IAA, Inc. (NYSE:IAA) announced a strategic market alliance with Oversea Auto & Shipping in Cambodia. This business will operate an IAA Auction Center in the busy and densely populated capital city of Phnom Penh, providing local services and assistance to help buyers to purchase vehicles efficiently from IAA. Oversea Auto & Shipping will offer support […]
U.S. Electric-Vehicle Tax Breaks May Violate Global Trade Rules
Favoring domestic industries could violate WTO rules, according to foreign officials and trade analysts. According to an article in the Wall Street Journal, European and Asian trade authorities are raising concerns that the expanded electric vehicle tax credits included in legislation signed into law by President Biden in August may violate Word Trade Organization (WTO) […]
BASF Expands Automotive Refinish Coatings Capacity in China
Expansion further supports market growth in the automotive industry in China and the rest of Asia. BASF Coatings (Guangdong) Co., Ltd. (BCG) announced it expanded the production capacity of automotive refinish coatings at its coatings site in Jiangmen, Guangdong Province in South China. With the completion of the expansion in July, BASF’s annual production capacity […]
AkzoNobel and Sikkens Extend Partnership with Mercedes-Benz in China and Indonesia
Mercedes-Benz and AkzoNobel have agreed to extend their partnership agreement for another four years. It means the company will continue to be a recommended supplier of vehicle refinish products and services in China and a preferred partner in Indonesia. The deal was confirmed after extensive testing and analysis of the product assortments and services provided […]
Liberty Mutual Insurance Seeks to Acquire Malaysian Insurer AmGeneral
Planned acquisition expected to make Liberty Mutual the largest auto insurer in Malaysia. Liberty Mutual Insurance will be applying for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad. AmGeneral is currently 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group (IAG). The acquisition is Liberty’s second this month in the auto insurance space. On […]
Jun Liao Named Regional President, Asia Pacific at Axalta
Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jun Liao is joining the Company as Regional President, Asia-Pacific effective July 15. Liao will report directly to CEO Robert Bryant and will manage all of Axalta’s business operations in the Asia-Pacific region and drive the Company’s growth strategy in the region. “Asia Pacific represents one of […]
Baidu Apollo Launching Fully Driverless Ride-Hailing Services in China
Passengers can experience a driverless autonomous driving service at Beijing’s Shougang Park. Baidu, Inc. (NASDAQ: BIDU) will open fully driverless robotaxi services to the public in Beijing starting from May 2, that will be China’s first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel, marking […]
BASF Extends Refinish Commercial Supplier Agreement with Mercedes- Benz in Asia Pacific Region
BASF has recently secured a multi-year contract with Mercedes-Benz in the Asia Pacific (APAC) region that extends its longstanding, commercially approved supplier status with the car company to Australia, Japan, Malaysia, South Korea, Taiwan and Thailand. The agreement, which builds upon its agreement with Mercedes-Benz in the Europe, Middle East and Africa region, includes its […]
Mercedes-Benz AG Approves Axalta Refinish Brands in 8 Asia-Pacific Markets Until 2025
Mercedes-Benz AG has renewed its approval of Spies Hecker and Standox, two of the premium, global refinish brands of Axalta (NYSE: AXTA), global manufacturer of liquid and powder coatings. Effective April 1, 2021, Spies Hecker and Standox are once again approved for use across the Mercedes-Benz network in eight Asian-Pacific (APAC) markets, until March 31, […]
Axalta Introduces Spies Hecker Waterborne System, Opens Regional Refinish Training Center in China
Axalta (NYSE:AXTA) announced the launch of its Spies Hecker Waterborne Full System, its latest full-layer waterborne solution for refinish customers in the Chinese market. The announcement was made during the grand opening ceremony on March 3 of its Southern Refinish Training Centre (RTC) in Guangzhou. The new auto refinish coating system brings world-class technology to […]