AGP Executive Report
Last update: an hour agoHonda EV retreat hits hard: Honda posted its first annual loss in nearly 70 years, blaming a failed EV push and announcing it’s scrapping long-term electric targets and pausing/abandoning major EV plans, including an Ontario project. GM compliance spotlight: Michigan regulators plan a $50K fine for GM over maintenance issues with air-pollution-cleaning equipment at its Lansing plant, even as emissions stayed under limits. Safety and chaos on roads: A Mercedes driver in New York’s Upper West Side crash killed two and critically injured three after mounting the sidewalk, while a separate Welsh case saw a Mercedes firebombed in a revenge attack. Tech + charging momentum: Tesla Full Self Driving (Supervised) is now permitted in Belgium, and Toyota is weighing another big San Antonio expansion that could add 2,000 jobs. EV market pressure: Imported brands are leaning into EVs as oil prices rise, while used-car demand and perceptions keep shifting.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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