AGP Executive Report
Last update: 4 hours agoFootball: Jürgen Klopp has been officially unveiled as Germany’s men’s national team head coach on a contract running through the 2030 World Cup, replacing Julian Nagelsmann after Germany’s World Cup exit to Paraguay. Klopp’s first press conference focused on rebuilding the squad and setting strict boundaries with the media, including a warning that he’ll quit if his family is targeted. He also brings a new staff: Pep Lijnders, Peter Krawietz, and Sven Bender, while Per Mertesacker is set to join the DFB as managing director for sport in January. Auto Industry: Volkswagen reported a 31% drop in first-half profit and cut its 2026 revenue outlook, citing tariffs and tougher competition, as it weighs further cost-cutting and potential job cuts. Transport & Tech: Germany is funding major rail digitalisation, with about €1.7bn until 2030 to equip trains for ETCS and additional money for the Digital Node Stuttgart project. Energy & Industry: MTU has started assembling a pre-production fuel-cell stack for its Flying Fuel Cell programme and is building a full-system demonstrator in Munich, with test runs planned later this year. Politics: Chancellor Friedrich Merz announced a Cabinet reshuffle, appointing CDU general secretary Carsten Linnemann as health minister and moving Nina Warken to a new special affairs role.
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