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...
Company mergers in the modern automotive industry has become a common practice. More and more specialists declare that the auto industry should consolidate further to cope with rising development costs. As thus, Fiat Chrysler Automobiles Chairman John Elkann renewed a push to merge the company with one of the auto industry’s “big guys”, saying savings could top $10 billion a year.Even with developments like car sharing and self-driving vehicles, Fiat Chrysler’s major competitors should consider the potential benefits of a merger because the bulk of their ...
Volkswagen Group top executives, starting with Chairman Hans Dieter Poetsch, will have their 2015 bonus payments significantly cut as the automaker has a difficult period and counts the multi-billion-euro costs of its emissions-rigging scandal. VW said the supervisory board and management agree that the company needs to send a signal on top management pay. Variable pay will have to be reduced and in this sense the management board, for example, has already accepted cuts of at least 30 percent in bonus payments. VW's supervisory board will decide on the bo...
One of the country’s largest private dealership groups may have been created after Holman Automotive Group Inc. acquired Kuni Automotive. This new group will have 33 dealerships in eight states and will have a projected annual revenue of about $3 billion.Holman, of Maple Shade, N.J., has dealerships in its home state, Pennsylvania and Florida. Kuni, of Vancouver, Wash., has stores in its home state, Oregon, California, Colorado and Kansas. Most of the new dealerships will be situated along the East Coast and West Coast. Holman is one of the most notable...
Nissan has confirmed that it will not build small, rear-wheel-drive sports cars soon.The model which may have tackled the likes of Toyota’s 86 and the Mazda MX-5 in the sales-race would have sat below the current 370Z and GT-R models in the carmaker’s range.But now, according to reports out of Europe, the small sports car plans have been returned to the shelf where they may sit for quite some time. According to Nissan Senior Vice President Shiro Nakamura, the company has a modular platform currently under development that could underpin a model range featuring both electric and fos...
Roborace – a new driverless electric car series (from Formula E and Kinetik) is gaining shape with the first images of racing vehicles revealed. A new kind of vehicle was designed by the Daniel Simon.The cars has 4.8-metres long, and 2-metres wide, with a wheelbase of 2.8 metres and weighing in at 1000kg. To put that in context, the car will be 200mm shorter than a Formula E single-seater but 200mm wider. It weighs 112kg more than a FE machine, despite that car's all-up figure including the driver’s weight.Nvidia said that it will put its Drive PX 2 AI - the world’s most ...
