Blackstone’s planned $508m deal to buy the 113 collision repair centres owned by ASX-listed AMA Group has been blocked by the Australian tax office. AMA Group Ltd received a formal response from the Deputy Commissioner of Taxation refusing AMA’s request for a Ruling for Demerger Relief. This ruling was required in order to undertake the [...]

Automechanika Shanghai returns in 2018 with digital trends and new zones taking centre stage. Continuing to serve as Asia’s largest trade fair for automotive parts, accessories, equipment and services, year-upon-year the event will again excel in both size and scale, and also with participant experience and product offerings. This year, exhibition space is estimated to [...]

Volkswagen Group has paved the way for the next level of battery power for long-range e-mobility by increasing its stake in the California technology company QuantumScape Corporation and forming a new joint venture. Dr Axel Heinrich, head of VW Group research, who will take a seat on the board of directors of QuantumScape, said, ‘We [...]

Fix Auto World has changed its name to Fix Automotive Network World to encompass the complete service solution the business now provides. ‘We’ve grown our family of aftermarket brands to deliver a complete service solution to our industry partners and create business opportunities for our franchise members,’ said president and CEO Steve Leal. ‘Our new [...]

Symach has become an official technology partner to Alphabet Italia, part of the BMW Group’s car rental company. Alphabet Italia Fleet Management SpA, through its customer service quality improvement programme, has chosen Symach as a technology partner to support its Alphabet Point collision shop network in achieving quality objectives in repair, production efficiency and speed [...]