AGP Executive Report
Last update: 2 hours agoSafety Recall: Honda is recalling 635,808 U.S. vehicles over power-steering software that can disable assistance and make cars harder to steer. Dealers will update the software free of charge. U.S. Manufacturing: Honda plans a $3 billion Ohio plant to build hybrids from 2029, creating more than 2,000 jobs. Toyota is also investing $34 million in Indiana to produce a small Scion-branded kei truck, with sales expected in 2027. China Pressures: Nissan cut its annual sales forecast as competition and a worsening slump in China weigh on results. Volkswagen’s Anhui EV venture has no new models planned for 2027 or 2028 after sales fell short. Automotive Technology: Synopsys and Infineon are offering virtual development tools for next-generation vehicle software, while ams OSRAM introduced an automotive-qualified sensor that gives interior controls touch and pressure feedback.
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