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...
Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. He was one of the automotive supplier, 12th largest shareholder, but the firm lost faith in Takata after the management refused to explain what was happening during the crisis. “We could not help feeling the management is not trustworthy,” fund manager Takahiro Kusakari said in an interview from his office in Tokyo. “We felt Takata had a ‘we are needed and our products are needed, so the business will come back and the situation won&...
Nokia completed the sale of its navigation business HERE with German car makers BMW, Audi and Mercedes.The German vehicle companies have bought the navigation specialist as part of their push towards fully autonomous driving; Nokia's spin-off is a key element which gives them access for building the technologies and digital frameworks that will enable connected and autonomous cars to become a real-world reality.The ownership of Here will be shared equally between BMW, Audi and Mercedes.Nokia said its net proceeds from the deal would be around US $3 billion, in line with its original estima...
The California Air Resources Board (CARB) ordered Audi, Porsche and Volkswagen to recall and repair “illegal” emissions software in more than 15,000 vehicles with 3.0-liter diesel from model years 2009 – 2015 that were sold in California.The automakers have 45 business days from November 25 to put together a recall plan and deliver it to CARB. The order affects about 15,000 California vehicles out of approximately 85,000 sold in the U.S. with diesel engines supplied by Audi.Audi appeared already to be moving toward a recall for the 3.0-liter models. The luxury brand said in a...
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...
The United Auto Workers union on Friday night said it had ratified a contract with Ford Motor.The UAW-Ford deal comes after a resurgence in car sales and profits. That's one of the issues workers have raised -- many hadn't received a raise in over a decade despite economic strength within the industry.The four-year deal with Ford barely passed with a 51.4-percent majority. The Blue Oval's production workers voted 51.3 percent in favor of the contract, and 52.4 percent of those from skilled trades accepted it."This agreement provides a good foundation for Ford Motor Company, ou...
