- Nov 3, 2011
DuPont to sell $4B auto paint business?
An analyst has said selling the units will improve the portfolio, but the question is what other company will have the will (and the financial wherewithal) to take them. DuPont says it wants to up the division's profit margins to ten percent in 2012, but with automakers still hammering supplier prices, it will take some healthy productivity engineering to make that happen. Credit Suisse hasn't begun the sale process yet, but a buyer could be sought among the other three large auto-coatings companies, PPG, BASF and Arko Nobel.