AGP Executive Report
Last update: 7 hours agoAutomaker Pressure: BMW has cut its outlook again as weak Chinese demand and restructuring weigh on earnings; European supplier Schaeffler plans nearly 3,500 job cuts, while Dräxlmaier is set to close its Serbian plant, putting about 1,000 jobs at risk. Market Shifts: October sales show stronger EV and hybrid demand in parts of Asia: imported vehicle sales rose 29.3% in South Korea, while ASEAN auto sales climbed 13% in the third quarter. Trade and Policy: A U.S. auto industry group is urging Congress to permanently ban Chinese vehicles, as Thailand seeks clarity on a proposed 35% excise tax for EV imports. Technology: Toyota plans to build self-driving cars through its Waymo partnership from 2027; Infineon and Qualcomm are also developing a chip subsystem for vehicle computers. New Models: Mercedes-Benz has launched its locally assembled GLC Electric in India, priced from Rs 78.5 lakh with a claimed range of up to 715 km.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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