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...
General Motors sent a letter in Indiana to ban Tesla Motors from selling direct to customers. Tesla has sold vehicles to customers through direct vehicle sales, and it says if the letter is signed into law it would revoke Tesla’s permission to sell vehicles from its existing storefront in Indianapolis.The state of Indiana is seriously considering locking Tesla out of the state — with a real possibility that Tesla will be prohibited from holding a dealer license in the state after 2017 ends."Despite having a lawfully granted license to sell Tesla vehicles directly since 2014 at...
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...
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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...
The world's top-selling automaker Toyota stops producing vehicles at all assembly lines across Japan for an entire week because of a parts shortage. The shutdown could tighten supplies of Toyota and Lexus vehicles sold in the U.S.The production suspension begins next Monday and runs through Feb. 13. It will cost Toyota 84,000 vehicles. About 14,000 of those would be exported to the U.S.According to the company, an explosion knocked out the essential furnace of the No.2 Bar Mill Shop of Aichi Steel’s waterfront Chita Plant in Aichi Prefecture, Japan. The plant is located halfway betwe...