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...
U.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials, suggesting consumer spending remained fairly strong early in the fourth quarter. Retail sales increased 0.2 percent last month. Data for September was revised to show sales jumping 1.9 percent rather than the previously reported 1.6 percent advance. Retail sales increased 4.6 percent on an annual basis. Economists forecast that retail sales would be unchanged in November. The slowdown from September's robust pa...
According to the local news report and a former Tesla employee, the electric vehicle maker fired about 400 employees last week. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company. "It's about 400 people ranging from associates to team leaders to supervisors. We don't know how high up it went," said the former employee, who worked on the assembly line and did not want to be identified. Though Tesla cited performance as the reason for the firings, the source ...
All the cars sold in Japan by Nissan in the last 3 years will be recalled by the carmaker. If you want to know what has been the issue for this car recall, then you need to know that technically there are no issues, but the final vehicle inspections were not performed by authorized technicians. The final number of the cars being recalled is under1.2 million. Nissan produced around 560,000 vehicles in Japan last year to North America, Europe and other markets. Spokesman Nick Maxfield said there was no difference in quality between cars made in Japan for the domestic market and those ...
Even though the shares of US car retailers rose this September, analysts predict that longer-term concerns over the threat of eccomerce and weak demand in the sector remain. O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496. The Dow Jones Industrial Average also traded down 0.2 per cent at 22,296 on Monday in New York, while the Nasdaq Composite shed 0.9 per cent to 6,370. Genuine Parts, which distributes replacement car parts, saw the biggest gains of any stock in the S&P 500 on Monday, ri...
Facebook, the world’s biggest social network doesn’t want to compete with automakers, at least that’s what Sheryl Sandberg, Facebook’s Chief Operating Officer says. She said it with charm and in a bit of a funny manner, mentioning that Facebook is the only company in Silicon Valley that’s not building cars. But Facebook is sponsoring a "new mobility world" at the Frankfurt show that brings together carmakers, tech companies and start-ups in areas such as autonomous driving and electric cars. Sandberg's visit to Germany comes after the coun...
