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 famous psychedelic Porsche convertible driven by rock legend Janis Joplin has smashed estimates to sell for US$1.76 million at an auction in New York.The iconic vehicle – a pearl-white 1965 Porsche 365c 1600 Cabriolet decked out with a kaleidoscopic Flower Power paint job – was expected to bring between $400,000 and $600,000.The auctioneer opened bidding at US$300,000 before a packed room in New York with RM Sotheby's staff manning a bank of phones. In seconds, the price jumped to US$600,000.A ripple of applause broke out when bidding reached US$1 million and again at US$1....
US auto safety regulators fined Fiat Chrysler Automobiles $70 million for failing to report key safety data to regulators on death and injury claims linked to their vehicles.The penalty is an amendment to an earlier $105 million fine on Fiat Chrysler over its poor handling of auto recalls, taking the total in the enforcement case to $175 million, said the National Highway Traffic Safety Administration.Fiat Chrysler acknowledged earlier this fall that it failed to provide early warning data to regulators over a period of several years. That data - which includes deaths, injuries, warranty ...
Audi has announced it is still committed to hit the 2-million annual sales objective by the year 2020.This is a rather bold target, despite the ongoing Volkswagen diesel emissions scandal which has affected over 2 million Audi models. The premium automaker managed to sell 1.74 million vehicles worldwide last year and in the first 10 months of 2015, shifted to a total of 1.5 million cars.Audi has a few new models that will likely sell in crazy numbers. The first will be the Q2 entry-level crossover set to go on sale in the second half of next year, following a world premiere in Geneva...
Amazing Ferrari collection worth around $12 million will be sold at an auto auction in Scottsdale on January 29 and 30 next year. What makes this Ferrari collection most impressive is that all Eight Ferraris are owned by one person, Tony Shooshani.Shooshani is one of the world’s most noted Ferrari collectors. He's the proprietor of a 599XX Evo, a LaFerrari, and one of only six Pininfarina Sergio roadsters made. They'll remain in his collection, along with his prized 288 GTO and his thoroughbred Arabian stallion named Enzo.Tipped to be the most expensive Ferrari from Sho...
Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. He was one of the automotive supplier, 12th largest shareholder, but the firm lost faith in Takata after the management refused to explain what was happening during the crisis. “We could not help feeling the management is not trustworthy,” fund manager Takahiro Kusakari said in an interview from his office in Tokyo. “We felt Takata had a ‘we are needed and our products are needed, so the business will come back and the situation won&...
