Axalta is supporting five different teams competing in this year’s Formula Student, an internationally recognised motorsports competition for students from universities around the world. The competition brings teams together to develop, design, and construct racing car prototypes, gaining valuable practical engineering and scientific experience. Matthias Schönberg, vice president of Axalta and president for Europe, Middle [...]

Volkswagen has endured another difficult few days after it was announced that the German states of Hesse and Baden-Wuerttemberg were suing the company for damages over its emissions-test cheating scandal. They are claiming for compensation for after the value of their shares in the company plunge following dieselgate. Hesse finance minister Thomas Schaefer said the [...]

Volkswagen Group is continuing to drive its digital transformation by expanding its competence with regard to artificial intelligence (AI). VW not only intends on using this technology in the field of autonomous driving and in production, but also to speed up corporate processes. Professor Patrick van der Smagt, associate professor at Technische Universität München and [...]

The BBC reports that asset management firm Blackrock and a group of institutional shareholders are set to sue Volkswagen for £1.7bn over ‘dieselgate’. The report claims investors, including sovereign wealth funds and pension funds, are expected to file a complaint in a court in Braunschweig, Germany claiming that VW ‘failed to disclose its use of [...]

Saudi Arabia’s aftermarket trade, valued at nearly US$2.6 billion in 2015, has attracted the attention of global manufacturers, as they plan to grow their business interests at the Kingdom’s dedicated aftermarket industry trade show. Figures released by Saudi’s General Authority for Statistics show that in 2015, Saudi imported US$2.53 billion worth of auto parts and [...]