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...
The fuel-emissions scandal of Volkswagen continues. Did you know that Volkswagen AG's settlement for about 50,000 owners and government regulators over polluting vehicles is valued at more than $15 billion cash? That amount is very high even for such a powerful company as Volkswagen. We will know more precisely about this settlement on Tuesday in Washington, when it will be announced that the company has to return to the owners $10.033 billion over diesel emissions of about 475,000 vehicles and approximately $5 billion in funds to offset excess diesel emissions and boost zero em...
The recent decision of the United Kingdom to abandon the European Union, makes analysts forecast that automakers' profits will drop by billions of dollars and new-vehicle sales will be cut by nearly a million units over the next three years.After the results of the historic vote were announced the shares of suppliers and dealership groups with significant exposure to the U.K., as well as Fiat Chrysler Automobiles became particularly vulnerable. The U.K. auto market has surged in recent years to hit a record high of 2.6 million cars in 2015. Ninety percent of those vehic...
After UK announced its decision of leaving European Union a huge scandal in auto industry has started. First of all you should know that the auto industry was affected a lot, stock prices across the world have taken a huge hit following Brexit. Have you wondered how do investors feel like now? Their confidence has dropped across many sectors, of course auto industry is one of them. Considering the country is one of the largest manufacturing hubs in Europe, it now has to make a decision upon the way it will move on from this exit. The most important question here is will Europe and U...
We have already talked about Volkswagen and its plan on growing its market place in America. Volkswagen had some tough time earlier, and it still has to suffer from the scandal. The biggest question the company and we've had was if the company will be able to keep the customers trust? Well, we must admit that we've had some huge doubts about that. Now, that the economy in Russia slowed down, and of course the company will look for other strong options, but starting with U. S., is it a good idea? No matter how the company will succeed, and what's the plan on returning the...
Volkswagen Group Skoda has some tough times these days because of its parent, that is why the company isn't sure yet about selling vehicles in U.S. The Czech value brand is examining the potential of markets where the brand is not yet present. One of the chosen places might be North America, but the decision wasn't made yet. Skoda vehicles might be underpinned by Volkswagen Group technology but it won a lot of praises for its high quality and functionality. The vehicles are sold very well in countries like: China and Germany but now with the low economy in Russia ...
