AGP Executive Report
Last update: 40 minutes agoIndia SUV Launch: Hyundai has launched the Bayon from ₹9.99 lakh, adding a second midsize SUV alongside the Creta. It brings a 115-PS petrol engine, AI voice assistant and Level 2 driver aids; a CNG version is planned for January 2027. Hyundai targets 250,000 combined Bayon and Creta sales in 2027. Vehicle Technology: Volkswagen Group named NXP a strategic chip partner for its software-defined vehicle architecture, with the first vehicle planned for 2027. STMicroelectronics also introduced combined sensors designed to bring advanced safety features to more vehicle segments. US Investment: Audi plans a $4 billion Georgia assembly plant with capacity for 200,000 SUVs a year and 4,500 jobs, pending Volkswagen board approval. CEO Gernot Döllner defended appearing with President Trump to announce the plan, while Germany’s IG Metall union chief called it politically unacceptable. Supply Chain: Foxconn will invest ¥115 billion for a 50% stake in a mobility equipment joint venture with Mitsubishi Electric. Market Shift: Chinese automakers’ sales in Türkiye fell 43.8% in January–September, while Europe’s car market grew 6.3%.
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