AGP Executive Report
Last update: 17 minutes agoDealer Deal: Penske Automotive accepted a buyout by Penske Corp. and Mitsui for the shares they don’t own, valuing the dealer group at $16.3 billion. The $212-a-share deal is expected to close in early 2027. Safety Recalls: Toyota is recalling about 31,000 RAV4 plug-in hybrids over software that could cut power or shut down at speed. Hyundai is recalling 94,622 vehicles over front seat motors that may overheat and catch fire. India Expansion: Hyundai opened its Pune plant and plans to invest $15.5 billion in India through 2032, including capacity growth and new models. Stellantis also plans ₹4,000 crore in investment and 12 Jeep and Citroën launches or updates. Europe Policy: Germany and France are pushing to soften the 2035 combustion-engine phaseout while tightening “Made in Europe” rules for incentives and public contracts. China Headwinds: Volkswagen’s third-quarter deliveries fell 14% as sales weakened in China, adding pressure on the group’s restructuring.
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