AGP Executive Report
Last update: 7 hours agoAutomotive Reset: Volkswagen CEO Oliver Blume says the company’s restructuring depends on both tougher competitiveness from industry and better policy support, as Chinese rivals intensify Europe’s EV price war and VW weighs deep cuts, including possible German plant closures. Trade and Market Access: The EU-China interim deal could halve projected Chinese hybrid-car exports to Europe and ease some tariffs on European exports. Meanwhile, Britain is pressing to join the EU’s proposed “Made in Europe” rules, which could otherwise disadvantage UK manufacturers in public contracts and subsidy schemes. Energy Costs: A new UK scheme offers manufacturers electricity-bill cuts of up to 25%, a welcome boost as high power costs weigh on industrial competitiveness. Security Risks: European intelligence agencies warn that Russian operatives are targeting executives at defense manufacturers, including smaller drone and components firms, prompting companies to tighten security.
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