AGP Executive Report
Last update: 10 hours agoEV Manufacturing: Foxconn unveiled three electric models, including a compact commercial van, as it pursues contract-manufacturing work; Stellantis has begun building Leapmotor cars in Europe. Automaker Results: Rivian raised its full-year outlook after third-quarter revenue rose 38% to $2.16 billion. Magna’s earnings climbed despite lower sales, with its cash-flow outlook improving. Production Plans: GM confirmed its Lansing Delta Township plant will build hybrids, while Chery is targeting overseas production for 70% of its exports by 2030. Market Shift: Gasoline-only cars fell below half of global sales for the first time in a century. India’s automotive industry is valued at ₹22 lakh crore, making it the world’s third largest. Supply Chain: AkzoNobel is investing $60 million to expand North American powder-coatings production, and a Polish auto supplier picked South Carolina for its first U.S. factory. Policy: Europe is considering changes to its 2035 phaseout of new petrol and diesel cars.
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