AGP Executive Report
Last update: an hour agoToyota’s U.S. Push: Toyota will invest $34 million and add about 50 jobs at its Indiana plant to build the Scion KEI-01, a low-speed mini truck for fleets, starting in 2027. Chinese Expansion: Chery is considering a Canadian assembly plant, a move that could help the automaker navigate trade barriers as it expands abroad. Luxury EVs: Genesis has priced its new GV90 electric SUV from about $103,000 in Korea, taking aim at the BMW X7 and Mercedes-Benz GLS with a 500-kilometer claimed range. Honda’s Hybrid Bet: Honda plans a $3 billion Ohio plant expected to create 2,000 jobs, while investing another $867 million to expand hybrid production in Ontario. Prices and Batteries: U.S. new-vehicle prices hit a record average of $51,109 in October. BMW, meanwhile, has lined up Samsung SDI and LG Energy Solution as battery suppliers for its next-generation EVs.
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