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 Motor Co. is doing its best to fight the downturn in the car market but it’s not that easy, and it seems like it’s not that easy, and the fight is almost lost. The major American automaker is preparing for major reductions to its worldwide workforce amid CEO Mark Fields’ renewed efforts to hike profits and address the company’s falling share price. Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent, and will offer generous early retirement incentives to reduce its salaried ranks by Oct. 1, but the company does not p...
Nissan has reported its 2016 sales and it seems like the company didn’t really succeed in terms of car sales. Nissan’s operating profit dropped 6 percent in just ended fiscal year. The company’s operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31. Net income advanced 27 percent to 663.5 billion yen ($5.96 billion) in the January-March period. Nissan attributed the rise to a one-time gain from the sale of its stake in former group supplier Calsonic Kansei Corp., which it booked in the fiscal fourth quarter. Worldwide reve...
Now that Mercedes Benz has announced to pause its U.S. diesel plans we feel like country’s auto sales feel another blow. Daimler revealed that it had to obtain certification to sell 2017 diesel models in U.S. from U.S. environmental regulators, but it didn’t. The outlook is now growing cloudier as scrutiny from the Environmental Protection Agency keeps models off the market and the costs rise to meet toughening pollution rules. Mercedes says that fewer than one out of every 100 cars sold in the U.S. is a diesel. Diesel’s future has been relegated back to what ...
Toyota Motor Corp. the largest Japan carmaker said the company felt a sense of crisis as the company braced for two consecutive years of falling profits and Toyota would streamline operations to bolster margins. The company’s operating profit tumbled 20 percent to 438.9 billion yen ($3.94 billion) in the carmaker’s fiscal fourth quarter ended March 31. Net income slid 6.6 percent to 398.4 billion yen ($3.58 billion), the company said Wednesday while announcing full-year earnings results. Revenue increased 6.8 percent to 7.44 trillion yen ($66.87 billion). Global retail s...
Some of you might ask yourself what’s so special about sports cars? They aren’t designed to go off-road, the biggest part of them have space for just one passenger and still the sports cars sales are up in US this Spring. U.S. sales of compact sports cars are up 3.4 percent in 2017, while overall car demand is off 12 percent, including an 11 percent slump in April. Truck sales, including crossovers and SUVs, have increased 4.4 percent so far in 2017.The big winner among small sports cars this year is Mazda’s MX-5 Miata, which, after a redesign, got off to a slow s...