AGP Executive Report
Last update: 7 hours agoIndustry Restructuring: Schaeffler plans 3,460 job cuts and five European site closures by 2028, citing weak demand and intensifying competition; three-quarters of the cuts will be in Germany. EV Policy & Production: Thailand will raise import taxes on battery and range-extended EVs to 35% from 2027 to encourage local production. In Pakistan, HUBCO targets a December start for local assembly of BYD’s Sealion 6. Vehicle Technology: Infineon and Qualcomm are developing a safety subsystem for Snapdragon Ride vehicle computers, combining monitoring, power management and software. Markets & Products: New-car registrations in Ireland rose 6% year to date through October, while EV registrations jumped 57%. Ford says its roughly $29,000 Fathom electric pickup is planned for late 2027. Security & Safety: UK MPs warn connected Chinese cars could pose risks at sensitive sites. Toyota is recalling 77 South African RAV4 plug-in hybrids over a fault that could cause loss of power. Fleet Services: OEC has completed its acquisition of epyx, adding a digital network serving more than four million vehicles across the UK and Europe.
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