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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 F-150 Being Investigated For Possible Seatbelt Fires
    10 Aug 2018

    The National Highway Traffic Safety Administration has reportedly opened an investigation regarding fire complaints in the 2015-2018 Ford F-150 full-size pickup truck. However, the source of these reported fires is not the typical culprit, the engine, but the truck’s seat belts.  Ford has already announced it is fully cooperating with the government’s investigation of some 2 million potentially affected trucks. “We take the safety of our customers very seriously,” said a Ford spokeswoman. They are investigating the matter and will cooperate with the agency. A ...

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  • Toyota's profit increased 43%
    09 May 2018

    The profit of the Japanese automaker- Toyota has increased 43% in the latest quarter as cost-cutting, lower selling outlays and falling warranty expenses offset unfavorable foreign exchange rates and helped the automaker to have a record full-year net income.Operating profit rose to 629.6 billion yen ($5.93 billion) in the carmaker’s fiscal fourth quarter ended March 31, while net income advanced 21 percent to 480.8 billion yen ($4.53 billion). Revenue rose 1.9 percent to 7.58 trillion yen ($71.36 billion). Global retail sales increased 2.2 percent to 2.6 million vehicles in the January-...

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  • Wells Fargo might pay $1 billion fine for loan abuses
    20 Apr 2018

    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...

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  • BMW has installed the wrong software on its luxury models
    23 Feb 2018

    BMW has just discovered that it has installed the wrong programming on its luxury 5 and 7-series models. Due to this issue, all the models with the unsuitable software would be recalled. The automaker did inform the relevant authorities immediately after the problem has been discovered.BMW issued the statement after a report in news suggested it had installed software that manipulated emissions of harmful gases such as nitrogen oxide, something its management has always denied. Competitor Volkswagen reached a multi-billion-dollar U.S. settlement after admitting installing so-called "defea...

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  • U.S. rejects Ford petition to delay airbag recall of 3 million cars
    21 Nov 2017

    The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford to delay recall of about 3 million cars with potentially defective Takata airbag inflators. The agency said it did not find the request by the second largest U.S. automaker to defer a recall until additional testing was conducted "reasonable under the circumstances or supported by the testing and data it has collected to date."  Takata inflators can explode with excessive force, unleashing metal shrapnel inside cars and trucks. At least 18 deaths and 180 injuries world...

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