Business
business
Jon Keegan

VW’s long-awaited minibus revival is expensive and disappointing

Seven years after revealing a concept design for a sleek, candy-colored, electric, self-driving Minibus that filled design nerds with feverish lust, Volkswagen is finally releasing the specs of the US 2025 ID. Buzz production model, and... it’s just a minivan. And an expensive one at that.

Starting at $59,995, the all-electric minivan is rated at 234 miles of estimated range for the rear wheel drive model, falling short of the 270 miles VW promised in 2017. Also missing from this model is “the fully autonomous ‘I.D. Pilot’ driving mode,” where “the driver’s seat can be turned 180 degrees to face the rear.”

But the ID. Buzz will be the first all-electric minivan in the US, which is a big deal. The colorful two-toned exterior will surely stand out in a sea of grey Honda Odysseys.

Volkswagen’s electric ID Buzz van will start at $59,995 in the US

Volkswagen’s electric ID Buzz van will start at $59,995 in the US

Starting at $59,995, the all-electric minivan is rated at 234 miles of estimated range for the rear wheel drive model, falling short of the 270 miles VW promised in 2017. Also missing from this model is “the fully autonomous ‘I.D. Pilot’ driving mode,” where “the driver’s seat can be turned 180 degrees to face the rear.”

But the ID. Buzz will be the first all-electric minivan in the US, which is a big deal. The colorful two-toned exterior will surely stand out in a sea of grey Honda Odysseys.

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Millie Giles

eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

eBay Bloomberg 10/30

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

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