Volkswagen's Iconic Microbus Returns To America After Two Decades In Electric Avatar

Volkswagen AG VWAGY is set to reintroduce its German-manufactured microbus, the ID Buzz, to the United States with a world premiere event on Friday. 

What Happened: This marks the return of the iconic Volkswagen bus to the U.S. after a 20-year absence since the T4 generation. The ID Buzz features up to seven seats, a sunroof, a long wheelbase, and a maximum speed of 160 km/h. 

Deliveries of the microbus in the country are scheduled to begin in 2024. Pablo Di Si, President and CEO of the Volkswagen Group of America, said, “The ID. Buzz and the USA – it’s a perfect match! The VW bus has a long history in the USA and enjoys real cult status. Our aim today is to further strengthen the Volkswagen brand in America.” 

The European premiere of the ID Buzz is planned to take place in Hanover from June 23 to 25. 

Why It Matters: Volkswagen reported a substantial 39% year-on-year increase in vehicle deliveries in April, driven by a surge in China deliveries. 

Additionally, the company recently announced its focus on profitability rather than engaging in a discount battle, aiming to leverage its strong market position for sustainable business growth.

Price Action: Shares of VWAGY closed up 2% at $15.39 on Thursday, according to data from Benzinga Pro.

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