, and earlier use of targeted and cellular therapies.

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  • 5 Carwow Deals to Jumpstart Your 2026

    5 Carwow Deals to Jumpstart Your 2026

    New year, new car? Whether it’s a shiny new model, a smart lease, or a top-quality used gem, Carwow has some great deals to kickstart your 2026. Check out our best offers and drive into the year in style, including over a staggering £14,300 off a brand-new luxury SUV.

    Remember, you can buy a brand new or used car right here on Carwow. And you can lease a car, too. We’re here to help you through every step of your car-changing journey.

    Save over a £14,300 on a new BMW X7*

    I’d recommend the BMW X7 because it delivers unapologetic luxury, space and presence in a way few SUVs can match. The bold styling won’t be to everyone’s taste, but it’s more imposing than alternatives. Meanwhile, the interior is genuinely premium, with high-quality materials and a slick twin-screen infotainment setup. It also offers ample space in all three rows and a big, flexible boot.

    On the road, the X7 is comfortable and refined. The xDrive40d diesel is the engine to go for, blending strong performance with sensible running costs, while standard air suspension makes long journeys quiet and relaxing. Add in plenty of driver assistance tech and clever parking systems, and the X7 becomes surprisingly easy to live with for such a large SUV.

    The BMW X7 usually starts at £93,160, but you can get one through Carwow from £77,497. The biggest saving is on the M Sport version, which has a whopping £14,367 off at the time of writing. This is a great deal because this version includes:

    • 21-inch wheels
    • Aerodynamic body styling
    • Front and rear seat heating

    This trim also has a 352hp 3.0-litre diesel engine and four-wheel drive – all the performance you’ll need day-to-day.

    Lease a Renault Symbioz from £210 per month*

    I’d recommend the Renault Symbioz because it’s essentially a Captur with the extra space many buyers actually want. It looks almost identical up front, but the longer rear body brings a much more useful 492-litre boot, making it a smart alternative to cars such as the Nissan Qashqai without feeling bulky or expensive.

    It comes only as a well-equipped E-Tech hybrid, so it’s efficient (over 60mpg is possible), easy to live with and feels a step up from the Captur thanks to features like the slick Google infotainment and optional Solarbays glass roof. It’s not the most exciting drive, but as a practical, economical family car, the Symbioz makes a lot of sense.

    You can lease a Renault Symbioz in the Techno trim level from £212.64 per month (initial payment: £2,208.76) on a 48-month, 5,000-mile-per-year deal through Carwow. This is a great deal because it comes with plenty of equipment despite it being an entry-level car, including:

    • 10.2-inch driver’s display
    • 10.4-inch infotainment screen powered by Google
    • Adaptive cruise control

    Pay less than £7,000 for a used Vauxhall Corsa*

    I’d recommend the Vauxhall Corsa because it’s a simple, practical small hatchback that looks good and drives well. Easy to handle in town, with a solid, functional interior and sporty exterior touches, it balances comfort and everyday usability. It won’t grab attention like a Mini or Peugeot, but the Corsa is reliable, fuss-free, and affordable – a smart choice for anyone wanting a sensible, stylish small car.

    I’ve found a pretty decent deal on one priced at £6,750. That buys you a 2016 90hp 1.4-litre petrol car which has 30,722 miles on the clock. In this used version, you get Apple CarPlay/Android Auto, cruise control, and 280 litres of boot space. If you wanted a brand-new Corsa in a similar trim level you’d spend about £20,000, so the used car saves around £13,000.

    Save over £3,800 on a new BYD Seal U*

    I’d recommend the BYD Seal U because it packs a lot of SUV into a surprisingly affordable package. It’s roomy, tech-rich – with a huge touchscreen and full-cabin air purification – and feels more premium than its price suggests.

    It’s smooth and efficient around town thanks to its plug-in hybrid system that offers a range of up to 50 miles, even if the soft suspension and light steering make it less exciting to drive on a twisty road. For space, kit, and value, the Seal U is worth a look.

    The BYD Seal U usually starts at £33,315, but you can get one through Carwow from £31,040. The biggest saving is on the Design version, which has £3,804 off at the time of writing. This is a great deal because this version comes with a range of features, including:

    • Selectable driving modes (Eco, Normal, Sport, Snow, Sand, Muddy)
    • A panoramic sunroof
    • Headlights with high-beam assistance
    • Ventilated, heated, and electric-adjust front seats
    • Air purification
    • 10-speaker Infinity sound system
    • Three ISOFIX mount points

    Lease a Tesla Model 3 from £290 per month*

    I’d recommend the Tesla Model 3 because it offers long-range electric driving, sleek styling, and a spacious, family-friendly interior at a competitive price. The Long Range model can reach around 436 miles per charge, with a huge 590-litre boot, frunk, and a bright panoramic roof making it practical for everyday life.

    It’s also fun to drive, with smooth handling, minimal road noise, and a sporty Performance option. With features such as heated and cooled seats, rear touchscreens, and wireless charging included even in the base model, the Model 3 blends tech, comfort, and efficiency in one standout electric car.

    You can lease a Tesla Model 3 in Standard trim from £292.91 per month (initial payment: £3,514.92) on a 24-month, 8,000-mile-per-year deal through Carwow. I think this is a great deal because, despite it being entry-level, you get up the following features:

    • 344 miles of range
    • Huge 15.4-inch touchscreen
    • Power-adjustable and heated front seats
    • Heated steering wheel
    • Faux leather upholstery
    • 18-inch wheels

    Car change? Carwow!

    Looking for a new set of wheels? With Carwow you can sell your car quickly and for a fair price – as well as find great offers on your next one. Whether you’re looking to buy a car brand new, are after something used or you want to explore car leasing options, Carwow is your one stop shop for new car deals.

    Click here to follow us on WhatsApp, where you can keep up-to-date with all the latest news, reviews, advice guides and videos.

    *Savings are made up of the maximum dealer discount off RRP – subject to dealership, location and trim. Prices correct at the time of writing.

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  • Would Your Company Want To Stop Filing Quarterly Reports if No Longer Required?

    Would Your Company Want To Stop Filing Quarterly Reports if No Longer Required?

    Key Points

    • The Trump administration and the SEC say they want to eliminate the need for quarterly financial reports by public companies, a move that would reduce the regulatory burden on companies and encourage more long-term thinking.
    • But a number of factors could cause companies to continue to report more often than semiannually, including shareholder demands, the prospect of activist pressure and the possibility that less frequent reporting would result in less analyst coverage.
    • Changing to semiannual reporting could also complicate capital raising, share buybacks and trading windows for insiders.

    Public companies in the U.S. could soon be freed of the obligation to report financial information every quarter.

    The Securities and Exchange Commission (SEC) has indicated it will support shifting to a semiannual reporting following President Donald Trump’s renewed call to end mandatory quarterly reporting. But many companies could decide to disclose financial information more frequently for a variety of reasons, including pressure from investors, analysts and activists, and because of potential complications for trading and fair disclosures.

    Altering the reporting requirements would require the SEC to go through its rulemaking process, first proposing rules, then subjecting them to a public comment period before finally adopting them. But SEC Chairman Paul Atkins stated that the SEC is fast-tracking President Trump’s proposal.

    Potential Implications

    Semiannual reporting would have various potential implications for public companies, positive and negative:

    Long-term focus. The shift to semiannual reporting could potentially allow management to focus more on long-term investments and business strategy rather than quarterly earnings. Proponents have argued that frequent reporting on the quarterly cycle leads to greater short-term market volatility.

    Reduced regulatory burden. Filing fewer regulatory filings could free up corporate resources, including those dedicated to preparing the reports and working with auditors to review 10-Q financial statements. However, the Sarbanes-Oxley Act requires companies to maintain robust disclosure controls and procedures and internal control over financial reporting processes, separate from public reports. Companies would also need to assess how semiannual reporting would impact financial accounting processes (e.g., the frequency of impairment testing) and the external annual audit.

    Increased voluntary reporting. Given the longstanding mandate and cadence of quarterly reporting, companies may continue this practice voluntarily in response to investor and analyst expectations. For example, reduced information flow could result in less analyst coverage. Companies may also be forced to continue quarterly reporting to provide comparability with competitors. Many companies in jurisdictions that mandate only semiannual reporting, such as the EU and U.K., nonetheless choose to voluntarily report earnings on a quarterly basis.

    Semiannual reporting may also result in more frequent Form 8-K “Current Report” filings or press releases to communicate material developments that might otherwise be reported in the Form 10-Q under the current quarterly reporting regime.

    Shareholder activists. Activist investors generally want more transparency, not less. They may pressure companies to voluntarily report key metrics in between semiannual filings and raise issues if a company chooses not to do so, or does not disclose the same level of information as competitors. If a company begins to underperform relative to its peers, an activist may use the lack of disclosure as a wedge issue. To avoid this, companies would be well advised to proactively engage with their largest shareholders to understand their desired level of reporting.

    Capital raising, buybacks and trading by insiders. Semiannual reporting could also limit trading opportunities unless supplemented with interim disclosures of earnings or other material information. Longer gaps between disclosures of material nonpublic information might complicate new securities offerings and make companies more cautious about opening trading windows for share repurchases and trades by insiders, and entry into Rule 10b5-1 insider trading plans.

    Regulation FD. Longer gaps between periodic reports could also present risks of inadvertent selective disclosure of material nonpublic information without broad dissemination, in violation of SEC Regulation FD. It is considered best practice to maintain “quiet periods” before quarterly earnings. Companies would need to reassess those under a semiannual reporting timeline.

    Next Steps

    In 2018, during President Trump’s first administration, the SEC published a request for comment on earnings releases and quarterly reports and hosted a roundtable, but declined to pursue further reforms. However, there was broad support for a change to semiannual reporting in response to a request for comment then, and the SEC can consider that in proposing rule changes. Nonetheless, as explained, any changes would take time to implement, and final rules would likely include a transition period.

    In the meantime, companies will need to assess investors’ views and weigh the pros and cons before eliminating full quarterly reports.

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  • Strong Retail Demand for Gold

    Strong Retail Demand for Gold

    Retail demand for gold has exploded over the past year, see chart below.

    Sources: Bloomberg, Apollo Chief Economist

    Download high-res chart


    This presentation may not be distributed, transmitted or otherwise communicated to others in whole or in part without the express consent of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”).  

    Apollo makes no representation or warranty, expressed or implied, with respect to the accuracy, reasonableness, or completeness of any of the statements made during this presentation, including, but not limited to, statements obtained from third parties. Opinions, estimates and projections constitute the current judgment of the speaker as of the date indicated. They do not necessarily reflect the views and opinions of Apollo and are subject to change at any time without notice. Apollo does not have any responsibility to update this presentation to account for such changes. There can be no assurance that any trends discussed during this presentation will continue.   

    Statements made throughout this presentation are not intended to provide, and should not be relied upon for, accounting, legal or tax advice and do not constitute an investment recommendation or investment advice. Investors should make an independent investigation of the information discussed during this presentation, including consulting their tax, legal, accounting or other advisors about such information. Apollo does not act for you and is not responsible for providing you with the protections afforded to its clients. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interest in any investment product or fund or account managed or advised by Apollo. 

    Certain statements made throughout this presentation may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking information. As such, undue reliance should not be placed on such statements. Forward-looking statements may be identified by the use of terminology including, but not limited to, “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology.


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  • The all-new ID. Polo – Covered Drive & Design Workshop

    The all-new ID. Polo – Covered Drive & Design Workshop

    From concept vehicle to production model. In 2023, Volkswagen presented the Polo “ID. 2all”, This concept car was designed by Volkswagen Chief Designer Andreas Mindt. The design of the ID. 2all was so well-received by the public that more than 80 per cent of the concept vehicle’s design could be transferred to the production model. At the same time, the ID. Polo is also the first model to be designed on the basis of the Volkswagen Pure Positive design language developed by Andreas Mindt and his team. With its pure clarity and positive aura, this visual language transfers the brand’s design DNA into the future. Thanks to Pure Positive – which is already recognisable despite the camouflage – the ID. Polo embodies Volkswagen’s hallmarks of high quality standards, powerful stability and a likeable overall appearance. In addition, the vehicle is highly aerodynamic, with a best-in-class drag coefficient of just 0.264.

    More space, more possibilities. The new ID. Polo based on the MEB+ is 4,053 mm long, 1,816 mm wide and 1,530 mm high; the wheelbase is 2,600 mm. For comparison, these are the corresponding values for the Polo with petrol engines based on the modular transverse matrix (MQB), which is being offered in parallel to the electric ID. Polo: 4,074 mm (length), 1,751 mm (width), 1,451 mm (height) and 2,552 mm (wheelbase). The exterior dimensions of both Polos are on a similar level. Nevertheless, the electric ID. Polo offers significant extra space thanks to the particularly compact drive modules of the MEB+. This means that the passengers have 19 mm more interior space available than in the classic Polo and this is particularly noticeable in the rear. The interior width and headroom have also increased. The luggage compartment volume has also expanded by 24 per cent – from 351 to 435 litres. When the rear seat backrests are folded down, the load capacity increases to 1,243 litres (Polo MQB: 1,125 litres). Thanks to this extra space, the four-door and five-seater ID. Polo is now more of an all-rounder than any of its predecessors, specialised in urban environments but equally at home far beyond the city limits and on trips with family and friends.

    Feel at home on board. The Pure Positive design language is also reflected in the newly designed interior of the ID. Polo. Andreas Mindt: “With the ID. Polo, we wanted to create an interior that feels like a friend from the very first encounter. Clear physical buttons ensure stability and confidence, warm-looking materials make it really likeable, and loving details such as our new retro skins ensure that the unmistakable Volkswagen look shines through. The ID. Polo is a compact car with a big heart – Pure Positive in its purest form.” And indeed, never before has the interior of a compact Volkswagen been more intuitive to operate, more cleverly designed and more charismatic. The intelligent interior architecture, high-quality material feel, cleanly designed and ideally placed physical buttons and rotary controls, digital displays on one visual axis, innovative features such as the retro displays (depending on equipment) that bring a touch of nostalgia to the digital instruments (start with the look and feel of the Golf I Facelift) or the ID.Light, which enables intuitive interaction between vehicle and driver and is integrated for the first time not only in the dashboard but also in the front doors, as well as excellent ergonomics – it all combines to create an interior that immediately feels like home. And it is precisely this feeling of the car as a familiar friend, as outlined by Andreas Mindt, that has always been characteristic for a Volkswagen and is an integral aspect of the ID. Polo.

    Quality without class limits. Ever since the fourth generation of the Polo (2001) and Golf (1997) came around (if not before), Volkswagen has been achieving a standard of quality and comfort in the small car and compact class that is based on the next higher class in each case. With the new ID. Polo, Volkswagen is also continuing with this approach. The class-spanning impression is characterised by details such as the robust and ergonomic door release levers from the new T-Roc, a fabric-covered instrument panel surface, the newly developed and easy-to-operate keypad on the multifunction steering wheel and optional features such as the high-end sound system from Harman Kardon and the electric seats with massage function available for the first time in a Polo.

    New front-wheel drive and new battery system. The ID. Polo is characterised by a front-wheel drive that has been developed completely from scratch, based on the next evolutionary stage of the modular electric drive (MEB) platform: the MEB+. Thanks to the completely new and particularly efficient electric drive, the complexity and thus the number of components and weight have been reduced – parameters that have made it possible for Volkswagen to lower costs and consumption. In addition, the electric front-wheel drive on board the ID. Polo offers clear advantages in terms of space. The drive system’s main modules include the new Volkswagen APP290 electric drive motor and the latest generation of power electronics also developed by Volkswagen. A new lithium-ion battery is housed flat in the underbody: the PowerCo unified cell from the Volkswagen Group. This uses what is known as cell-to-pack technology, where the cells are combined directly into a battery pack without the intermediate step via module housings. This reduces the price, installation space and weight, and at the same time increases the energy density by around 10 per cent. The advantage: greater range.

    85 kW to 166 kW. For its debut, the ID. Polo will be available in three output levels: 85 kW (116 PS), 99 kW (135 PS) and 155 kW (211 PS). The ID. Polo GTI, a particularly sporty version with 166 kW (226 PS), will follow in the course of the coming year. The 85 kW and 99 kW versions will be equipped as standard with a 37 kWh (net) LFP version (lithium iron phosphate) of the new high-voltage battery. This battery can already be charged at DC quick-charging stations with up to 90 kW. The 155 kW and 166 kW drives will be powered as standard by an NMC version (nickel manganese cobalt battery) of the new PowerCo unified cell. This battery offers an energy content of 52 kWh (net), enables ranges of up to 450 km and can be charged at DC stations with up to 130 kW.

    Automated driving functions. With the MEB+, not only the latest electric drive technologies, but also numerous next-generation assistance systems are making their way into the ID. Polo. This includes Travel Assist; the assist system enables assisted lateral and longitudinal guidance and assisted lane changes on motorways. As an innovation, Travel Assist in the ID. Polo will offer the new function of traffic light and stop sign recognition.

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