AGP Executive Report
Last update: 2 hours agoHonda’s Hybrid Push: Honda plans a $3 billion Ohio plant with capacity for 240,000 vehicles a year, while also expanding hybrid production in Canada. The move comes as the automaker raises its profit outlook despite costly EV setbacks. Safety Watch: U.S. regulators are investigating side-airbag burn reports in more than 1.2 million Ford Explorers. Honda is also recalling over 635,000 vehicles over a power-steering defect. Toyota’s Tiny Truck: Toyota will build its Scion-branded Kei-01 in Indiana for a 2027 U.S. launch. The 25-mph utility vehicle will initially be sold in limited numbers. Nissan and Volkswagen: Nissan narrowed its first-half loss but faces fierce competition in China as it sticks to its full-year profit target. Volkswagen’s China EV venture, meanwhile, has no new models planned for 2027 or 2028, according to sources. New Models and Strategy: Mercedes is adding an electric C-Class while keeping petrol and diesel versions available. Audi says its revised China strategy will split responsibilities between its two joint ventures to sharpen local focus. EV Technology: Cambridge GaN Devices and Ricardo are developing a traction inverter for a Nissan-led UK project, targeting improved electric-vehicle efficiency.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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