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 German police have arrested the head of powertrain development at Volkswagen's Porsche business, Joerg Kerner. The arrest was related to ongoing inquiries into emissions manipulation, a person familiar with the matter said. Police are holding him on remand. The police are holding him on remand because he is considered a flight risk. The arrest of Joerg Kerner was related to ongoing inquiries into emissions manipulation at Volkswagen, more than two years after the German carmaker admitted cheating on U.S. exhaust tests. Kerner was one of three current or former emplo...
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...
BMW has just discovered that it has installed the wrong programming on its luxury 5 and 7-series models. Due to this issue, all the models with the unsuitable software would be recalled. The automaker did inform the relevant authorities immediately after the problem has been discovered.BMW issued the statement after a report in news suggested it had installed software that manipulated emissions of harmful gases such as nitrogen oxide, something its management has always denied. Competitor Volkswagen reached a multi-billion-dollar U.S. settlement after admitting installing so-called "defea...
It seems like Nissan isn’t doing as great as we thought. Its sales went down due to high costs from improper final inspection procedures at home and higher discounts in the U.S.. Nissan's quarterly operating profit was 82.4 billion yen ($752 million) between October and December, down from 163.51 billion a year earlier. The automaker took a 39.6 billion yen hit in the quarter due to costs related to improper procedures for final inspections on vehicles produced at its Japan plants, while U.S. marketing and sales expenses, which include incentives, cost the automak...
Ford Motor Co. kept the title of best-selling U.S. brand of 2017. Driven by strong light-truck sales, it rose with 1.3 percent. Even if the full-year volume of sales dropped with 0.9 percent in comparison with 2016, Ford takes this position for the eighth year in a row, and the F series was America's best-selling truck for the 41st consecutive year. Here is the scale of growth and decrease of Ford brands:Ford rose 2.4% in December and fell 0.9% on the year Ford Lincoln fell 17%Ford F series up 2.1%Ford Mustang up 9.2% in the first full month for the new 2018 m...
