Latest news with #Volkswagen
Yahoo
5 hours ago
- Business
- Yahoo
Dear QuantumScape Stock Fans, Mark Your Calendars for July 23
Closeup of EV being charged by Solarseven via iStock In a dramatic return to center stage, QuantumScape (QS) has reignited Wall Street's interest ahead of its next earnings release. On July 18, the stock soared to a fresh 52-week high of $15.03, marking a 7.7% intraday gain. Shares have soared more than 215% in the last month, so all eyes will be on its second-quarter report after market close on Wednesday, July 23. More News from Barchart The initial catalyst that sparked its recent rally was the integration of its Cobra separator process into baseline cell production. News of this technical step forward prompted a 31% stock jump the very next day. Given that QuantumScape remains in a pre‑revenue phase, the breakthrough signals tangible momentum. As capital continues to pour in, the question becomes not whether the firm can deliver, but when revenue will begin to flow. Thus, Q2 results will be watched closely. About QuantumScape Stock QuantumScape, headquartered in San José, California, is building the future of electric vehicle power with its next‑generation solid‑state lithium‑metal batteries. At a market cap of $7 billion, the company counts big backers including Bill Gates and the Qatar Investment Authority, while Volkswagen (VWAGY) holds a material ownership stake. Over the past three months, QS has exploded 253%, and in the past month alone risen 220%. That premium shows in valuation. QS now trades at roughly 7.4 times its book value, a lofty level for a pre-revenue company. But with battery breakthroughs underway and investor capital backing its runway, many believe that traditional valuations give way to future potential. A Closer Look at QuantumScape's Q1 Earnings On April 23, QuantumScape unveiled its Q1 2025 earnings, which, despite its pre‑revenue status, carried encouraging developments. The company reported a net loss of $114.4 million, narrowing from $120 million in the year-ago period. Its adjusted EBITDA loss and operating losses both also narrowed year over year. At the end of Q1, QuantumScape reported $860 million in liquidity, giving it a runway well into the second half of 2028. For a pre-revenue company in a capital-intensive industry, this is a reassuring buffer. This will also allow the company to reach key milestones, including field testing set for 2026, without raising immediate funding.
The Citizen
9 hours ago
- Automotive
- The Citizen
Here is why VW is recalling 253 Polo Sedans. Is yours included?
The cars were made available for sale from 11 August 2022. Volkswagen of South Africa has informed the National Consumer Commission (NCC) of a recall of 253 Polo Sedans. This is an addition to the recall of 18 Polo Sedans that was announced last week. NCC spokesperson Phetho Ntaba said the cars were made available for sale from 11 August 2022 to date. 'The recall is due to incorrectly fitted seat belts on the driver and passenger sides.' ALSO READ: Ford is recalling 2024 Rangers in Southern Africa: Here's why Recall of Polo Sedans NCC is a body that protects consumers by ensuring businesses treat consumers fairly and follow consumer protection laws. The Consumer Protection Act 68 of 2008 protects consumers from hazards and ensures their well-being and safety by governing product recalls. The NCC can order a recall if a product is deemed unsafe or poses a potential risk to the public. The first recall was made on 17 July 2025, in which VW stated that the affected vehicles were the Polo sedans. The issue is caused by a mix-up of belt webbing. Seat belts in Polo Sedans 'The NCC received another recall affecting an additional 253 vehicles,' she added. According to VW, the recall is due to a fault in the rear right seat belt; both rear seat belts (left and right) require inspection. Due to the manufacturing issue, the seat belts' restraint function may be severely limited in the event of an accident. 'This could lead to serious or fatal injuries for the driver.' ALSO READ: Did you buy a VW Polo in 2025? It's among six car brands recalled over safety defects Visit VW Those who purchased Polo Sedans from 11 August 2022 are advised to contact a VW-approved dealership for a check. If needed, the affected component will be replaced. 'The success of these recalls is dependent on the response by the motorists of these affected vehicles. 'We remind consumers that the recalls are safety critical; therefore, consumers must respond to any recall with urgency.' NOW READ: Chevrolet cars and Honda motorcycles are being recalled: Here is the list
Time of India
13 hours ago
- Automotive
- Time of India
Volkswagen India's new ad fuses human and machine precision with Jasprit Bumrah
Volkswagen India 's latest campaign for its hatchback, the VW Golf GTI , 'Made of Legend', is a tribute to the brand's performance-driven DNA. Brought to life in collaboration with India's ace right-arm fast bowler, Jasprit Bumrah , the launch goes beyond introducing the car; it sets out to connect a new generation of automotive enthusiasts across the country. When Volkswagen set out to introduce the Golf GTI in India, it wanted to create a high-impact launch that spotlighted the automobile's engineering excellence and performance. This demanded building a powerful cultural and emotional narrative rooted in authenticity, the press note shared with ETBrandEquity stated. In response, PHD Media – part of Omnicom Media Group India – and 22feet Tribal Worldwide , conceptualised a meaningful partnership to position the Golf GTI in the right light and increase brand love. In a nod to the car's legacy, the agency humanised these attributes and leveraged India's deep resonance with cricket. Working closely with Bumrah, the team orchestrated a high-impact, cross-platform campaign that felt less like a collaboration and more like a natural evolution of two forces built for precision. Backed by the insight that precision, control, and performance aren't just automotive traits, but qualities seen in individuals who become legends in their own right, 'Made of Legend' is an effortless coming together of such shared philosophies. The campaign crafts a world where machine and human excellence reflect one another, blurring the line between engineering brilliance and athletic mastery, it added. Monaz Todywalla, chief executive officer of PHD India, said, 'When we approach partnerships for clients, a lot goes into evaluating and bringing it to life – ensuring it not only fits but elevates the narrative for all involved. The Golf GTI is a globally celebrated icon, defined by its engineering mastery and performance under pressure. Jasprit Bumrah embodies these very qualities – calm, consistent, and composed, with a quiet intensity that mirrors the GTI's spirit, allowing him to inspire fans of VW in a unique way. We're proud to have brought together two legends to craft a campaign that's rich in context and storytelling.' Vishnu Srivatsav, national creative director at 22feet Tribal Worldwide, added, 'I've been a GTI fan for as long as I can remember. The GTI isn't just a car—it's an icon. Working on launching the Golf GTI in India has been a deeply personal and professional milestone for me. We knew this was more than introducing a vehicle—it was about doing justice to a legend. And in Jasprit Bumrah, we found the perfect embodiment of the GTI's spirit—quietly composed yet capable of the extraordinary. Bishwajeet Samal, head of marketing and PR at Volkswagen India, said, 'Jasprit Bumrah brings both credibility and cultural relevance to the GTI narrative. This helps us build a strong emotional recall with our audience, while elevating the brand's presence in the performance segment. The collaboration is rooted in strategic intent, and Bumrah's persona aligns naturally with our motorsport DNA, putting the spotlight on performance and consistency with character.' Bumrah said, 'I've always believed that true performance doesn't need to be loud - it just needs to be consistent. Partnering with Volkswagen and the Golf GTI felt like a natural fit. It's a brand I long admired for its precision and presence, and I'm proud to be associated with something that stands for performance par excellence.' With more and more Indian consumers seeking brands that align with their values and aspirations, the campaign shines a light on the increasing strategic shifts in the industry from product-centric marketing to culture-centric storytelling, the press note stated. Watch the video here:
Daily Mail
13 hours ago
- Automotive
- Daily Mail
You could win a BMW M3 Touring, a VW Crafter Campervan & £10,000... for JUST 35p!
How would you like to spend 35p and come away with a BMW M3 Touring, a Volkswagen Crafter Campervan AND £10,000 in cash? That's exactly what could happen if you enter the latest 7days Performance draw! Yes, you read that correctly - tickets cost just 35p. That's the kind of money you'd barely think about if you found it down the back of the sofa... But you need to be quick! The draw opened at 8.45pm on Sunday, July 20 and closes a week later at 8.45pm on Sunday, July 27. You'll hear if you've been lucky just 15 minutes later at 9pm, when the live draw is held on the 7days Performance Facebook and YouTube pages. If you don't fancy the BMW M3 Touring and Volkswagen Crafter Campervan for any reason, you can choose a cash alternative of £140,000. As one of the UK's biggest competition sites, 7days Performance has handed out a massive £145million worth of prizes so far. The name says it all: draws are held almost every day - meaning there are lots of chances to win! One way they stand out from other prize platforms is by only selling a limited number of tickets - while guaranteeing a winner regardless of how many tickets are sold. It's quick and easy to buy tickets, so don't wait another moment! Once you've done so, come back here for a closer look at what you could win... The car lover's dream Fans have been desperate for a touring variant of the M3 ever since it was first released in 1985, only to face decades of disappointment. The 2023 model available in the draw has been upgraded with the BMW Ultimate Package - which adds on all sorts of special features Specifications Only 17,000miles on the clock Full BMW service history Skyscraper grey metallic paintwork Half leather, half alcantara heated carbon bucket seats Full leather multifunction heated steering wheel Full leather dashboard with black accent stitching 14.9-inch face lifted widescreen cockpit curved display BMW self-parking assistant Harman/Kardon premium sound system (and MUCH more...) Modifications: BMW Ultimate Package; Carbon fibre front splitter, side skirts, rear diffuser, rear bumper spats and rear spoiler. CLICK HERE for your chance to win it The unveiling of the BMW M3 Touring finally made this dream a reality... And it was worth waiting for, with all the legendary performance traits you'd expect from BMW's M Division, but with the added practicality of extra leg room, a larger boot, and more storage space. The end result? A powerful drive that's also great for ferrying around the family. Talking of power, its 3.0l twin-turbo, straight-six engine produces a punchy 503BHP and 650NM of torque. Combined with the eight-speed automatic X-drive gearbox, the BMW M3 Touring can hit 62mph in as little as 3.7 seconds. The 2023 model available in the draw has been upgraded with the BMW Ultimate Package - which adds on all sorts of special features. And it could be yours for just 35p! This is an opportunity you don't want to miss! Volkswagen Crafter Campervan Robust, spacious and efficient, the Volkswagen Crafter is a top choice for anyone looking for a good quality, large commercial van. But that's not all it can do! The Volkswagen Crafter on offer in the 7days Performance draw has been fitted out with the the smart, practical features you'd expect of a high-end motorhome Given this model has been fitted out with the smart, practical features of a high-end motorhome, you can take it on your holidays too. Talk about the best of both worlds! A key attribute of the Volkswagen Crafter is its advanced safety features, including autonomous emergency braking and lane-keeping assist. Meanwhile, a 2.0L turbo diesel engine and a six-speed automatic gearbox delivers just the right blend of performance and fuel-efficiency. And now for the fun stuff! The 2023 model in the draw includes mod-cons like an electric drop-down double bed, a Truma hot water and heating system and a kitchen with a fridge, oven, hob and grill. At the back there's a washroom with a shower and toilet. Throw in a mounted TV and a modern infotainment system, and you've got a real home from home. You've got the chance to win it for as little as 35p. Good luck! A reminder of how things work How do I get my ticket numbers? After you've entered and your order has been confirmed, you'll be given ticket number(s) at random. These will be sent via email. A reminder that the winner can choose either - A BMW M3 Touring, a Volkswagen Crafter Campervan AND £10,000 in cash; A £140,000 cash alternative. What's the cap on ticket sales? The total amount of entries for this competition is (799,999) and the draw will take place on 27/07/2025 regardless of the number of tickets sold. How do I find out if I've won? You can watch the results LIVE on the 7days Performance Facebook and YouTube channels. So as soon as you've entered, make sure you follow these pages for updates on this and future competitions - ensuring that their posts are set to show at the top of your newsfeed! Terms and conditions apply: Please click here for detail
The Sun
13 hours ago
- Automotive
- The Sun
Azizulhasni Awang named Volkswagen Malaysia's first brand ambassador
PUCHONG: National track cyclist Datuk Azizulhasni Awang has been unveiled as the first brand ambassador for Volkswagen Passenger Cars Malaysia (VPCM). The announcement was made during a press conference at Volkswagen Puchong (PHS Autohaus Sdn Bhd). VPCM managing director Renate Noessler highlighted Azizulhasni's sporting excellence and personal values as key reasons for the partnership. 'Azizul's story is one of ambition, agility and drive. Much like our cars, he represents performance that is purposeful and enduring,' she said. Noessler emphasised that the collaboration goes beyond a typical endorsement, focusing on shared principles such as discipline and resilience. 'This partnership is about building a relationship that connects with Malaysians who value integrity, confidence and long-term reliability,' she added. Known as the 'Pocket Rocketman', Azizulhasni expressed gratitude for the role, calling it both an honour and a responsibility. 'This is more than just a collaboration between an athlete and a brand. It is a meeting of shared values, performance, precision and living up to one's true potential,' he said. The Olympic medallist drew parallels between his cycling career and Volkswagen's design philosophy, citing models like the Touareg as embodying strength and sophistication. 'Success doesn't happen by chance. It is built through discipline, consistency and the courage to push boundaries. These are the values I have lived by, and I see them clearly in the Volkswagen brand,' he said. Azizulhasni hopes the partnership will inspire Malaysians, particularly the youth, to pursue their ambitions with determination. 'This isn't just about me and the cars. It is about encouraging Malaysians to dream bigger and to see their journey as more than just a destination,' he added. Volkswagen confirmed that Azizulhasni will feature in upcoming campaigns as part of efforts to strengthen its brand presence in Malaysia. - Bernama
