AGP Executive Report
Last update: 8 hours agoDefence Manufacturing: Dutch-headquartered Destinus says it now produces nearly 300 Ruta cruise missiles a month, exceeding Europe’s pre-war annual output and highlighting the rapid expansion of European weapons production. Automotive: Volkswagen’s €5.9bn third-quarter operating loss is intensifying pressure for restructuring, including up to four German plant closures and 100,000 job cuts. UK car production, meanwhile, had its strongest September in three years. Semiconductors: Infineon plans to invest €1.1bn in Austrian chip production, backed by €319m in EU state aid. In Leuven, Lam Research and imec also reported a manufacturing milestone for next-generation chip wiring. Factory Technology: Stratasys will debut a production-focused system at Formnext in Frankfurt, while French startup Bleu Robotics raised €5m to develop AI for industrial humanoid robots. Industrial Policy: Brussels’ proposed “Made in Europe” rules are raising questions about how the UK will fit into future EU supply chains.
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