AGP Executive Report
Last update: 6 hours agoHonda’s Hybrid Push: Honda raised its full-year profit forecast to ¥500 billion as a weak yen offsets costs from its EV retreat. It also plans a $3 billion Ohio hybrid plant, set to start production in 2029 with capacity for 240,000 vehicles a year, and will invest in its Canadian operations. Safety Recall: Honda is recalling 635,808 U.S. vehicles over power-steering software that could disable steering assistance; dealers will update the software free of charge. BMW’s EV Supply Chain: BMW signed battery-cell supply deals with Samsung SDI and LG Energy Solution for its next-generation EVs, sourcing cells from Europe and the U.S. New Volkswagen SUV: Production of the Tengo has begun in South Africa ahead of its March launch. Built at Volkswagen’s Kariega plant, it will also be exported to African markets. Electric Lineup: BMW’s iX4 coupé-SUV is due in showrooms next March, with a top claimed range of 827 km.
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