• Positive Q3 outlook for AkzoNobel

    • October 23, 2015
    • Posted by: Simon Wait
    • Category: Industry News
    AkzoNobel’s third quarter results show positive developments in profitability in all three business areas – decorative paints, performance coatings and specialty chemicals – despite what it claims a ‘challenging market environment’. Third quarter (Q3) 2015 operating income increased 30% to €436 million, reflecting the positive effects of process optimisation, lower costs, reduced restructuring expenses and [...]
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  • Carstar acquired by Roark Capital Group

    • October 23, 2015
    • Posted by: Simon Wait
    • Category: Industry News
    US and Canadian based collision repair franchise, Carstar Auto Body Repair Experts has been acquired by Driven Brands Inc, a portfolio company of Roark Capital Group and the nation’s leading franchise automotive company. Carstar is one of the largest multi-shop network of independently owned collision repair facilities in the U.S., operating in more than 240 [...]
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  • Toyota recalls 6.5 million cars

    • October 21, 2015
    • Posted by: Simon Wait
    • Category: Industry News
    Japanese carmaker Toyota has said it will recall 6.5 million vehicles worldwide over a faulty window switch. The power switch could potentially short-circuit, causing parts to overheat and could lead to a fire. Toyota has already recalled some 10 million cars globally that were fitted with faulty air bags linked to a number of deaths. The [...]
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  • Takata recall could expand further

    • October 20, 2015
    • Posted by: Simon Wait
    • Category: Industry News
    Regulators in the US said they could expand their investigation into Takata air bag inflators beyond 11 car manufacturers, as questions arose about whether vehicle design played a role in the devices posing a deadly risk to the public. National Highway Traffic Safety Administration (NHTSA) chief Mark Rosekind said his agency can add more car manufacturers to [...]
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  • CV markets expected to double in Africa

    • October 19, 2015
    • Posted by: Simon Wait
    • Category: Industry News
    A new IHS Automotive analysis of future automotive demand in Africa suggests significant growth opportunities on the continent that the industry considers the ‘Final Automotive Frontier’. With one of the world´s fastest- growing middle classes, Africa is showing pronounced promise for the global automotive industry. Demand for new light vehicles (Gross Vehicle Weight (GVW) of [...]
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