AGP Executive Report
Last update: 2 hours agoGerman Economy Watch: Germany’s Q2 GDP growth was revised up to 0.3% quarter-on-quarter, with exports and wholesale/retail turnover helping the rebound despite the Iran shock. Auto Restructuring: Volkswagen is holding crunch talks with workers amid reports of up to 100,000 job losses and possible factory closures, as the German carmaker battles cost pressure and Chinese EV competition. AI & Cyber for Consumers: A new ONEKEY survey says far fewer than half of German firms are ready for the EU Cyber Resilience Act deadline (11 Sept), raising the stakes for connected devices and everyday reliability. Mobility Tech: Waymo plans commercial robotaxi service in Munich in 2027, bringing autonomous rides to a tougher European driving mix. Retail & Payments: Klarna cut its revenue outlook as European retail slows, while Amazon expands its ad pilot across European markets. Food & Health: Germany’s medical cannabis imports have risen sharply since 2024 reforms, and a deepfake-detection push is shifting toward continuous protection during customer sessions. Energy & Infrastructure: Uniper and Equinor signed a long-term gas supply deal for Germany, as Europe weighs winter security amid low storage concerns.
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