AGP Executive Report
Last update: a few seconds agoElectric Performance: Mercedes-AMG unveiled its first fully in-house-developed electric SUV, with up to 1,153 hp and 710-kW charging. Production Recovery: Toyota and Honda have restarted Thai production as supply chains recover from flooding. Volkswagen Cuts: The company is considering a global pay freeze through 2030 as it steps up cost-cutting and job reductions. Software and Autonomy: Toyota aims to make all its models software-defined by 2030, while Volvo and Nvidia are expanding work on self-driving systems. New EV Platforms: Subaru says its next electric platform, due in 2029, will be developed independently, with software-defined vehicles also planned for the late 2020s. Safety Recalls: Hyundai is recalling more than 94,000 Genesis sedans over a power-seat fire risk; Toyota has also recalled vehicles over a fault that could cause power loss at speed.
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