AGP Executive Report
Last update: 4 hours agoLabor Unrest: Hyundai Motor’s union staged its first full strike in a decade, halting production at Ulsan, Jeonju and Asan as wage talks broke down over bonuses, reinstating dismissed workers, retirement age and AI-driven job protections. EV Supply Chain & Tech: Horizon Robotics entered Europe’s intelligent driving chip market via a Bosch alliance, tying its Journey 6M chip to Bosch-developed systems used in a Zeekr model sold across 16 European countries. New Model Push (China): BYD’s Fangchengbao opened nationwide pre-orders for the Formula S sedan and Formula S GT, with CLTC EV range up to 900 km and rear- or all-wheel drive options. Platform Strategy (India): Volkswagen confirmed a 2027 sub-4m SUV for India using the MQB-A0-IN platform, aiming to be its most affordable SUV locally. Safety Ratings: Mazda 6e and Mercedes-Benz CLA (mild-hybrid and EV) earned five-star ANCAP ratings after Euro NCAP testing. Corporate Moves: Chandra Asri agreed to buy Jardine Cycle & Carriage’s Singapore and Malaysia automotive businesses for about S$265m, expanding into regional mobility.
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