Fans of Formula 1 are revving up with excitement after the McLaren Formula 1 team today unveiled its racing livery for the 2018 season, which was created using the latest superior coatings technology supplied by AkzoNobel. The new MCL33’s eye-catching primary colour, Papaya Spark – first seen today during the team’s official launch in Navarra, [...]

Ageas UK has posted a net profit of €29m in 2017 (2016: loss of €156m) despite a €46m Ogden impact. Gross Inflows, including Tesco Underwriting Ltd, decreased to €2bn (vs €2.2bn 2016), down three per cent at constant exchange rates. Motor inflows reduced to €1bn (vs €1.1bn 2016), down two per cent constant exchange rates. [...]

Reuters reports Daimler will invest €2.6bn in research and development at its trucks division by 2019. Daimler Trucks will focus on developing electric mobility, connectivity and automated driving technology for commercial vehicles. Mercedes-Benz is currently testing eActros trucks with an operating range of up to 200kms (125 miles) as part of a broader electrification push, [...]

AXA UK & Ireland has posted ‘strong’ results claiming its strategy of ‘moving from payer to partner is delivering consistent growth and profitability despite volatile market’. Overall, UK and Ireland revenues climbed from £4.39bn in 2016 to £4.53bn last year, with its combined operating ratio improving from 97.7% to 96.3%. Its underlying earnings dipped slightly [...]

The Genuine Parts Company, owners of the Alliance Automotive Group (AAG), has posted full year sales for 2017 of $16.3bn an increase of six per cent on the previous year. Sales for the fourth quarter ended 31 December 2017 were $4.2bn, an 11.3% increase compared to $3.8bn for the same period in 2016. Net income [...]