AGP Executive Report
Last update: 11 hours agoRestructuring Shock: Volkswagen’s supervisory board meets to debate deeper cuts, with talk of closing multiple German plants and doubling job losses amid tariff and China pressure. EV Market Chill: A new report says the U.S. EV slowdown is forcing automakers to cancel or delay models, with Hyundai and Kia among the most visible pullbacks. Safety Watch: IIHS testing changes are pushing tougher standards; Mazda’s 2026 CX-5 earns a Top Safety Pick+ while a Cadillac CT5 lands “poor” in multiple areas. Hydrogen Push: Hyundai Motor Group opens Korea’s first waste-to-hydrogen complex, turning sewage sludge biogas into hydrogen for fuel-cell vehicles. Kia Leadership: Kia names Song Min-su, its domestic production chief, as co-CEO to strengthen efficiency and labor relations. Recall Roundup: Honda expands a recall for 325,000+ Odyssey minivans over rearview image display failures that can raise crash risk. Local Industry Impact: Carlex Glass America will close its Vonore plant by end of September, affecting about 325 jobs. Newcomer Micro-EV: Fiat’s Topolino hits the U.S. at $13,995—cheap, but limited to about 19 mph and short range. Road Incidents: A crash and fire in Labertouche destroyed a Mazda sedan; police suspect speed.
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