AGP Executive Report
Last update: 12 hours agoPlant Investments: Audi’s planned $4 billion Georgia factory is set to create about 4,500 jobs, while GM will spend $750 million to add hybrid production in Lansing. Hyundai is investing nearly $450 million in Montgomery to expand engine production for hybrid and extended-range electric vehicles and prepare for new Santa Fe and Tucson models. Earnings and China: Ford lifted the lower end of its annual profit forecast after third-quarter core profit edged up to $2.7 billion, despite rising material costs. Mercedes, facing a steep sales decline in China, cut its profit outlook and plans staff buyouts in Germany. Safety Recalls: Toyota is recalling about 228,000 Siennas over seatbacks that may move in a crash. Audi recalled 9,048 Q4 e-trons in the U.S. over battery-fire risk, advising owners to limit charging to 80%.
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