AGP Executive Report
Last update: 6 hours agoHonda EV retreat hits hard: Honda posted its first annual loss in nearly 70 years, blaming EV write-downs and a demand slump that pushed it to suspend major EV plans and pivot harder to hybrids. Honda recall watch: In the same stretch, Honda Canada’s recall drive is also in focus, with a voluntary Takata airbag inflator inspection/replacement campaign covering older Civic, CR-V and Accord models. EV supply-chain wobble: Samsung and GM paused construction on their New Carlisle EV battery plant, citing demand and capacity alignment. Volkswagen family push: VW Atlas marketing leans on real third-row usability for families, with child-seat-friendly access and ISOFIX across the second row. Legal pressure builds: Volkswagen faces a proposed class action over alleged EV battery fire risk, while Honda’s Odyssey side-airbag issue is also headed toward court. Motorsport spotlight: BMW debuted the updated 7 Series at Cannes, while Max Verstappen’s Nurburgring 24 Hours presence sparked qualifying-weekend chaos. Local interest: Toyota’s Hilux owners set a Guinness record at Nampo Harvest Day, and a new 450kW Mercedes-AMG E53 Dark Carbon limited edition landed in Australia.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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