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...
According to calculations based on actual monthly sales reported by the manufacturers, the first reports of November auto sales are in.Statistics show that Hyundai, Nissan and Toyota set the pace in November. Gains among major players fell within a narrow range of 0.3 percent at Ford Motor Co. to 3.8 percent at Nissan Motor Co. Hyundai’s 12 percent increase stood out in percentage terms. Hyundai generated sales of 60,007 vehicles, up 12 percent, for its best-ever November. Only American Honda and Volkswagen Group posted a decline in volume. Overall U.S. sales, wi...
German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...
After Ferrari got off from Fiat Chrysler Company it sells its shares. The whole Ferrari is estimated of about $ 10 billion. Yesterday, the company Ferrari IPO began to sell its shares through the New York Stock Exchange. The shares have been very popular, and in the first day the price immediately rose with 17%. This is a step of the separation Ferrari from Fiat Chrysler Automobiles (FCA), which owned a 90% stake of Ferrari. Now the shares are distributed among a large number of investors, and the Fiat will no longer be a direct owner.At the moment, for trading were exposed only 10% of th...
According to Reuters News Agency Ford Motor Company has released plans on a strong investment of $1.8 Billion (11.4 Billion Yuan) spread over a period of five years to expand R&D in China. This news confirms the direct and concerted effort made by the US Motor giant carmaker in order to secure for itself a rather large slice of the world’s largest auto market, still untapped by some major players. Ford now stands as the fifth-largest foreign automaker in China. It follows GM, Volkswagen AG, Hyundai, and Nissan. However, Ford has had a rapidly ascending ga...
43 Years after achieving a foot-hold on the American Car Market, and changing perceptions about Japanese Car Makers, the Civic continues to tread on solid ground while improving all aspects of design and reliability.According to Honda, the new 2016 Civic in all its formats has been designed completely new “from the ground up.” Compared to the outgoing Civic, the new Civic Sedan has been built on a platform with a wheelbase 1.2 inches longer and it is 2 inches wider and 1 inch lower also. There are some drastic design changes as well. No longer is it a “boring&rdqu...
