AGP Executive Report
Last update: 6 hours agoToyota’s Hybrid Bet: Toyota raised its full-year profit outlook as strong U.S. hybrid demand helped offset weaker sales in China, marking its first profit gain in six quarters. Supplier Pressures: Bosch plans 750 more job cuts at its Abstatt mobility site by 2029, citing Chinese competition and a shift of development work to China. BMW also cut its 2026 outlook and plans deeper job reductions in China. Electric Launches: Mercedes-Benz launched its locally assembled electric GLC in India at ₹78.5 lakh, with a claimed range of up to 711 km and bookings topping 1,000. Safety Recalls: GM is recalling more than 67,000 Chevrolet and Cadillac EVs over a brake software fault that can temporarily reduce braking. Cyprus also warned owners of 52 vehicles with defective Takata airbags to stop driving until repairs are complete.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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