AGP Executive Report
Last update: 8 hours agoDriver Data Privacy: GM agreed to pay $220 million to settle a 36-state case over allegations it sold drivers’ location and driving data to brokers without consent. The deal requires affirmative consent before GM collects or shares that information. Audi’s US Push: Audi’s planned $4 billion Georgia SUV plant could qualify for tariff relief, with US officials reportedly considering a lower rate for automakers investing in domestic production. The facility is expected to create 4,500 jobs. Industry Strains: Volkswagen posted a $6.5 billion quarterly loss as Porsche-related charges and falling China demand deepened its crisis. Mercedes-Benz is also restarting voluntary buyouts amid cost cuts and pressure in China. Hyundai Investment: Hyundai plans to put $450 million into its Montgomery, Alabama, plant for new vehicle production. Toyota Hybrid Plans: Toyota’s new 1.5-liter hybrid system targets 15% better fuel economy, as the company’s sales in China and worldwide continue to slide.
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