AGP Executive Report
Last update: 4 hours agoRestructuring Shock: Volkswagen CEO Oliver Blume told staff another 50,000 jobs could be cut worldwide, taking the total potential hit to 100,000 as the automaker targets a 20% cost gap and weighs factory closures. Model Reset: The same cost push is tied to plans to slash the model lineup by up to half and reduce production, with unions warning of major conflict. EV Pressure in China: Hainan’s 15th Five-Year Plan reiterates a 2030 end to new gasoline vehicle sales, with NEVs forecast to reach 45% of the fleet by then. Supplier Security: SGS says its Pune Chakan lab is now TISAX-approved, helping automakers and supply chains meet automotive information security standards. Autonomous Testing Rules: New Jersey is considering a robotaxi testing bill requiring crash-avoidance tech and coordination with state police and the attorney general. Product & Tech Moves: Toyota is testing a Hycross facelift; Mercedes is positioning the Electric C-Class as a key sweet spot; and XPENG is testing its MONA L03 VLA 2.0 in Munich ahead of Europe.
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