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...
Daimler makes its managers drive hybrid and electric cars. Plug-in hybrids and all-electric vehicles will become actually its company cars. The German automaker established a new policy this week that will require top managers to drive electrified company cars—as opposed to gas-powered vehicles—to set an example and provide a clear role model.The company believes that electric cars have much more responses than usual models. Daimler, which owns Mercedes-Benz, announced it would invest another 30 million euros ($33 million) to expand its own charging infrastructure across its o...
Takata Corp., Japanese manufacturer seeks buyers for its Irvin Automotive Products unit. They want to assume the responsabilities of those 10 deaths and more than 100 injuries, and to shore up the company’s balance. They plan to sell their automotive interiors division to raise money for paying for the cost of recalling about 50 million vehicles due to exploding air bags. Takata is working with Japanese bank SMBC Nikko Securities Inc. and U.S. bank Moelis & Co. on the potential sale. It isn’t clear whether Takata is seeking strategic or financial buyers for the busin...
Falling gasoline prices are hitting the residual values of used hybrids and electrics. For example the Nissan Leaf cars were sold just over 90,000 copies in the US. That means a lot of them are now on the used market. So many, in fact, that you can find them for crazy low prices all over the country.Electric vehicles are increasingly becoming popular with rising awareness about climate change and improving EV technology. These alternatively fueled vehicles not only fight pollution and emit less greenhouse gas emissions, but are starting to get competitive with fossil fuel-based vehicles due to...
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house."You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever," Ian Taylor, Chief Executive Officer of Vitol Group BV, told Bloomberg. His company is the world's largest independent oil trader. Instead of any significant increase or decrease, the exec believes crude could hit $45 to $50 a barrel in the latter half of 2016 and...
Jerry Seinfeld is a well known American Comedian. He is also a good collector of automobiles and has a very exclusive taste in Porsche models. This time, he decided that it's time for a change and put all his 18 Porsche cars up for auction. His impressive collection of vehicles had excited many car lovers. His collection was consigned to the Gooding & Company auction at Amelia Island for next month. Look at some of them, including a 550 Spyder, a 356 Speedster, and a 911 IROC RSR – all of them valued in the millions. Other Porsches from the Seinfeld collection set to cross t...
