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...
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...
Fans of cars, and in particular luxury car lovers – today's news to you. One can choose the train to Times Square and spend the time smashed and uncomfortable among a massive crowd of strangers in the freezing cold. Or you could chose the best luxury car of the year, go for a ride and paint the town in red! The year 2015 has placed face to face two of the greatest titans in car industry: BMW and Lexus. The German company claimed most sales but this turns to be not enough. Recent data shows that Lexus might get the upper hand in this one, in fact, Lexus has turned up to b...
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...
2017 Acura NSX, a car that starts at $156,000—went up for auction at Barrett-Jackson in Arizona on Friday night, and Hendrick’s bid of $1.2 million broke the record for highest-selling designated VIN No. 0001 in the auction’s history. The proceeds aren’t for profit, though—all of the money spent by the Hendrick Motorsports owner and Hendrick Automotive Group founder will be split between two charities.The hybrid all-wheel drive Acura NSX sports car is powered by a complex Sport Hybrid Power Unit powertrain. The rear axle is driven by a 500 hp/550 Nm 3.5 litre DOHC...
The world’s largest automaker Toyota would buy out the rest of minivehicle unit Daihatsu - an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets.Toyota acquired a controlling interest of 51 percent in Daihatsu in 1988. But now it is raising its stake to 100 percent by a reciprocal share-swap agreement that will see Daihatsu's other shareholders take 0.27 shares in the larger company for each share in the smaller.This move will help to improve Daihatsu small cars by having a unified strategy in the sengment, alt...
