NEWS www.aftermarketonline.net MAY 2024 AFTERMARKET 7 Follow us on Facebook @aftermarketmagazine Neofab-UK becomes latest IAAF member Aftermarket parts provider Neofab-UK has become the latest member of the IAAF. The company brings its specialist understanding of BMW parts to IAAF’s membership, as well as its expertise in brushless direct current motor design and prototypes for EVs. Neofab-UK general manager Ahmet Cem Kurtcu said the company, which has its production team based in Turkey, wants to share its manufacturing experience and establish new collaborations. “By joining the IAAF we can align our values around innovation, customer focus, solution focus, rationalism, and efficiency,” he said. IAAF chief executive Mark Field said Neofab-UK’s expertise would be a great benefit to the federation, sharing its niche understanding of the market through IAAF’s communication channels and networking events. Separately, the IAAF is launching its first summer conference in more than 20 years with the key aim of addressing issues around skills, training and recruitment in the automotive aftermarket. The conference, on June 12 at the Belfry Hotel & Resort, Sutton Coldfield, is sponsored by Alliance Automotive Group. SAIC Motor, parent company of MG and Castrol have announced a three-year agreement that will see Castrol serve as the preferred lubricants supplier for MGs network across Central and Eastern Europe. The agreement, announced on April 15, brings together two heritage brands to enhance performance and efficiency across MG’s diverse range of vehicles. Castrol EDGE 0W20 C5 is recommended by MG. The product will be available for car owners for the first time in several EU member countries. The co-branded product brings together Castrol's expertise in high-quality lubricants spanning more than 125 years and MG’s pioneering efforts in mobility. MG recommends Castrol as the trusted partner for lubrication needs from traditional ICE to BEVs and ancillary products in those markets. Baozheng Wang, Castrol’s global business VP, said the agreement “exemplifies the power of collaboration in driving value creation”. Skyler Kim, MD for SAIC Motor Central and Eastern Europe, said the collaboration will help propel the MG brand to new heights. SAIC Motor and Castrol agree new European collaboration TMO, Howden in trade insurance partnership The Motor Ombudsman has told Aftermarket it has partnered with an insurance business for the first time — in a move that is set to benefit independent garages and others. Under the partnership, announced on April 9, businesses accredited to TMO, including vehicle retailers and mobile mechanics, will be able to take advantage of preferential premium rates and exclusive offers when taking out Howden Motor Trade Insurance. The partnership also means Howden can offer its clients that are not already accredited to TMO a tailored package when applying for accreditation to TMO’s Chartered Trading Standards Institute-approved motor industry codes of practice for service and repair and vehicle sales. TMO chief ombudsman and MD Bill Fennell said: “This mutually beneficial relationship provides our shared target customer base of independent motor trade businesses with access to a market-leading win-win collaboration. “We are constantly looking to raise the bar in terms of the value that we offer to our accredited businesses and this partnership provides the ideal stage for which to do this.” NEWS In association with:
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