AGP Executive Report
Last update: 10 hours agoEV Results: Rivian’s third-quarter revenue rose 38% to nearly $2.2 billion, with the R2 its best-selling model. The company raised the low end of its 2026 delivery forecast to 67,000 vehicles. Manufacturing Investment: Linamar plans $25 million in new equipment at its Albion plants, expected to add 33 jobs. Nissin will invest $14.3 million in a Kentucky distribution center serving Toyota-affiliated suppliers, creating 30 jobs. New Models: Mercedes-Benz launched its electric CLA in South Korea, where it has already drawn about 1,000 preorders. Trade and Technology: A U.S. Air Force base in Okinawa barred BYD vehicles, citing security risks without specifying them. Ford is also pushing utilities to help lower the cost of bidirectional EV charging. Market Shift: Chinese automakers are counting on overseas growth as their domestic market weakens, while gasoline-only cars have fallen below half of global sales for the first time, according to a new report.
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