AGP Executive Report
Last update: 7 hours agoF1 Power Shift: Honda is replacing the head of its 2026 Formula 1 power unit project after a tough start, with Yoichiro Fukao taking over from Tetsushi Kakuda on Oct. 1 as Aston Martin’s engine partner looks to reset its development plan. EV Efficiency Push: Volkswagen unveiled the Mission Efficiency near-production EV concept, claiming a 0.158 drag coefficient and record energy use, plus real-world results from a 1,278 km run. New Mercedes Lineup (Malaysia): Mercedes-Benz Malaysia revealed a locally assembled CLA 200 AMG Line (ICE) and a new electric GLC 300 4MATIC on EV architecture, touting fast charging and up to 616 km range (WLTP). Auto Tech for the Grid: UL launched a vehicle-to-grid certification program to help electric vehicles support power networks. Battery/Charging Supply Chain: Costco is rationing Kirkland Signature motor oil amid a refining crisis and price surge. Autonomous Ambitions: Tesla’s Cybercab is set for public display in China, but regulatory hurdles remain unclear. Manufacturing Jobs: Toyota supplier Toyotetsu Mid America plans a $41m expansion in Owensboro, Kentucky, adding capacity and retaining nearly 640 jobs.
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