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...
Daimler makes its managers drive hybrid and electric cars. Plug-in hybrids and all-electric vehicles will become actually its company cars. The German automaker established a new policy this week that will require top managers to drive electrified company cars—as opposed to gas-powered vehicles—to set an example and provide a clear role model.The company believes that electric cars have much more responses than usual models. Daimler, which owns Mercedes-Benz, announced it would invest another 30 million euros ($33 million) to expand its own charging infrastructure across its o...
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...
The actual Aston Martin DB10 driven by Daniel Craig, James Bond, is just sold at auction. Ten of the DB10 cars were made for the movie, and one of them just crossed the block at a special James Bond auction at Christie's. Aston Martin DB10 has a working 4.7-liter V8 engine and is able to get up to 190 mph, a carbon-fiber body that's perfect for the world's best known secret agent, and underneath the beautiful design, six-speed manual gearbox from a V8 Vantage. You can't actually drive it on public roads as it's not certified or homologated for public use. But...
Falling gasoline prices are hitting the residual values of used hybrids and electrics. For example the Nissan Leaf cars were sold just over 90,000 copies in the US. That means a lot of them are now on the used market. So many, in fact, that you can find them for crazy low prices all over the country.Electric vehicles are increasingly becoming popular with rising awareness about climate change and improving EV technology. These alternatively fueled vehicles not only fight pollution and emit less greenhouse gas emissions, but are starting to get competitive with fossil fuel-based vehicles due to...