Genuine Parts Company (GPC) has entered into a definitive agreement which will see it acquire Alliance Automotive Group from private equity funds managed by Blackstone and AAG’s co-founders. The acquisition is valued at a total purchase price of approximately $2bn, including the repayment of AAG’s outstanding debt upon closing. The transaction has been approved by [...]

The Institute of the Motor Industry (IMI) has raised concerns about the government’s post-Brexit plans for EU Block Exemption Regulations. Research from the IMI has found that an estimated 40,000 independent businesses could lose access to information and data needed to repair vehicles on the road today if government fail to guarantee continuation of the [...]

BASF’s Coatings division has signed on to be a global sponsor of the WorldSkills International umbrella association until at least 2019. By sponsoring the WorldSkills competition, the automotive refinish business unit of BASF’s Coatings division aims to make young talent excited about the spray painting profession in particular and is focusing on promoting the next [...]

Volvo Cars has been recognised by the United Nations (UN) for its ground-breaking electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative. The report, launched at the Global Compact’s annual high-level meeting in New York, focuses on the progress that Global Compact members have made in supporting [...]

AkzoNobel has appointed Maarten de Vries as its next chief financial officer, effective from 1 January 2018. The industrial-paints company said that once he starts working the current interim CFO, Hans De Vriese, will move into the role of director of planning and transformation. Maarten de Vries joins the company from Intertrust Group, a Netherlands-based [...]