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 fuel-emissions scandal of Volkswagen continues. Did you know that Volkswagen AG's settlement for about 50,000 owners and government regulators over polluting vehicles is valued at more than $15 billion cash? That amount is very high even for such a powerful company as Volkswagen. We will know more precisely about this settlement on Tuesday in Washington, when it will be announced that the company has to return to the owners $10.033 billion over diesel emissions of about 475,000 vehicles and approximately $5 billion in funds to offset excess diesel emissions and boost zero em...
The recent decision of the United Kingdom to abandon the European Union, makes analysts forecast that automakers' profits will drop by billions of dollars and new-vehicle sales will be cut by nearly a million units over the next three years.After the results of the historic vote were announced the shares of suppliers and dealership groups with significant exposure to the U.K., as well as Fiat Chrysler Automobiles became particularly vulnerable. The U.K. auto market has surged in recent years to hit a record high of 2.6 million cars in 2015. Ninety percent of those vehic...
After UK announced its decision of leaving European Union a huge scandal in auto industry has started. First of all you should know that the auto industry was affected a lot, stock prices across the world have taken a huge hit following Brexit. Have you wondered how do investors feel like now? Their confidence has dropped across many sectors, of course auto industry is one of them. Considering the country is one of the largest manufacturing hubs in Europe, it now has to make a decision upon the way it will move on from this exit. The most important question here is will Europe and U...
National Highway Safety Administration's website has revealed that a new auto brand is preparing for a recall. Can you guess which one? It looks like too many luxurious brands have tough times this year, considering even Maserati is preparing for a recall. The company is planning to test and make fix if necessary more than 13,000 2014 Quattroporte and Ghibli sedans. The problem that stays behind is a counter-intuitive gear shift lever, that may lead drivers to believing the car is in park while it's not so, that may lead to rolling the car away. The parent of Maser...
Mitsubishi Motors and Nissan will resume the sales of the cars that were embroiled in the fuel efficiency scandal, after the Japan's Land, Infrastructure, Transport and Tourism Ministry officially allowed it. These news concern more precisely the eK Wagon, eK Space and the Dayz and Dayz Roox models Mitsubishi manufactures for Nissan. Mitsubishi has submitted revised mileage results that were already based on current parameters issued by the ministry. The authorities decided to issue the automaker a stern reprimand, after checking emissions, which passed the ...
