Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (Groupe PSA) have signed a binding combination agreement providing for a 50/50 merger of its businesses to create the fourth largest global automotive OEM by volume and third largest by revenue. With its combined financial strength and skills, the merged entity will be placed to provide innovative, clean and sustainable [...]

In Doha, Qatar, representatives of Volkswagen AG and the Qatar Investment Authority (QIA) signed the ‘Project Qatar Mobility’. The goal is to develop an autonomous transport project and transform the future of urban mobility to a sustainable and commercial deployment of AD shuttles and bus services. Fostering a cross-brand collaboration as blueprint for future Autonomous [...]

Saudi Aramco has become the most valuable listed company in history after its initial listing on the the Riyadh stock exchange. The oil giant produces more than a tenth of all the world’s crude oil. It raised $25.6bn, 10% above its initial asking price, giving the company an overall value of $1.88tn. That is more [...]

A new study has predicted that the global automotive refinish coatings market will be worth about $7bn by 2022, and will continue to grow until at least 2029. The report by Future Market Insights also identifies acrylics as the material of choice for the industry by 2029, owing to its superior performance characteristics. It says [...]

Dayco has announced that Michael Weiss joined the company as president, powertrain operations, reporting directly to Dayco’s chief executive officer, Joel Wiegert. “We are very pleased to have such a highly regarded industry executive join Dayco to deliver profitable growth of our powertrain segment,” said Wiegert. “Michael’s track record of driving operational efficiency and successfully [...]