Late last year, Schaeffler, a parts supplier to the automotive industry, announced that they planned to close two factories in Britain due to the uncertainty surrounding Brexit. They employ 1,000 workers in the UK across three factories and two logistics hubs and the two sites affected are in Wales and in the south west of England. Schaeffler’s products are shipped across … [Read more...]
Sparesbox
I first read about Sparesbox last year after they had raised $3.5M of funding to help them create a network of mobile mechanics to visit car owners and perform on-site servicing. That funding by Moelis Australia Asset Management and Carthona Capital is equal to 10% of the business. Sparesbox was created by Leon Saliba who is an ex Holden and Toyota equipment buyer. He was … [Read more...]