AGP Executive Report
Last update: an hour agoSafety Recall: BMW is recalling 720,796 vehicles over a water-pump connector fault that could spark fires, including in parked cars. Regulators advise owners to park outside until repairs are available; some vehicles were already repaired under a 2024 recall. Factory Investment: Japan’s Topre plans to spend $140 million on a new Alabama plant and upgrades in Tennessee. Honda is expanding hybrid production in Ohio and Canada, while its next-generation CR-V is set to drop gas-only versions. Germany’s Cost Squeeze: Mercedes-Benz has paused new investment in German plants and is weighing two closures after failing to agree with labor representatives on cost cuts. Toyota’s Small-Truck Push: Toyota plans to build an ultra-compact kei truck in Indiana, reviving the Scion name for a low-speed model aimed at the U.S. market. China’s EV Race: Volkswagen’s China new-energy vehicle deliveries hit a monthly record in October, rising nearly 350% year over year. Stellantis Dispute: Canada is threatening legal action over funding tied to production commitments after Stellantis sold its Brampton plant; the company says it will return C$24 million in support.
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