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...
Ford decided not to go for the nine-speed transmission offered by General Motors. The company opted for 2 new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus. The first of those is based off the nine-speed, dropping one of the gears. The second eight-speed, for higher-performance vehicles such as the upcoming Edge ST and V-6 version of the Nautilus, adapts a six-speed that was co-developed with GM as part of a 2002 tie-up. A third eight-speed is expected for smaller, lower-torque vehicles. Ford Motor Co. agre...
The company which is about to set a record fine of $1 billion imposed by two U.S. regulators for its risk management business is none other than Wells Fargo & Co. Lask week the company got a proposal from U.S. Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC), to resolve probes into auto insurance and mortgage lending abuses at the third-largest U.S. bank. Wells has acknowledged that it charged customers for excessive auto insurance, a burdensome expense that caused some to see their cars repossessed after defaulting on loans. Wells Fa...
The Chinese government made a surprising announcement that it plans to eradicate the protectionist rules that stop foreign car makers from selling their cars in the country, opening its markets to the capitalist vehicle manufacturers from 2020. Today’s rules state that to sell cars in China without big taxes, car makers need to establish joint venture companies with local firms and can’t own more than 50 percent of its Chinese partner. These measures were introduced by the Chinese government in 1994 trying to promote local companies and limit the already-rich Western aut...
Donald Trump proposed a 25 percent tariff on some goods, including automobiles, imported from China. This could put a kink in the plans of Ford, GM, Volvo as well as the Chinese brand Guangzhou Automobile Group, who planned to enter the US market next year. Volvo is importing S60 Inscription since 2015 from China; GM imports the Cadillac CT6 plug-in hybrid and Buick Envision; Ford was planning on starting to build the Focus Compact there and importing it. China retaliated, announcing its own 25 percent tax on imports including chemicals, soybeans, aircraft, and cars...
General Motors Co and Fiat Chrysler Automobiles, both posted sales gains in new vehicles in March. The luckiest this month is GM, the company revealed a 16% jump in new car sales compared to the same month last year. Fiat Chrysler reported a 14% increase in sales in March. FCA said it saw a 45% spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak performance in February. Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected ...
