Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
The PSA Group has unveiled its plans to make Vauxhall and Opel a success following its acquisition of the firm earlier this year. Highlights include launching all future products on PSA platforms - including an all-new Corsa in 2019 - and setting the goal of keeping all current plants including Ellesmere Port and Luton in the UK open, although potentially on altered terms. Vauxhall and Opel declared losses of £190 million in the second quarter of 2017; daily losses at the firm under GM ownership were estimated to be in the region of £3m on average. PSA Group announced it...
Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi M...
Global car sales have gained momentum this year, rising a stronger-than-expected 5% through July. While gains are expected to moderate through year-end, strengthening labour markets and improving financial conditions suggest that the upswing will continue in 2017. There are still nearly 50 million vehicles on the road in the United States that were built prior to the new millennium, and as a result U.S. purchases are expected to continue to move higher for the remainder of the year and in 2017. Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotiabank, said that the ...
Nissan may have gotten huge North America profits but it didn't stop the company from feeling concerned.The extra car sales are being appreciated a lot by CEO Carlos Ghosn but does it mean now they depend too on the U.S.? The company needs to rebalance its global footprint to tap other profit centers. The company isn't planning to reduce the profit on North America but simply wants to find some new pillars of profit by the time the auto sales in North America go down. The company realizes that the economy of U.S. started to slow down and the country won't bring profits forever.&nbs...
In order to take a controlling 34% stake in Mitsubishi Motors, YOKOHAMA, Japan-Nissan Motor Co. is ready to invest 237 billion yen which is about $2.2 billion.This purchase is meant to transform Nissan into the single-largest shareholder of Mitsubishi. By May 25 the agreement between the companies will be signed and four directors to Mitsubishi Motors' board will be named by Nissan. Rumors say that even the chairman of Mitsubishi Motors might be Nissan's director. The deal must be completed within a year or it will be invalid. Looks like Nissan decided to save Mitsubis...
