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...
Gasoline and oil prices just like always determined the future and the present of electric and plug-in car sales. Back in 2014 when oil prices fell down, hybrid vehicles took a hit along with their risidual values in several global markets. Plug-in electrified vehicles – battery electric and plug-in hybrid – saw similar trends emerging at first. However, PEVs have seen unit sales rise significantly in the U.S., Europe, and China during the past two years – as gasoline prices have stayed down. It appears that other market dynamics are influencing PEV sales now more ...
The dozen owners of Lamborghini Venenos – an ultra-rare supercar that cost $4 million and up – will be receiving some bad news via registered mail: their Italian dream machines are being recalled. The 12-cylinder, 750-horsepower models that Automobili Lamborghini SpA billed as a “street-legal racing car” are among about 5,900 Aventadors the automaker will recall worldwide over risks that a fuel system fault could lead to fires. Included in the recall are the only three Venenos hardtops sold, which carried a price of about $4 million (3 million euros), plus an...
General Motors Co. and Toyota Motor Corp. officials will tell a U.S. House panel that need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. Mike Abelson, vice president of global strategy at GM, said that without changes to those regulations, it may be years before the promise of today’s technology can be realized and thousands of preventable deaths that could have been avoided will happen. On Monday, Sen. Gary Peters, D-Mich., and Senator John Thune, the Republican chairman of the Commerce Committee, said in a joint statement...
American inflation expectation rises for the second straight month in January to its highest level since mid-2015. The data revealed indicates that American interest rates will keep it high. Residential land prices in China rose 7.9% over all of 2016. Car sales slowed down in January comparing to December, getting hurt by holidays and reduced tax discounts. All of 2016, they reached a record high of 28 mln vehicles, up +13.7% in the year. The data released by Japan reveals that its economy has grown up 1% in the December quarter. In Europe, an official review shared with us shows th...
Volvo was doing really good in 2016 and its revealed double-digit earning improvements proves that. The automaker forecasts a fourth consecutive year of record sales for 2017, in this goal it will be helped by the arrival of new models such as second-generation XC60 and the all-new XC40. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker's profit margin to 6.1 percent compared with a 4 percent margin in 2015. Since being bought by China's Zhejiang Geely Ho...
