The BMW Group has once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year. Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings. In addition, the BMW Group delivered more than 100,000 [...]

AkzoNobel has published its results for 2017 stating it is ‘on track to create two focused, high performing businesses’. The business announced that the separation of Specialty Chemicals is on track for April 2018 and is now reported as discontinued operations. Revenue, including discontinued operations, was up three per cent at €14,575m. Earnings before interest [...]

Renault-Nissan-Mitsubishi has announced the launch of multiple projects to accelerate convergence in key operational areas. These include engineering, manufacturing, purchasing, quality and total customer satisfaction (TCS), aftersales and business development at the world’s largest automotive alliance. The initiative follows the announcement in September 2017 of the Alliance 2022 mid-term plan targeting increased annual synergies of [...]

The Volkswagen Group will invest more than €34bn in future technologies by 2022. The company cites e-mobility, autonomous driving, digital networking of all road users and new mobility services as key levers for making mobility in cities more efficient, cleaner and more liveable. ‘We want to redefine urban mobility, and to that end we are [...]

Axalta has acquired a state of the art manufacturing and distribution facility in Sacramento, California, to support growth in its North American industrial and refinish businesses. Financial terms of the transaction were not disclosed. Michael Cash, Axalta senior vice president and president, industrial coatings, said, ‘Axalta will continue to make these necessary investments to ensure [...]