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 […]
Axalta Breaks Ground on New Coatings Facility in Northern China
Axalta (NYSE:AXTA) broke ground for construction of a state-of-the-art coatings facility in Jilin City, Jilin Province, North China. The 46,000-square-meter new plant will produce mobility coatings to support growing customer demand in China for light vehicles, commercial vehicles, and automotive plastic components. “Our new plant in Jilin is another building block supporting our ambitious growth […]
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 […]
Philadelphia Customs and Border Protection Seizes Nearly $300k in Counterfeit Auto Parts from China
U.S. Customs and Border Protection officers in Philadelphia, Pa. seized a counterfeit Chinese cache of vehicle parts on July 14 that were destined to an address in Feasterville-Trevose, Pa. The shipment arrived on June 4 and consisted of 5,657 pieces that included vehicle door locks, hinges, powered mirrors, steering wheel switches, headlights and taillights, grills, […]
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