AGP Executive Report
Last update: an hour agoAuto Industry: Volkswagen CEO Oliver Blume backed EU “Made in Europe” rules, saying carmakers need fairer conditions as the company undertakes its biggest-ever restructuring. A preliminary EU-China deal to curb Chinese hybrid imports may ease pressure, but wider trade disputes remain. Business Outlook: Germany raised its 2026 growth forecast to 1.3%, though insolvencies rose 6.9% in the first seven months. Industrial production grew 2% in August, while exports unexpectedly fell. Energy Risks: EU gas storage stood at 72.4% in early October, its lowest seasonal level in more than a decade, raising concern over winter supply and costs for businesses. Sanctions: Berlin reaffirmed its Russia sanctions despite Washington’s diesel deal with Moscow, keeping energy policy at odds with the US shift.
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