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...
Fiat Chrysler Automobiles got an offer from a well-known Chinese automaker to buy it, but at a small premium over its market value. Of course the offer was rejected because of the price offered, but what’s more important here is that the Chinese powers started to show interest in Fiat. Meanwhile, other sources independently identified executives from other large Chinese automakers conducting their own due diligence on a potential purchase of FCA, including meeting last week with representatives of U.S. retail groups about a potential acquisition. A source said FCA executives h...
Guess who’s gonna sell its electric battery business to GSR Capital? Yes, it’s Nissan. In its statement Nissan revealed that the business which GSR will buy includes battery operations in Japan, England and of course U.S.. The sale covers Nissan's battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America; in Sunderland, England, owned by Nissan Motor Manufacturing UK; and part of Nissan's Japanese battery development and production engineering operations in Oppama, Atsugi and Zama. Nissan will first take full control of its battery subsidiary...
Genesis has amazing plans for this month, first of all it will announce a new retail strategy for the U.S., it will accelerate the separation of the automaker from the Hyundai marque, and of course will cut the number of dealerships to sell Genesis models. The transition, which was supposed to be several years off, likely will be messy and costly for Hyundai and the culled Genesis dealers. It comes less than two years after Hyundai announced the creation of the Genesis brand, barely a year after it officially put the G80 and G90 sedans on sale and just ahead of the launch of a critical ne...
Every month, automakers release their sales numbers, and there are always some interesting tidbits buried in the myriad spreadsheets and digits.ChevroletThe Bolt EV reached a noteworthy milestone — it outsold the Corvette, despite not being available in all 50 states yet.FiatEvery Fiat model sold worse this July than last, and the 500X had the worst drop.DodgeEven though it's on the way out, the Dodge Viper posted a July increase from 49 to 56 cars. CadillacThe numbers show the brand needs more crossovers. Cadillac also sold two of the discontinued Volt-based ELRs and an e...
As automakers are doing their best to get rid off too much inventory, buyers can expect sweeter deals on small and mid-size cars. This July wasn’t expected to be a good month for US car sales but at the same time, the data are not so bad. Overall auto sales fell 7% from a year earlier to 1.42 million vehicles. Buyers will eventually have fewer choices of passenger cars as automakers shift more of their engineering resources into crossovers, SUVs and pickups. Average discounts per vehicle rose 5% to about $3,600, compared with a year earlier. Meanwhile, transaction prices ...
