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...
Mini attempts to define its future product portfolio. Bringing Mini back from the dead in 2001 was far from easy for parent company BMW and its R&D department. The Cooper turned out to be an automotive phenomenon at the time and a massive sales success, but the following models were not so lucky.The arrival of the second-gen models contributed to the fact that sales were up 10 percent in 2015. But most new Minis simply haven’t been as hot as those first cars were. It’s easy to understand why to a certain extent; the hype and excitement around the brand...
General Motors announced it has a new vice president of design. This job with global responsibilitywill be done by the Australian Mike Simcoe, 58, stationed overseas for much of his 33 years with GM. Simcoe is the first non-American to assume the mantle as GM’s global design chief.Simcoe brought a contribution to the design of many of the brand's models and has had a hand in shaping many vehicles familiar in North America. His portfolio is filled with such models as Holden SSX concept, Buick Sceptre concept, Holden Ute, Hold...
Leasing has surged as a share of new-vehicle transactions to impressive indexes in the fourth quarter of 2015, this being caused mainly by captive finance companies seeking to boost sales by keeping customers' monthly payments low. Leasing has been fairly rare in the used-vehicle market, but its share is growing. In such a way more and more lenders are offering leases on used and certified preowned vehicles.This strategy is meant to cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year. The number of off-lease vehi...
Company mergers in the modern automotive industry has become a common practice. More and more specialists declare that the auto industry should consolidate further to cope with rising development costs. As thus, Fiat Chrysler Automobiles Chairman John Elkann renewed a push to merge the company with one of the auto industry’s “big guys”, saying savings could top $10 billion a year.Even with developments like car sharing and self-driving vehicles, Fiat Chrysler’s major competitors should consider the potential benefits of a merger because the bulk of their ...
Volkswagen Group top executives, starting with Chairman Hans Dieter Poetsch, will have their 2015 bonus payments significantly cut as the automaker has a difficult period and counts the multi-billion-euro costs of its emissions-rigging scandal. VW said the supervisory board and management agree that the company needs to send a signal on top management pay. Variable pay will have to be reduced and in this sense the management board, for example, has already accepted cuts of at least 30 percent in bonus payments. VW's supervisory board will decide on the bo...
