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...
When President Xi Jinping announced measures to further open up China’s auto industry to foreign automakers, the global industry initially cheered. Now the cheering has stopped. As details are emerging, foreign auto executives said that this initiative was too narrow and vague to change business on the ground. Central to Mr. Xi’s plan is that it will allow foreign automakers to own Chinese factories, instead of working through a 50-50 Chinese partner, as is currently required. But it turns out that auto executives were comfortable with the current system. Ford’s vi...
Guess who promised to reform its corporate culture from the ground up? It’s Subaru! After the automaker admitted to faking the fuel economy and emissions data on Japan vehicles for at least five years, Subaru wants to grow a brand new culture.Subaru said inspectors at its Gunma and Yajima plants in Japan, where it assembles nameplates such as the Impreza, Outback and Forester, altered fuel economy and emissions data on 903 vehicles. The faulty inspections did not affect export vehicles. The manipulation began in December 2012 but may have started as early as 2002, Subaru said. A lac...
Electric automaker Tesla is the subject of a lawsuit filed by Nikola Motor Co, an automaker that makes hydrogen-powered semi trucks, alleging design patent infringements. Tesla’s Semi is the first electric heavy-duty truck and it’s similar to Nikola’s design.Utah-based Nikola says that it was issued six design patents by the U.S. Patent and Trademark Office for its fuselage, wrap windshield, mid-entry door, side cladding, and the overall design of the Nikola One. Nikola estimated the harm from Tesla’s alleged infringement to be more than $2 billion. Tesla’s spokes...
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...
For people who live in such a big state as Texas, driving is more like a way of life. The average Texas motorist logs more than 16,000 miles behind the wheel each year, far more than the average American. Nationally, nearly 1 in 10 new vehicle registrations occurs in the Lone Star State. The central role cars play in Texas means that policies that impact the automobile industry affect us more than most. The tax reform package being considered by Congress has many benefits — but a major wrinkle in the Senate version could force some dealerships in Texas to shutter. That would d...
