AkzoNobel announced it has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams that had been announced in April. The acquisition will further boost the company’s position in China and will allow the company further market segmentation and reinforce its position outside of the premium segment. The business has an annual revenue of […]
AkzoNobel to Supply Porsche China with Water-Based Refinish Products
AkzoNobel announced it has received approval to supply its water-based refinish products to Porsche China, one of the vehicle manufacturer’s biggest markets. The company will supply its full water-based Sikkens range, including basecoats, primer and clearcoats, to provide Porsche China with a complete water-based solution for its refinishing needs. “We’re delighted to partner with one […]
Philadelphia Customs and Border Protection Seizes Nearly $200K in Counterfeit Collision Repair Parts from China
U.S. Customs and Border Protection officers seized a Philadelphia-bound shipment of counterfeit auto parts on March 27 that consisted of 177 pieces, including air bag covers, aluminum hoods, front fenders and bumpers, and badges bearing trademarked logos of Chevrolet, Buick, and Dodge. The counterfeit auto parts were valued at $196,035 manufacturer’s suggested retail price (MSRP), […]
PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter
PPG (NYSE:PPG) on October 10 announced that it expects third quarter 2022 adjusted earnings per diluted share to be between 5% and 7% below the low end of the company’s forecasted range of $1.75 to $2.00 that was previously communicated in July. In comparison to its forecast at the beginning of the third quarter, company […]
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 […]
WorldSkills Competition in Shanghai Cancelled
The current lockdowns in Shanghai and ongoing pandemic prevention and control restrictions in China make hosting the October event impossible in 2022. Today WorldSkills International, in agreement with WorldSkills Members, WorldSkills Shanghai 2022 Executive Bureau, and WorldSkills China (MOHRSS) announced the cancellation of WorldSkills Competition 2022 (WorldSkills Shanghai 2022). Scheduled for October 12–17, the 46th […]
Messe Frankfurt Reschedules Two Automotive Trade Shows in China
Messe Frankfurt announced it is rescheduling two of its automotive aftermarket trade fairs in China as the Government has escalated several COVID-19 prevention and control measures. CAPAS Chengdu, the auto parts and aftermarket services show originally scheduled for May 19-21, will move to August 18 – 20, 2022.). In addition, the Auto Maintenance and Repair […]
BASF Continues Global Partnership with WorldSkills
BASF’s Coatings division has signed a new multi-year Global Industry Partnership with WorldSkills International. The agreement continues BASF’s long-standing commitment to developing new talent in the automotive refinish industry and solidifies BASF’s support of the next global WorldSkills Competition, which will be held in Shanghai, in October 2022. Founded in 1950 and held every two […]
Honda Introduces New Honda Sensing 360 System as Latest Step Toward Achieving Goal of Zero Traffic Collision Fatalities by 2050
Global rollout to begin in China in 2022 and will be standard on models in the U.S. by 2030. Honda today announced plans to apply the next generation of its advanced suite of safety and driver-assistive technologies – Honda Sensing 360 – to all new Honda and Acura models in the U.S. by 2030. With […]
GM Invests $300 Million in Momenta to Deliver Self-Driving Technologies in China
General Motors announced it will invest $300 million in Momenta to accelerate the development of next-generation self-driving technologies for future GM vehicles in China. “Customers in China are embracing electrification and advanced self-driving technology faster than anywhere else in the world, and the agreement between GM and Momenta will accelerate our deployment of next-generation solutions […]
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