MAPFRE has taken control of the Indonesian insurance company PT Asuransi Bina Dana Arta Tbk (ABDA), after increasing its stake in the company from 20% to 51% in a transaction valued at €92 million. Through the acquisition, MAPFRE will complete its entry into the Indonesian insurance market, which began in October 2013, when it bought [...]

AkzoNobel is hoping to rule the waves by winning the Volvo Ocean Race next year. It’s teamed up with Dutch sailor Simeon Tienpont to compete in the round-the-world races which starts in October 2017 and ends the following July. The event starts in Alicante, Spain, and stops in Lisbon, Cape Twon, Auckland, Hong Kong, Sao [...]

Volvo Trucks has selected TomTom’s navigation software for use in its new infotainment platform, which launches in Europe next year. TomTom will supply its modular navigation software NavKit in a customised version for truckers; automotive grade digital maps; and live TomTom Traffic service. Antoine Saucier, Managing Director TomTom Automotive, said, ‘TomTom is delighted to be working with [...]

The Society of Motor Manufacturers and Traders (SMMT) has warned the government to expect job losses in the industry if Britain negotiates a ‘hard’ Brexit and leaves the single market. Speaking at the Paris Motor Show, SMMT boss Mike Hawes said, ‘The car industry in Britain is booming with record exports. That’s great news. But [...]

A Florida driver has blamed Tesla’s Autopilot software for a crash which saw her Model S accelerate through the front window of a gym. The Model S was self-parking outside the gym when it suddenly accelerated, crashing through the glass. No one was hurt in the accident. Tesla says it has checked the data from [...]