AA plc has agreed to sell its Irish business and operations – AA Ireland – to Carlyle Cardinal Ireland Fund, LP (CCI) and Carlyle Global Financial Services Partners II, LP (CGFSP). The cash deal is valued at €156.6m. The transaction is subject to approval by the Competition and Consumer Protection Commission in Ireland and by [...]

PSA Group and TomTom Telematics have announced that TomTom’s Webfleet fleet management solution will be available for all connected Peugeot, Citroën, and DS fleet vehicles. The Webfleet platform will use the data sent by the manufacturer-fitted telematics units of Peugeot, Citroën and DS cars – a first alliance of its kind with a car manufacturer [...]

Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners following the emissions scandal. A source claims the deal would see VW offer to repair or buy back affected diesel vehicles and pay owners compensation. The settlement figure would see nearly 500,000 US diesel VW vehicle owners receive $5,000 each on average as [...]

IHS Automotive anticipates that the UK’s vote to leave the EU will lead to a reduction in its current light-vehicle sales forecast, on top of an already expected decline for the market. IHS also sees production being hit in response to the reduction in UK sales, while the potential for slower growth in the Eurozone [...]

Henkel’s newly opened Composite Lab in Heidelberg, Germany, is a state-of-the-art test facility where automotive customers can team up with experts to develop and test composite parts. Henkel has opened its Composite Lab to allow OEMs and Tier-1 customers to conduct trials using high-pressure resin transfer molding (HP-RTM) equipment. The HP-RTM machine includes a 380 [...]